This is NOT a binary. 110% chance of approval. MMs are manipulating the stock price big time. PIP Plan secured. Global Manufacturing License secured. NICE is pricing the label as we speak. Lawsuit replead is filed by next Friday. CHMP recommendation by the following Friday.
Shorts and MM Mfrs are in for a huge surprise, imo.
Why is the SP still falling if there is such a good chance of acceptance news just ahead? Some on this board will say there is a 95-100% chance of acceptance. I feel like there is as well. However, I must say I’m getting somewhat discouraged seeing it continue to drop the closer we get.
Don't sweat it ERG.
It's perfectly normal price action.
It's dropping because, contrary to what folks here would have you believe, there is a pretty clear picture of when the big binary (approval) event could happen. And we're still a good ways away from that date. People have been exiting/are waiting to get in because of time value of money. They're putting money to work elsewhere until the potential approval and thus price movement is closer.
The market is expecting news no sooner than late May/early June. So they aren't putting the money into NWBO yet. It's not a lack of faith in the product, it's simply strategic.
Because except 10-12 people on this board rest of the market doesn’t believe anything is imminent . The market maybe wrong . But it is certainly behaving that way . There is no volume , no buying interest , although some here will argue till the cows come home that it is only and only because of spoofing , manipulation etc