Exxwannabe, Yes I am long. I do not believe NWBO is intentionally violating the law. I don't see my NWBO investment as a ponzi scheme.
In regards to NWBO's risk clause, your comment is laughable. Go to Tesla SEC documentation. They listed a risk a few months ago regarding their vehicles having defects and the lithium-ion batteries exploding :
Our vehicles or vehicles that contain our powertrains such as the Toyota RAV4 EV or the Mercedes-Benz B-Class EV may contain defects in design and manufacture that may cause them not to perform as expected or that may require repair.
The battery pack in our vehicles and the battery packs that we sell to Toyota and Daimler make use of lithium-ion cells. On rare occasions, lithium-ion cells can rapidly release the energy they contain by venting smoke and flames in a manner that can ignite nearby materials as well as other lithium-ion cells... there can be no assurance that a field or testing failure of our vehicles or other battery packs that we produce will not occur, which could damage the vehicle or lead to personal injury or death and may subject us to lawsuits. We may have to recall our vehicles or participate in a recall of a vehicle that contains our battery packs, and redesign our battery packs, which would be time consuming and expensive. Also, negative public perceptions regarding the suitability of lithium-ion cells for automotive applications or any future incident involving lithium-ion cells such as a vehicle or other fire, even if such incident does not involve us, could seriously harm our business.
I guess no one should buy Tesla products as we could die! How could anyone have invested in Tesla stock, given the risk of possible death to it's clients!!!!! laughable.