Does anyone know what immunotherapy he is receiving?
It is true that I did have to sell and put them back into circulation in order to load up for more, but it is my belief that many of these LEAP calls were written on the back of warrants by shorts...if I can take even a small portion of the shorts leverage away without sacrificing much my end and put a few dollars into NWBO's pocket to possibly prolong another fundraising...you bet you bet I'm gonna do it.
On several occasions the pps was actually higher than the 2017 call option strike price + premium...so I systematically bought and exercised those...the writers of those calls caught on slower than I would have guessed ;)
No worries...and I agree with your assessment. I just don't have the time or patience to put together eloquent and complete responses to silly and incessant posts...honestly, I don't know how you put up with it the way you do, but thank you. It is much appreciated.
You support my premise that exercising distant calls forces the exercise of warrants....further, assuming many of these warrants are short leverage, it also takes those leveraged shares away from shorts and, at the same time, puts $$$ in NWBO's pocket...
unrelated institutional investors elected to exchange an aggregate of $2.0 million of their existing 5.00% Convertible Senior Notes due in August 2017 (the "Notes") for common stock ("Common Stock") of Northwest Biotherapeutics, Inc. (the "Company") on the terms set forth in the Notes.
Whoever exercised those notes gave up their 5% convertible notes with an August 2017 due date to get their hands on shares...sound desperate?
The convertible debt was entered into in August 2014.
They didn't hold the notes even for a year AND they received the notes via a distressed financing. Again recall that the August 2014 finance deal had to be re-negotiated due to a dramatic drop in share price prior to the closing of the deal and NWBO was nearly broke at the time.
Also, three of the transactions have presumably already changed hands and the share price has stayed strong and resilient...not indicative of an institutional investor taking profits:
On April 27, 2015, June 10, 2015
On May 13, 2015, unrelated institutional investors exercised, on a net-exercise basis, 228,787 warrants
These are strong indications that what you are seeing is shorts finally covering. I wonder who will be left holding the bag?
Herbieherbstreet is astutely correct...I am no shark... however, is anyone young enough here to have heard of crowdsourcing? If we use crowdsourcing to force the shorts hand by exercising in-the-money long-term calls...and if the science is truly sound, as I believe that it is, then this is a win-win.
I would like to try an experiment that requires a small amount of sacrifice...I believe that many of the 2017 call options are highly leveraged by shorts that also own a substantial amount of warrants as a safety net. I believe that premature exercise of these options will substantially draw down the shorts ability to manipulate. To test this, I request volunteers to exercise their 2017 call options just before a pending options expiry...I have 100 2017 call options at a low enough exercise cost that I am willing to give up the premium. For this to work, it needs to be in concert, happen just before the pending exercise date, and represent a significant fraction of the daily volume. The potential result would be a spike in SP just before expiry...or a lot of pain to the shorts to prevent it...Any takers?
Wow, this board has gotten cluttered...do any of these people even know what an immunotherapy is? Hey people....ever heard of interleukin?
Pyrr putting on the sheep's clothing..."I'm not Michonne..." yeah right. How are those puts treating you? I would post on iHub about this...but I have been threatened by admin over there.
Get ready for a new alias to meet the board...it will quack like a duck, look like a duck, walk like a duck...but talk like Pyrr, Mich, JM---
Michonne + Pyrr + post 35614 at ihub:
This BB, SP daily movement, and Pyrr...the origin of this post involves a discussion of whether or not posts on this BB can actually influence the share price of NWBO. I do not have an account here, so it will take some time for me to track down the specific posts (feel free to take it upon yourself...anyone who has an account here).
Pyrr, who...used to be influential here...started bashing the stock and then later revealed that he bought a substantial number of July puts...and then claimed that it was ludicrous that posts on this BB can influence the SP of NWBO...I argued to the contrary and several posters agreed that if #$%$st the investors that they knew sold it would indeed significantly swing the daily share price of NWBO.
Pyrr then disagreed and, to debunk my argument, vowed in post 33812 to not post here until after his puts expired. I think we all know how that went, but for fun, post 33812 is below in its entirety.
Here, I want to prove a few points, and also give myself a reason to use my time better, so I will not post on NWBO on this message board or any other until after the July puts expire.
Here we are at a very high market cap (for this Co anyway), and there are plenty of suspicions on whether or not that can be influenced by casual posting (even though it ran up to this level despite any of my posts. But I digress..). So let's test it out. I think the share price will be back below $7 by then, for all of the reasons I've outlined. I'll be trading other stocks and not trading NW in any way during that time either. This will give the boards a complete reprieve from a source of bearish points. And the Bulls here and elsewhere can post away on their views of when/why NWBO will succeed, and I will say nothing.
Know what else? I won't even read the boards until then. Not one late night guilty click.
I'm not saying I'll come back in July and post non stop bearish posts either. I'm #$%$
They are just pointed enough to require a response by NWBO...good, bad, or indifferent. I still don't think those July puts are treating you very well...again...good luck with that.