Replies to post #206482 on NorthWest Biotherapeutics Inc (NWBO)

[XenaLives]

This is the news item I was reading this AM -

The day that StemCells Inc. entered a merger that sent its stock rocketing up sevenfold (albeit to $2.36 per share), the company’s chief executive and chief financial officers effectively resigned, as did three members of the company’s board of directors.

The reverse-merger with Israeli private company Microbot Medical Ltd. was “unanimously” approved by StemCells’ US:STEM board of directors on Monday. Three of the members of the board resigned that day “in connection with the announcement of the merger agreement,” according to the SEC filing, leaving three other members that will continue to serve.

https://www.marketwatch.com/story/stemcells-ceo-cfo-and-three-directors-resigned-the-day-of-merger-that-boosted-stock-sevenfold-2016-08-16