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Bored Lawyer

01/04/18 9:49 PM

#151948 RE: Poor Man - #151947

I agree 100% with your post as well! My point was simply that, even if folks were interested, they had to be an accredited investor to get invited to the party! Good luck to you and thanks for your post.
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MI Dendream

01/05/18 12:24 AM

#151953 RE: Poor Man - #151947

I myself looked into the offering, but said pass since I had already taken a tax loss earlier to offset substantial gains in FOLD, After long deliberation I decided erasing my tax bill was worth letting go of stock at what amounts to about a $2 wash price for NWBO.

Thus buying series B was a tricky move to pull off. Now, although my dad too is an accredited investor, it was theoretically possible to pull off a purchase, but the short timing made it damn difficult.

I offer this because I bet several well financed longs were in a similar boat. They saw the opportunity to trim a small piece of NWBO off to offset gains earned elsewhere, and were thus challenged by the timing of the offering. The accredited requirement limited the pool and also biased towards more savvy individuals who play the tax loss swap game.

I am not surprised by a smaller than full allotment, and am hoping to buy back up in the market if the news holds off for my 30 day window. Good news is my remaining share price is now $0.58 after selling those 2014-15 shares. I am a short way to,profitability and a short time from cancer-curing wealth.

Wisconsin-turned Michigan, now Colorado Dendream
"Dreaming about a future with some cancer cured while I ski the slopes in winter and the lake in summer"
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DoGood_DoWell

01/05/18 7:47 AM

#151974 RE: Poor Man - #151947

The follow through took some time and effort to participate. If you were traveling for the holidays or otherwise engaged as most people are at this time, it is understandable that participation was low. And again, Many didn't even know about it.