This is really a bad sign. The whole idea of NWBO pursuing a JV is now definitely into the water.
NWBO somehow only understands selling securities to retail holders and has zero creativity in getting finances anywhere else even with excellent data in hand. I wonder what Kristyn Power is doing all day.. wasn't she suppose to prepare to get bigger fish in?
Also, the May 10 conference uin NY has not provided any interest so far by BP, although several were present.
Even I'm shocked if that's true. I never would've expected they'd let retail near it. It destroys their ability to control the buyout narrative and opens the door to more class suits. Please help me to understand why anyone would buy the preferred at such a small discount to common with no dividend and no warrants to sweeten the pot? The company is still a goin concern, after all.
With the management lock up of their own options, I believe, then, that the company is not selling any pref Cs at this time which are not also backed up by the current authorized count.
Umibe5690 wrote:"When I inquired as to how many preferred I could buy, I was told “as many as you want.” The number of shares in my subscription agreement was left blank for me to fill in."
This is starting to ruin my day.... if true, it kinda blows the "the Series C shares are being saved for a partnership" out of the water....)-: