Replies to post #37722 on NorthWest Biotherapeutics Inc (NWBO)

[gnawkz]

Segregation of Duties issues will continue to exists regardless if a CFO hired tomorrow or next year. All of the language in the 10-K about potentially material weakness is added more to protect firms against investor lawsuits than anything else. To believe that a CFO would add more "credibility" to the numbers is pretty ridiculous.

NWBO does not have the cash or sales to support the proper organization that can appropriately comply to all SOX regulations. That is a fact.

Personally, right now, I am not sure how valuable a CFO would be to the organization given the amount of work available and need to minimize cash burn.

Thus, ultimately it comes down to a level of comfort for each individual investor regarding a CFO. If you feel:
1. Strongly that every company needs a CFO, then the appropriate course of action is to consider shorting NWBO.
2. It would be nice to have a CFO, but not necessary, then the appropriate course of action is to wait for NWBO to hire a CFO and then buy the shares.
3. Indifferent about a CFO right now (but might need one later on in the future), then hold your position or buy more shares.

If NWBO's price does crash because of the CFO issue, then it will be experience that we can all learn from and adjust our risk/reward profile as necessary.

[TZOR]

I am not arguing any such thing. I think CEO's have a significant place and purpose. In fact I used to argue that we needed a CFO as well (please note my older posts, can't remember which post number but if you look back you'll find them). I now know that my prior position is not the end all be all. I agree that we will need a CFO (if everything works out as planned), and a high quality CFO at that. If we bring in some bargain basement CFO, they may not add much value (above the removal of verbiage, and it's possible that adding a CFO won't even remove the verbiage), yet require additional cost.

I do believe (operative word "believe") that Woodford has a team of analysts, to complete DD for him. I would argue that they have put their eye on NWBO in detail (probably significantly more detail than we can, unless we actually go to HQ, are shareholders on record, and request certain information at certain times, and are doing it to protect our investment). I have done a review of Woodford and his style of investing, I agree with it. I agree with NWBO. I agree with Linda.

Consulting is very interesting to me, I do provide some light consulting to clients. But the majority of my work is as a tax accountant.

[TC_Trader]

There are four board members beside Linda. She isn't running a dictatorship.