FeMike,
As I said before, “I can’t wait for the next wait” and there were and still are the two separate dates of acceptance and approval. The wait without acceptance news allows the price to be pushed back to baseline. In this case, they are trying to do this quickly within a two week typical acceptance announcement. Baseline uptrend is right near $.60 now so they may not have enough time to get it all the way there but they are obviously trying because longs are not adding to their Roth IRAs or other in big numbers.
The longer wait after acceptance to approval offers an opportunity to retreat again but the pace of that retreat will be dependent upon MM knowledge of pending development/partnership news that was alluded you at the last ASM and they will likely have good knowledge due to influence. If that news gets held up like a carrot by a suitor, the MMs have more time to work. Since timing is not in Linda’s hands by definitive agreement investors need to be prepared for multiple scenarios with approval being the longer term point of price control relief.
I know that flipper44 has reviewed the comments from the last ASM that appear to indicate an announcement after acceptance of the MAA but we must remember that what another party indicates without a definitive agreement may not hold water. Obviously indirect NWBO comments about this potentially beneficial financial agreement with a potential development partner takes the carrot from just being offered to management to investors also. Investor beware the dangling carrot no matter where it was originally offered from ; ). Best wishes.
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