Response to Hoff's impressions from talking with a company representative
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Quote -
Current leadership
- It isn’t about the money
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I have talked to probably the same company representative and will be having one last conversation with them this week. After comparing notes with fellow long-term investor friends that talk to two representatives at NWBO I have decided it is not worth the effort and mental energy any longer - so my last call with them will be a challenge for them if the above statement is true.
If it isn't about the money then why has Linda set up so many companies around NWBO to funnel money from various parts of the process? Below is a list of companies that appear to be somehow related to or invested around NWBO. One could see this as limiting the value of NWBO as these are external to NWBO.
Toucan, Cognate, Advent, Aracaris Capital Limited, Aracaris Limited
If it isn't about the money then why was there a true-up for her and others when the common shareholder did not get a true-up. We had to true-up at our own expense or be diluted.
If it isn't about the money then wouldn't it be easiest for her and the other true-up recipients to just return the shares vs the expense of a trial.
If it isn't about the money then why convert loans from a simple interest return to warrants that could yield millions of dollars.
If it isn't about the money then why not give back all those warrants, options, and gifted shares so no proxy vote for additional shares is required.... thus, shareholders are further diluted or at risk with additional investment to true-up.
I understand there were family members that got both Linda Liau and Linda Powers involved in GBM. However, the only one that seems to be truly altruistic is Linda Liau and her team at UCLA.
I believe Linda Powers is purely about herself wanting to be hailed as the one that got this to the market getting past all the hurdles... mostly self-imposed! She wants generational wealth as seen through all the warrants and various companies she will generate cash flow from. She will not partner with others to move this forward at a quicker pace because she is paranoid from the shorts of the past as one of her excuses, along with Covid and not having resources (funds or people).
If we get past ASCO and have no TLD and top tier Journal article this will crater to the point there will be a need for further dilution as no funds from exercised warrants will be coming in.
She talks "pedal to the metal" but she has talked about the trial being completed in 18 months in 2011..... and 2018, 2019, 2020, 2021...... She got in over her head and is too full of pride to ever state this fact.
One representative stated 1-4 months at three different times last year to various people.... all the 1-4 month windows were different. Of course, attorneys love to hide behind plausible deniability; thus, all the sidebar conversations and no PRs from the company - but they are able to use the shorts as the reason for no PRs not their need for plausible deniability. If they would meet their self-imposed public or private timelines they would have credibility and the shorts would be cut-off at the knees. Instead, they put out high-level milestones (with I bet intermediate steps being added as needed - equals delays) losing credibility.
Many things are out of their control but there seems to be an inability to impart a sense of urgency to others to go the extra mile for current and future cancer patients.
One representative told me I had never worked in this field and do not know the details of what needed to be done in this undertaking. I think it is obvious that Linda, Les, Dave, the SAB, the BOD, and others do not know all the steps either; thus, all the delays as they stumble and bumble their way through this process.
I get that this is a paradigm shift in cancer treatment, many others have failed, and there are many moving parts including regulators (drug and patent) but this has to conclude shortly as many people are dying daily from GBM and every day it doesn't move forward DCVAX Direct is delayed allowing even more people to die! I am tired of seeing friends pass from cancer or go through the current SOC in an attempt to survive.
Sorry for the rant but statements like that "It isn't about the money" is bull squirt when Linda Powers has her hands in so many money pies around NWBO.
In Linda Liau and the UCLA team, I TRUST - In Linda Powers, Les Goldman, SAB, BOD, and the firm not so much.
Will LPowers hide behind covid again and not have an in-person ASM this year? They could do the meeting in a state with fewer restrictions like Texas or Florida. I am sure the ASM will be around June 18th as they will use the full 13 months allowed.
Feel free to throw stones and give me crap but after 9 years being invested, 18 months with data lock, and no TLD yet I believe I earned the right to rant occasionally.
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