I agree with Wuhan.
" if there is lack of disclosure by the company"
IF??? There is a complete lack of ANY type of disclosure except for the risk section in the quarterlies.
Maybe you should read those some time.. particularly the one about PWC as they clearly state they haven't verified ANYTHING and only report what MGT gives them.
This has been going on for weeks if not longer and almost every single day. I don't get it either, but there is lots I don't get.
Just take a look that the quarterlies. BABA has issued $69,000 per employee in free stock in the last year. Upper middle class in China is around 30k US. So they got 69k in free stock? Then look at the valuations of their "investment" companies. Ant Financial gained 17 BILLION in value in 6 months and has the current valuation of AMEX. Lots of made up numbers if you ask me.
While the CEO pays himself millions while living in his florida retreat?
Not a bad retirement really, issue a few non sense PR's, have a very faithful message board pumper while you issue brand new worthless stock for .11 cents each.
Buy up baggies!! Those bills won't pay themselves and you'll get a nice tax loss write off!!
HEB HEB HOORAY!
So Baba Pumper,
How much BABA scam stock did this top china fund manager purchase? I'm guessing ZERO. They know to stay away from this company.
How about milestone misses?
1. Germany reimbursement (3 years +)
2. -L full enrollment by Q2 2014
3. Direct phase two 2 years overdue
4. -L trial halt, almost a year now
5. Woodford down over 100 million
6. Cognate is the company that makes money largely sitting idle doing NOTHING but maintaining a freezer.
7. Power's owns Cognate, so she has done very well financially.
Yep, that must be what is going on considering the last two were at a 20% discount!
I'm just surprised ANYONE would give this company money regardless of the discount.
Cognate gets the whole thing... which is actually Power's, so Power's could care less if NWBO goes under. She has funneled more than enough cash to herself thru Cognate to continue on private when NWBO goes to Q status.
This way Power's and launder a couple of million thru Cogante and back to her account, meanwhile you baggie shareholders have another month of hope of cling to!!
Who Hoo!! Just think, next month will be a full year of -L being halted!!
Another great day I say!! Cash that WAS at a 20% discount!! Gotta hand it to Power's, I didn't think ANYONE would give is company cash again. Must be a surplus of dumb money out there!!
"Estimated primary completion date September 2016"
That must be the date NWBO has to declare that the halt was futility.
The good news is that the stock price probably won't sink that much further once its announced.
That's great! Power's gets a nice shareholder vacation to Germany while sprouting off "striking results and secret sauce".
Maybe she will inquire about Germany reimbursement that is 3 years over due?