First, NWBO will shoot up a little (in absolute terms as at this price level percentages are inflated) because existing investors and maybe new ones think it should. Management will do nothing to help out the shareholders old and new fighting for the company.
Second, Some ‘longs’ and definitely traders know the time-worn pattern and will sell out instead of HODL even if what they tell people is the opposite.
Most or all the gains will be lost if not the same day then over a period of time.
Many of these ‘longs’ and traders will blame the share price decline on manipulation and not talk about their own role or the fact that management could have helped legally amplify ASCO and sat on their hands (again),