gpb I share your concern and I have voiced this concern since the reverse split and uplisting to the nasdaq. I know this won't be a popular post with some but I would like the feedback of the intelligent posters on this board. I have included 2 of my old posts from Yahoo below that call into question the debt swapping with Cognate. I see this as a very bullish sign but it also seems like a conflict of interest to me, one that would now translate into BILLIONS. What is the ratio of actual financing secured to debt swapped now? I think we are all turning a blind eye to what is happening because the company has been on life support for so long, but in the end this could dilute our investment by up to 50%.....
"austinmediainc • Nov 8, 2013 11:23 AM 2users liked this postsusers disliked this posts0Reply
As I have stated in the past, and you can all call me a conspiracy theorist, they are limiting the price of this stock themselves. Chess will call me an idiot but all of the secondaries have been for minimal investments in comparison to the amount of shares Linda and Toucan own and have been able to carry out the back door. If they didn't have third party investors for the secondaries and they bought the shares themselves, everyone would scream from the roof tops of manipulation.
Also Don't forget that Cognate is taking half payment in shares for services, is it not an advantage to receive double maybe triple the shares because of current share price??? This will equate to BILLIONS when this is all said and done!! Unfortunately this is the way the market and business work, but I for one am taking it as a bullish sign. When the cap is removed, we skyrocket!
PS why is NWBO technology being used on animals for profit under a Toucan business that we aren't profiting from.????"
"austinmediainc • Jul 27, 2013 4:07 PM 7users liked this postsusers disliked this posts0Reply
Prior to the NASDAQ uplisting and after the reverse split and capital raise I had posted that I thought the price was kept down on purpose a little by NWBO itself. My reasoning was that the secondary was so small at 12 million I felt they were able to sneak in a debt to equity swap at the same ridiculously low price with everyone thinking it was such a noble move by cognate. Well now I am sure of it, take a look at the presentation and the fact that Cognate is owed another 11.5 million and they are going to take their debt payment once again in equity!! If you think that they don't know something, you are crazy. They will most likely load up on another 3.5 million shares with 3.5 additional warrants. No one will question it as they will probably take it at higher then market pricing to show good faith and the precedent was set with the last two raises. At the end of the day it doesn't matter really and it actually frees up CASH for debt outside of manufacturing. Just think of another 7 million shares if the sp gets to $50......$350 million?? This women isn't stupid and I doubt she would have such a huge stake while risking more with every chance if she wasn't positive this was going to work! I guess I will just go along for the ride and take this as a very positive INSIDER move!"
