The abstract here is NOT a Late Breaking Abstract. Folks whose Late Breaking Abstract has been accepted are finding that out this week. Normal abstracts were selected last month -- that's why Linda was able to say NWBO had an abstract accepted for ASCO.
Is Tourette's syndrome actually a requirement for being an NWBO long?
The fun is just starting here. Get a good seat!!!
No, they probably sold short before they got it, and then delivered the shares they received on the 14th against the short. This is how they do it.
Dude, that language is from the Warrant agreement with the placement agent, NOT the agreement with Heights Capital (that includes the Overallotment Options). Look at your own freaking excerpt. It uses the term "Warrant" in it.
There were no warrants in the deal with Heights -- remember Linda's press release. You doofus.
The big push into Europe for more revenues from the new Hospital Exemption patients (all 5 of them) means that Cognate Bioservices (meaning, Linda Powers) can set up operations in Europe, and charge NWBO (meaning, Linda Powers) for producing the drug. Of course, why actually pay those charges when you can convert them into shares (ideally at a depressed price).
Cognate Bioservices (meaning, Linda Powers) has always been very accomodating in permitting NWBO (meaning, Linda Powers) to convert bills into shares at cheap prices.
As a shareholder, don't you want Cognate Bioservices (meaning, Linda Powers) and the Toucan entities (meaning, Linda Powers) to get as many cheap shares from NWBO (meaning, Linda Powers) as possible?
It was $15 million, ok? And the $17mm overallotment option can only be exercised if Heights Capital stays under 5% ownership. Read the freaking stock sale agreement. They have to dump the bulk of the $15mm they bought just to exercise the other $17mm.
These funds are not buy and hold operations. Under a normal deal where they get warrants, they dump the stock (or short pre-deal if they can get away with it, and deliver deal-bought shares to cover) and either hold the warrants for free upside or sell them, or write options in the market knowing they are hedged with the warrants.
That is PRECISELY what Heights is doing here. They probably already unloaded most if not all of their 2.2+ million shares from the $15 million buy, and they will now likely write options in the market and take in the premium, knowing they are covered by the overallotment if the stock runs up.
It's a guaranteed win for them. They provide capital, and they get guaranteed profit in the structured deal. It's how small biotechs get financed -- on the backs of shareholders.
I don't know if I'd call it pity. It's just an inability to enjoy being right, knowing others are taking it up the you-know-what. It's a character flaw, I know. I think it's a result of my dysfunctional childhood.
I hate it when this happens. A stock I know is a P&D starts to really tank, and in truth I'm not really making much money on it because I don't have the rocks to go big anyhow, and then I start thinking about people here like cumberlandcoach and bballgm and yabadaba who are probably just ordinary people who believe in the company (because they are smart enough to be dangerous but haven't spent enough time in this weird niche to really be able to tell what's real and what's BS).
I then I feel bad. What tiny high there is in simply being right goes up like a poof of smoke, and I feel bad. I don't want anybody to lose their money. I want people not to get killed on this POS. Please don't ride this thing all the way into the toilet.
I could be wrong -- I admit it. It's CONCEIVABLE that shifty Linda Powers, by accident, is actually sitting on a winner. But there is NOTHING I have seen in her behavior, or in the history of this drug, that gives me ANY confidence in a positive outcome here.
Seriously -- if this thing literally went to $0, I would make peanuts on my puts. I hate this about myself -- the fun goes away for me when real people start to get screwed.
Haven't you looked at the chart? The are two big juicy UNFILLED GAPS in the 4's screaming to be filled!
Keep your powder dry. Why pay $5.25 for this fertilizer when, in a day or two, you could get it for $4.25?
I'm just trying to be helpful. It doesn't take a bear to see how broken this chart is.
Don't say that! This is the day when you find out just how LONG and STRONG you are!
You believe in the technology. You trust Linda Powers! You don't need no stinkin' interim results. You just need another PR or two, and that AMAZING ASCO POSTER!!!!
It's going to be AWESOME when the stock gets to $3, and you can hear a pin drop, and you're still so freaking LONG and STRONG, like a REDWOOD standing in the middle of METEOR SHOWER!!!
$100,000,000? Are you nuts? Try more like $1,000,000 in gross (not net) revenue -- maybe.
dinepat203 losing his credibility? What credibility? Next thing you'll be worried about Lindsay Lohan losing her virginity....
Oh my God, I am terrified. "DCVax Direct Phase I trial". Please don't say it out loud. I'll gnash my teeth and grind dirt into my hair.
The positive catalyst jar has been emptied, my dear baggies. All used up on the $15mm financing.
looking4profit, get your Tourette's under control, dude. It's ugly to watch.
You guys just don't get it, do you? A big reason why DCVax was eligible for this stupid Hospital Exemption was because it's a customized treatment -- they have to create the stuff individually based on each patient's tumor cells, right? If it were a mass-producible drug, it wouldn't be eligible.
Maybe I don't give Linda Powers enough credit. She has you guys duped completely. Amazing!
You liked it at $8. You couldn't resist at $7. You smacked your lips at $6. At $5, it'll be like your birthday. At $4, you'll count your blessings, and at $3, well, you're going to LOVE it!!!