people fail to realize that a snake always slithers on their stomach.so another dilution is to be expected. For those of you posters with rose colored glasses then buy on dips and good luck to you.
If there's a metaphor for that 10Q it's that NWBO is a boat that has sprung so many leaks that they just can't plug them fast enough anymore. It's amazing that it's still afloat. It's sinking fast, and worse, there's no land in sight.
They say in the 10Q to expect TLD after Labor Day, which creates the expectation that it will be soon after Labor Day. But it won't be. It's now August 11 and they haven't even locked the data. They say,
Then they go on to say:
Again, it's August 11. So how in the hell do they expect to release TLD anywhere near Labor Day after these multi-week (which with NWBO means multi-month) processes? It's just insane that they keep throwing these unrealistic dates out there. It burns them every single time, and yet they just keep on doing it.
This 10Q reads like a dog-ate-my-homework excuse manual. They laid out every single COVID excuse they could come up with, which begs the question of everybody has known COVID would affect business operations, so why did you tell shareholders to expect data lock by the end of May, then the middle of June, and then the end of June, and fail to meet every one of those deadlines. It's now August 11 and they still haven't locked data. I especially loved the part about the vendor they owe $100K+ to that they haven't paid because they just can't seem to find the vendor anywhere. It's a joke. Nothing here is reflective of a serious business.
Good management gets things done. The management of NWBO never, ever gets anything done except financing deals that benefit them and their buddies and screw the rest of us common shareholders. They've diluted this stock to the point that even TLD success will mean little. It's a sad state of affairs, and it's all due to management's gross efforts to hide a failed trial.
Now, they've even attracted the spotlight of the SEC with their German tax scheme. Wonder what the real story is there, because what you just read in the 10Q sure ain't it. It's always good to be getting subpoenas from the SEC, isn't it? I think the authorities may have had enough of the shenanigans and are looking for an alternative way to shut down this clown-show for good.