Replies to post #233076 on NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

I never bought that argument either... I do think he was up to no good... I do think his keeping his shares speaks volumes as to his true view of value here... but there is no such thing as people assume here... that would prevent his Funds from trading the shares, whatever his circumstance... that would never hold back the fund, which is a thing, not a person...as for him as well, such circumstances as people assume on this board preventing him from trading because of some old disclosure... that doesn’t happen either... there is no such thing for this long... but it certainly would not block his fund from acting...

[GoodGuyBill]

Mitchell clearly made two statements:

1. As our previous response confirmed, however, we can confirm that we have not signed anything that prevents us from trading.

2. Sometimes, in the course of our interactions with individual companies, we come to possess insider information which prohibits us from trading in the shares of that company until that information becomes public. We do not reveal whether or not we are ‘insiders’ in this way on any position, for reasons of market sensitivity.

You are correct, Mitchell did NOT explicitly say Woodford had inside info about NWBO. But the second statement does NOT preclude the possibility that Woodford does have inside info. Your point that this second statement was a "generic comment" is not relevant. The comment was part of his answer to a very specific question. Words have meaning.

IMHO, You can NOT, with intellectual honesty, rule out the possibility of NW having inside info given the context of events surrounding the NW/NWBO relationship. Wolf, an indirect agent of NW, DID get sensitive info regarding NWBO (this was around the time of the halt, mind you). LP made this clear in a PR and/or 8K. Another point along the same line is the fact that although NWBO's pps fell from $12 to 14 cents (NW bought at around $5 - $7). NW did not sell (though he had a fiduciary responsibility to do so if he believed NWBO/LP was not worthy of his investment funds). IMO, he either didn't sell because he still believed in dcvax-L or he was hamstrung due to having inside info or both.

I can NOT say that NW has inside info. But, given the mitchell's statement (#2 above), you can NOT say NW doesn't have inside info.

But, given the context of surrounding events, along with mitchell's statement, I think I can make a better case that NW does have inside info. Of course, I am biased.