Replies to post #824854 on NorthWest Biotherapeutics Inc (NWBO)

[KRISGO]

Galzus, in my opinion, regardless of how much damage was done in those one or two days, the company has continued to suffer ever since. The stock price has never truly recovered, so I don’t think the attorneys’ main focus is only on what happened during that specific period. It’s also about punitive damages and how the company has had to dilute its stock just to survive.
If the exposure were only a few million dollars, I don’t think Canaccord would have settled with Northwest. They likely would have joined forces with the other market makers instead. Let’s see what happens.

If you assume a price impact of $0.50 to $1.00 per share across the whole narrowed share count, that implies roughly $20M to $40M total gross damages before attorney fees and before allocation among defendants.

[Steady_T]

While your calculations may have some basis in reality, I think you mise the real cost of the case to the defendants. That is the discovery and having to reveal a lot of information that they want to conceal. Also the precedent set by a court loss opens the defendants up to many more cases and they very much don't want that.

So, if you will forgive the term, this case has a very large extortion aspect as far as the defendants are concerned.

You are focused on a tree and missing the forest.

When the settlement is finalized we will learn more about it. Whether we learn immediately about any monetary component is an open question for me. My leaning is that is would be material and have to be disclosed. We shall see.

[pqr]

Brazen you make some good points.  I don’t tho see where you have support for a loss of $.50 to $1.00 per share.  I am 100% not an expert but all the language in the SD rulings about long term effect and proximity of trades in time with spoofing events leads me perhaps incorrectly to believe damages would for most trades  (excluding extreme fluctuation days such as May 10) to be in the range of pennies per share.  I will be the first to say that I may be wrong and also that I’m not sure why the mms would litigate so expensively over damages in those amounts.  I don’t see nominal settlements as stimulating a new cottage industry.  Esp amounts that might be subject to an all-defendants non-disclosure and an all-defendants stipulated dismissal. Well see…