Correct, and great Top Line data will help potential investors overlook NWBO’s past to some extent but that bad history has driven and will drive others away and that could limit our potential returns or the speed with which we can realize those returns.
Great Top Line Data is a game changer but it is not a panacea for NWBO’s ills.
This is why transparency and better corporate governance are not just annoying demands to help satisfy the impatience of a few retail shareholders, they are essential but not sufficient prerequisites to the long-term reputation repair that is needed to attract big investors if NWBO wants to go it alone or if NWBO wants to get Big Pharma to partner and put millions or billions on the line while leaving NWBO in control.
Given the ego component (or more charitably the sense of mission that goes beyond dollars and cents), Linda Powers might well refuse any arrangement that costs her control even if it would be very lucrative for all shareholders, and with Neil Woodford, how far she was willing to damage our interests to protect her total control was made manifest in terms of a 90% drop we are only beginning to recover from.