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kabunushi

03/14/23 2:12 PM

#576494 RE: biosectinvestor #576483

Advent is also an investor. In 2022 they took $6M in shares in lieu of cash for the performance of development contracts.
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JerryCampbell

03/14/23 3:02 PM

#576502 RE: biosectinvestor #576483

Bullshit! Cognate was not putting money into nwbo. That would be investing.

Cognate took shares as payment when Linda (Cognate) outnegotiated Linda (nwbo) for outlandish rates, and Linda (nwbo) didn't feel like paying cash.

That's as misleading as the "skin in the game" argument when Linda's shares and options were given to her rather than purchased.