Thanks Wod. Don't get me wrong, I've preferred a buyout to anything else but that is a lot of squiggly line drawing to reach that conclusion at this point. I think it might happen sometime post fda/mhra approvals. I think we will be able to straighten out certain squiggly lines here shortly ;)
It might be that they already had a handshake, first refusal, favoured nations deal in place with a buyer, and in that would've been a gentleman's agreement that the company not do anything to hype itself and inflate the share price.
Why in the world would this be a clause, written or understood?
Is the purchasing company hoping to buy NWBO for $2B and that's why they don't want the share price escalated? This makes no sense.
The most bizarre conspiracy theory I have ever heard! Management are colluding with a counterparty to sell the company for less than it's worth? Yeah, great theory!