This is still my default via ipad. Desktop requires a back door approach to get here instead of Conversations mode.
Did yahoo accept nwbo shares, or insist on cash like Linda?
No one has migrated to IV, so I expect that flipper and senti have gathered the entire inbred group on ihub.
There are a few back doors, but they probably won't last. Overall YF changes are so bad that it seems like a passive-aggressive way to kill off the site.
Unless there is unexpected nwbo news, there may be nothing worth posting about until either the 10-Q for Q2 or the next cash raise.
Enjoy the summer everyone.
Mainly confirms the earlier PR.
One minor difference is that Chardan, the new placement agent, got paid 8% in cash. On past deals Wainwright received a combination of cash and warrants.
You ignored the A/P, environmental liabilities, and convertibles. Pretty much what I expected from you.
You mention 4 different sources. You did not mention the progressively lower prices, with the last couple for less than a month of burn rate each.
With the notable exception of Woodford, nwbo's funding has been very poor quality. Which you already know, but posted your nonsense anyway.
While we're at it, you are also wrong about no debt. From the last 10-Q
Accounts payable 15.1m
Mortgage (Sawston) 11m
Environmental liability (also Sawston, and could be more) 6.2m
Convertible debt (due August, 2017. Interest payments escrowed) 10.6m
Do you know anything about finance?
Small companies are far more likely to go out of business because they are no longer able to pay monthly expenses than because of excessive debt.
There was a report on 60 Minutes in 2015 about Duke researchers using a re-engineered polio virus as a cancer treatment. Does that sound familiar?
As a numbers guy, my first reaction is to calculate an Expected Value from the sum of (probability * value). That's about $0.90 using your assumptions, with most of the value from your case #4.
Have you considered how many shares would be outstanding by the end of 2017 in the home run case?
If nwbo had to fund 18 months of cash burn at the current stock price, it would more than triple shares outstanding (without even considering warrants).
You've clearly put some thought into this. That is a nice change from the more common pulling a huge random number price target out of someone's backside. My point is to think more deeply about the assumptions underlying the 3% and $25 estimates that form the bulk of EV.
Frank is frustrated with the stock and its PUMPERS. Seems totally justified on both counts.
senti ducked a very straightforward question because she got caught BS'ing and has nothing to back it up. Her claim of rudeness is just poorly disguised evasion.
You missed the entire point. All the punters on here claiming "due diligence" are deluding themselves, most certainly including you.
I've worked with the MD/PhD types and fully understand the challenges of biotech investing. They have vast advantages in education and experience over anyone here, yet struggle to get 55% to 60% right.
Any novice claiming to fully understand the science (with incomplete data at that) is a fool.
You seem to think you can learn biotech investing from youtube. Thanks for the laugh.
Dan, you claim to have long experience in investing, but your actions are inconsistent with real experience.
You do not respect risk, but focus solely on return. That's just greed.
Do you have access to all the data necessary to analyze NWBO? Do you have the MD/PhD background necessary to analyze it even if you did have the data? Since the answer to both questions is unequivocally NO, continuing to throw money at the stock (and options) is just silly.
You are vastly overconfident in an investment situation that you do not understand.
I know my expertise as an investor, and I know my limitations. You would profit by learning your limitations.
It is theoretically impossible for an unlevered call option or warrant to be worth more than the underlying share.
Think of a share of stock as an option with zero strike price and infinite expiration. Any call option/warrant with a higher strike price is worth less. Any call option/warrant with shorter expiration is worth less.
So the ask price looks like someone trolling for a stupid market order.
Sorry about that.
Most of the NWBO longs are nice folks stuck in a poorly performing stock.
The folks PUMPING on the JUNO board are mostly ihub zealots. With a $0.50 stock price, they are desperately grasping for any rationalization or potential positive, even a setback by another firm.
Although I still think the Cognate structure and MFN is a scam, let's assume that you are correct.
What if Linda and Les are simply out of their depth and overwhelmed?
- FDA complexity, neither has any experience getting approval.
- Germany HE, neither has any experience. 2 years on, nothing happening.
- Biotech manufacturing, again no experience at a daunting task.
Going it alone is not a viable strategy, and never was. If Linda doesn't realize this and cut a deal, it is hard to see any hope for longs.
Another day, another silly rationailization.
There is zero evidence for a gag order. Just like there is zero evidence for senti's fantasy NDA for Woodford.
I guess at $0.50 folks grasp at pretty much anything. That's not rational investing.
Why don't you go back to PUMPING avxl, which is undergoing a full press PUMP and DUMP just like last October. And one that is working - at least for this week.
I think the last time he was around was trying to PUMP the unspecified "3 parties" while trying to downplay the NASDAQ compliance issue. Obviously that was a dismal failure, and rightfully so.
Fired by a PUMPING group as ineffective, or just too disgraced to post after so many lies?
The hold has been in place almost a year without a significant decline in cash burn. They were lower in 3Q15 (11m vs more typical 17-18) when extremely low on cash, but anything lower would be a surprise. That was when they borrowed from Cognate and Les Goldman short term, with warrants of course.
The warrant liability was cut from 28m to 14.4m last quarter, so I'm not sure it can drop enough further to create a phantom profit. Obviously meaningless either way.