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IkeEsq

09/02/21 10:07 AM

#399522 RE: HappyLibrarian #399512

The solution would be for shareholders to seek an injunction from a federal court once the year has past. This could be done pro se.



Ha, ha, ha, ha, ha! People kill me. What is your claim? Individuals can't sue to enforce civil or criminal statutes or to force a government agency to prosecute a case. See e.g. Inmates of Attica Correctional Facility v Rockefeller, 477 F.2d 375 (1973). You can't point to any actual damages, so you have no tort claim. There is no contract between you and NWBO that you can claim was breached. You can file a Shareholder Derivative suit that will go exactly as well as the pointless ones filed in the past. It will probably take about a year or two for the judge to get around to dismissing it pursuant to the defendant's 12(b)(5) motion for failure to state a claim.

At the very least the regulator would have to respond to the filing and at best they might make inquiries with NWBO and perhaps start a clock on how long NWBO can drag this out.

- Nope

A lot of laws do not get enforced unless an impacted party raises the issue. This is true in both civil and criminal matters.

- Nope

ATLnsider

09/02/21 10:23 AM

#399528 RE: HappyLibrarian #399512

That sounds a lot like the Neil Woodford strategy of “let me shoot myself in the foot and then see how that works out as an investment strategy”.

No true long NWBO shareholder, who is truly interested in helping to support new treatment options for terminal cancer patients, and earning a significant return on their investment, would employ such a strategy that would hurt everyone involved, including shareholders.