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Rootjim

04/28/18 9:50 PM

#170641 RE: photonic5 #170634

photonic5 nothing like a good rally for NWBO. Now that the proxy has passed. Shorts will have to live in fear of a spectacular publication. It will put SEC to rest, except for those who interfered with the trial. I am sure Coffer Black has a list. It will be a day of reckoning IMO
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Poor Man -

04/29/18 12:55 PM

#170693 RE: photonic5 #170634

I don't know about a sustained rally, but the stock was way oversold due to seasonal factors and the uncertainty over the vote. There was a big bounce on higher than normal volume, but it was no where near the kind of volume associated with a 21% increase in stock price, as an indication of how oversold the stock really was/is.

Once the publication is released, I expect there will be a fair amount of selling into the rally and another capital raise that might kill it. Also the preferred can convert in June, so there would be profit taking from the new investors, and maybe Cognate monetizing whatever stock it owns, at least the amount that is not restricted in anyway.

There will need to be something in addition to the publication to keep the stock on an upward trend, subsequent to the release of the article.

I agree. We rally next week into the pub. Depending on what the blinded pub says, this could really keep rallying.