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Doc logic

04/07/21 11:33 PM

#367861 RE: flipper44 #367843

flipper44,

The only thing that really makes sense is that any American company desiring to do business in Canada must have a Canadian nationals presence if I am not mistaken because of changes in the laws since the 80s. That job for NWBO could have to do with soliciting sales through networking with neuro surgeons working in Canada or seeking to promote investment in NWBO through a Canadian stock exchange perhaps. Since manufacturing is not set up in Canada there must be a pathway created for some funds from operations to remain in Canada. My father worked in Canada for a while and the US company he worked for had to prove a Canadian could not do the job. He was VP of the company at the time and working on labor relations. I do not recall if he was paid in Canadian dollars or US dollars then converted. Best wishes
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X Master

04/07/21 11:40 PM

#367862 RE: flipper44 #367843


I would think a smaller company would need a program director or responsible person for each country. Think about the volume, time zones, tax regulations, language, cultural, and other issues that could and will arise.
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TheNakedGun

04/08/21 5:06 AM

#367884 RE: flipper44 #367843

It could be window dressing, like a lot of things NWBO did over the past 12 to 24 months, if you follow Ex’s and LC’s 'kicking the can down the road and collecting salaries and boni a long the way‘ narrative.

If you disagree with that narrative, the understanding about this hire could be as follows:
-She is Canada based so she will be the liaison person for everything that’s Canada related. After all the Canadian RA is one of the four RAs NWBO is focused on. According to her LinkedIn profile she has experience in dealing with bureaucratic institutions.
-There might be the need for NWBO to have a legal entity in Canada (if they haven’t one already) which would then be in need of a figurehead.
-I don’t want to be disrespectful but on her LinkedIn profile she mentions that she was a Manager at Deloitte. That’s not high ranking I suppose. So she wasn’t a very senior person at Deloitte supposedly. And she seemed to be involved in all sorts of different financial and regulatory activities, i.e. not really specialising in one field like e.g. M&A. To me that would rule out that she would ‚lead‘ any BO preparation or negotiations. But it seems she is used to and knows how to do the leg work. And she is experienced enough to understand how „things work“. That’s where the value of her might lie when it comes to NWBO.

If NWBO is following a strategy of going it alone until success or BO they need more people who understand to do the heavy lifting and who are not as expensive as outside consultants and advisors.

So the hire could make sense for NWBO given the Canadian angle and the simple pair of hard working hands.
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sukus

04/08/21 8:02 AM

#367892 RE: flipper44 #367843

She will help Linda with what Linda requires to get approvals from Canada regulators. IMO.

Does that mean the ... is good? Yes looks like it.