Replies to post #96480 on NorthWest Biotherapeutics Inc (NWBO)

[sturmndrang555]

Thanks for posting the NW link. I was busy this weekend and did not have time to sift through all the posts.

[austinmediainc]

Another poor performer was Northwest Biotherapeutics which announced it was delisting from Nasdaq, to become an ‘over-the-counter’ 1 stock. This marks the end of an inauspicious year for our investment in this company. We still await a response to the investigation into the allegations of financial improprieties and regulatory failure that we called for in late 2015. We have not had any meaningful contact with its board for some time.
We are often asked what went wrong with this investment and what lessons have we learned. As Neil said at the annual general meeting back in May last year, the decision to invest in Northwest Biotherapeutics was an error of judgement. We were initially attracted to the company’s unique technology. From the outset, we were aware of the potential governance issues but we underestimated their extent. Furthermore, we overestimated our ability to influence change at the company. We will always do everything that we can to ensure positive long-term outcomes for our investors, but this case study suggests that it is not always enough. The governance issues at Northwest Biotherapeutics have continued to conspire to shred investor confidence in the business.

This from a fund that actually tries to make their shareholders money, and have a pretty good track record. It absolutely amazes me that after his investment they didn't give him a seat on the BOD or influence on governance. This should lift huge red flags for everyone, and please spare me the conspiracy theories. Linda could care less about any shareholders.....I hope Woddford takes her for everything she has!