AF was right that they ran out of money and need cash. Today's S-3 confirms that. That's fine. But if they release some good news on L, stock will skyrocket. I firmly believe L news soon.
I like the scenario you paint and one we keep expecting to happen, however, NWBO coming through on that is another Q. Of course the news would have to be about combo trials, either w direct or 'L' or both and not about the 'L' P3 trial. The longer we wait on the L P3 the better the results will be; kinda like a fine wine aging to perfection.