Trying yet again to make a mountain out of a mole hill with the nasd compliance issue. Even worse for the naysayers' case, the Nasd ruling was just incredibly good for longs - this is literally incredibly valuable. I'm not a lawyer, but I believe that Cognate had full legal right to take a large hunk of flesh out of other longs by getting issued more free shares from NWBO to fulfill the MFN clause. But, the nasd ruling rendered that unenforceable by Cognate, hence null and void. Cognate can't demand any alternative compensation because it's not NWBO refusing to issue the free shares, it's Nasd ruling that NWBO can't issue the shares. Cognate is just SOL wrt getting more free shares via MFN.
The original agreement was fair enough though turned out to be costly for minority longs once the price dropped so drastically. The nasd ruling was a major windfall for longs. Not that we're not still getting diluted too much but it's a lot less and giving NWBO a perfect legal out of a large obligation the nasd ruling was a fantastic win for everybody but Cognate. Yet very ignorant naysayers call that up like it's some kind of trump card for them. How dumb can you be?
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