Replies to post #345790 on NorthWest Biotherapeutics Inc (NWBO)

[anders2211]

Thats my point one would expect NWBO assigning accountants todo a full DD on Flaskworks, but if they had done so why say this in the last NT filing:

"due to certain pending accounting on Flaskworks"

apparently, they have not done a full DD on Flaskworks otherwise, there would be no pending accounting.


and if they have not how incredible not smart is that to acquire Flaskworks without a full DD and then later say look we need more time for the 10Q because of pending accounting on Flaskworks

[JRIII]

Yes, you are correct. Flaskworks is literally two people at Northeastern University who designed a device. No one knows if the device works, and there is no manufacturing platform. NWBO bought the device for a couple of million dollars and a few shares of stock. A full endoscopy would take about 10 minutes.

There is a lot more to this delay. But the good news is we know the staff at NWBO worked all through the Christmas holidays and, presumably, on New Year's Eve, too. Rumor has it they plan to work hard all through this weekend and have pledged not to watch any NFL playoff games. Next week the plan is to update shareholders on how hard they are working.