Replies to post #288081 on NorthWest Biotherapeutics Inc (NWBO)

[survivor1x]

Sounds like to me we are getting bought out. No need to have the redundancy of CFO. You can speculate and so can we. But we are what 10 days or so from data lock and then another t minus 29.

The clock is ticking.

[Andy2018]

No shares available to cover. Go talk to Scotty. I know all you guys failed to manipulate for weeks.

[JerryCampbell]

CIO is still a C-suite job, but still an odd development. It seems obvious that the upcoming nwbo 10-Q either contains something that Davis would not sign off on, or excludes something she thought necessary.

I think Jean Davis had solid credentials (CPA, audit, etc.) for CFO and CAO. Not so much for CIO which ought to encompass more than just Sarbanes-Oxley.

[skitahoe]

Those were my thoughts as well, I don't know if it had to do with the German problem, or something else in the 10-Q, but this eliminates a disagreement between the CEO and CFO, so I would expect the 10-Q very shortly. I wonder if this creates a red flag where the SEC may want to speak to the former CFO.

L.P. is an attorney, she may come close to violating the law, but I suspect she can justify her position and while it may be shady, it's not illegal. Clearly the former CFO may not have agreed.

Gary

[TiltMyBrain]

She did not quit the company. Read the post again:


Jean Davis, who has been serving as Northwest Biotherapeutics, Inc.’s (the “Company”) Chief Financial Officer (“CFO”), Chief Accounting Officer (“CAO”), as well as the interim Chief Information Officer (“CIO”), has been appointed the CIO and is relinquishing her duties as CFO and CAO effective immediately, to focus on CIO duties and special projects such as the design of Sarbanes-Oxley controls. Linda Powers will resume acting as CFO and CAO, with accounting and financial reporting functions performed by an external firm and the Company’s Controller as has been the case historically, until a new CFO is hired.

[anders2211]

ex do you know how many times NWBO missed reports the last 2 years?
Thanks for answering

For OTC stocks, companies that have failed to file timely reports three or more times in a two-year period cannot be quoted by FINRA-member broker-dealers.

[GoodGuyBill]

CIO is a c-suite job.

[sentiment_stocks]

I don’t think your idea that Jean Davis didn’t want to sign off on the Q is it at all. It’s more that she was wearing the hats of three separate positions - CIO, CAO, and CFO - which is simply too much work for any one human being. How can just one person fill all those roles and find any time to sleep, let alone have time for anything else but work?

As far as the late Q goes, they were likely on time for filing because of the hard work Ms. Davis was putting into getting the filing completed - only to have this very obscure (as of yet unknown to any of us what it actually is) German tax issue come up.

Still, and regarding the departing from her position Jean Davis, I think we’d find the company chose to whittle down her position to a more manageable one, and they thought that perhaps her rather massive skill set was best suited for the CIO position.

[biosectinvestor]

A noisy exit is not completed the way you suggest, and if that were the case, she’d be obligated to do more, given certain professional issues. I think you’re spinning. I doubt shorts will stop speculating and spinning, because that is what shorts do.

More likely, in my opinion, there is something else going on, I can speculate on reasonable possibilities, good for both her and the company or not, but I don’t want to do so, but this has never stopped shorts from going to any possible dark corner.

It could be any of myriad things.

However, the fact is, there is certified accounting firm that has been doing what it does and a licensed lawyer as the CEO and CFO, signing any such documents for the public and SEC. There are other multiple people also likely involved at NWBO, who are responsible people. If it were as you suggest, I doubt circumstances would have played out as you suggest.

I choose not to go into more detail also because, regardless of the lack of information, I doubt anything more substantive would influence shorts and would surely just give them more nonsense to spin.

The issue will be put to rest shortly. So it is really just bulletin board hot air for now and so speculative as to be meaningless.

COVID19 has many companies dealing with challenges in regards to putting out their financials and reports. If NWBO is dealing with a governmental office, possibly tax, in this moment related to a non-US issue, which in my opinion, is, given that they really don’t make revenues of any measure, likely to be more about details or receiving something back (maybe a special tax status) than about a major financial issue, IMHO, then I suspect that they may see it as worthwhile to hold up and get things right.

I doubt any short speculation is with much time but we all know they will be spinning, endlessly, though process to have no interest and yet they have dedicated their very lives to these boards discussing this company. Amazing.

[scotty3371]

Exactly.

[Diamondjim61]

I agree ex.

I had a friend who did some IT work for them awhile back. Whoa! He walked away.

Seeing how incompetent these people are and the lies that they weave turned me off to the whole notion this was anything but rolling scam.

Sure the vaccine is great! Linda Liau is to be lauded. No question. Linda picked this up as vehicle to bilk investors and take a big paycheck for over a decade.

Just my opinion.