Per 8-K filing requirements, the company had to file the information relating to the NASDAQ notice within 4 days - which means tonight (notice date was April 26th). Faced with a very negative headline, the NWBO spin machine went into high gear.
By SEC regulations - they had to file the 8-K tonight.....period, exclamation mark.
So how do you soften the blow? You stick it at the bottom of a press release. Almost as an afterthought.
What did they really say in the first two paragraphs; you know, the ones meant to deflect shareholders attention away from the real message. That the "L" trial is still trying to get an "issue" resolved and the company is hopeful it gets resolved soon - would you describe AA that way? I looked at that as a net negative.
And are we really excited about the fact that NWBO is potentially collaborating with UCLA and some big name pharmas for some potential Phase 2 trials - so many years away!!!!!!! And the cost.
Sorry folks - I'm not nearly as sanguine as others tonight.