Replies to post #149238 on NorthWest Biotherapeutics Inc (NWBO)

[JRIII]

What they wrote in those press releases was accurate, but if everything mentioned in those releases occurred as described, then what it means is that right now there is a lot of work going on behind the scenes to bring this product to market. The best way to ensure that happens successfully and without compromise is to operate in quiet mode. Everything that we have staked our hopes for a better world on, and our hard-earned money on, is now at the end game. That end game involves a very careful, deliberate process of review, analysis, review, analysis, and then more review and analysis until conclusions are drawn and papers are written and published. It takes a lot of time – perhaps many months – and any misstep along the way can jeopardize the whole thing. That's why silence is golden right now. When companies make meaningless statements like "the process is ongoing" just to appease a restless audience, it can do serious damage and end up exacerbating the perceived problem. Do you think anyone on this board would be satisfied with that kind of statement? Ha, not likely. And saying anything more than that could be perceived as manipulation. At this stage of the product trial and review, I can assure you that the SEC will be taking a close look at any public communications this company makes. In my experience, company press releases are often "Exhibit A" of shareholder lawsuits. Sure, they can also do good things – inform shareholders and boost share prices – but even the most innocuous-sounding press release carries an inherent risk of backlash, misinterpretation, and/or just plain dissatisfaction from shareholders. I have seen companies send out seemingly mundane and/or routine press releases and have it come back on them in ways they never imagined. Regardless of intent, PR can be very, very dangerous, and right now dangerous is not what NWBO needs. With so much at stake, it's just not worth the risk to be sending out press releases until there is something final and significant to say. I think they are close, but not quite there yet.

[longfellow95]

GGB, like most everybody else, I share your frustrations.

But specifically on the 'investigation,' they stated it would take 'at least 90 days.'

Well, that has proven to be correct, as far as we know. It has taken at least 90 days!

They did not give a timescale for reporting on the findings of the investigation. They did not make any commitment to publically reporting the findings at all, as far as I'm aware.

And they did not make any clear statement about the terms of reference of the investigation.

It's interesting that you called it an internal investigation.

I don't believe they called it that themselves.

And I doubt very much that it was LP's intention to just review their own internal processes and related party transactions.
If I read LP correctly, she wanted the investigation to look outwards and go after the external forces attempting to damage NWBO.
So that would include Phase V, and the shorting 'machine' that uses the well known modus operandi to attack small bios such as NWBO.
Would you employ Cofer Black and Charles Price to just review internal operations? I don't think so.

In fact they stated why Charles Price was appointed:-

Mr. Charles Price has been engaged to be available as a resource for the independent investigation, and to help seek action by the authorities in regard to manipulation of the Company’s stock. Mr. Price is a highly decorated, nationally recognized former FBI Special Agent and certified public accountant (CPA) who retired from the FBI approximately a year ago after a 28-year career with the Bureau,

So if that was the overriding task of the investigation i.e. to look for evidence of illegal manipulation, then what would they do if they came up with a file of evidence? They would hardly release it in a PR.
What you would expect them to do?

Well, I would expect them to turn over their findings to the relevant authorities, which we might expect to perhaps include the SEC and maybe the FBI, and in their words 'seek action.'
At that point, they would be placing themselves in the hands of those agencies, who would take whatever action they saw fit, to their own timescales, and probably with a requirement on NWBO to stay silent.

With Cofer Black expecting an active response, I doubt the enforcement agencies would do nothing.
But who knows?
Maybe there hasn't been any illegal manipulation...

So, we may or may not eventually hear something, but if we do, I doubt it will come in the first instance from NWBO. Though they might seek legal redress from the offending parties eventually.

I do agree with JRIII to some extent.
They should probably resist making statements which, though well-intentioned, heighten shareholder expectations, and then they find themselves unable to deliver.

I'm thinking of the Investigators publication report thingy. Better Marnix Bosch hadn't mentioned it. At least until he could say with some certainty when it would arrive.
But then, MB is a scientist, he's not in charge of PR and investor relations.

With no 'staff' to speak of, there are going to be shortcomings unfortunately.

MB has his work cut out with primary responsibility for all regulatory submissions, and all the planned new trials.

And if he can do all that successfully, he will have earned his stock options.

[aperture007]

GGB, Thanks for telling the facts and great post!

Basically NWBO has very little credibility in the market place because they very rarely deliver. Add this to the lack of transparency and opening the floodgates of dilution to long term investors over the past year, no wonder we are at 27 cents a share.

For years I've been patience and supportive of the NWBO management, but enough is enough. After the lack of followup on the Phase III since June 2017, every long term NWBO investor should be kicking and screaming at NWBO to delivery something.

Don't get me wrong, I belive in the science, want the best for cancer victims and like a return on my investment, but it seems NWBO management can't take it over the line IMHO.