I honestly don't understand people like you. You think that what, you heard Linda first and after the "institutions" get around to listening to the webcast they will start buying? Who do you think was in the audience? Who do you think was selling all day? What did Linda say? You know it's sad when Linda asks attendees to read a Seeking Alpha article. Moreover, the author of that article who has been the one bull spokesperson expressly states omits any comment on the validity of the technology. Strange, n'est ce pas that Larry never has once endorsed DCVAX Direct? He knows it's just a ruse, a distraction. From mice to men. And you all herald the new world of immunotherapy but none of you mention the failures a la Vical, or AGEN or the countless others. Do some more research and you'll understand why the stock is where it is. Don't bet the farm my friend.
Remember when Sabby Mgmt reported a passive 10% stake, they are gone. And something tells me Venture Capital will be gone too next quarter. I think they just got so tired of selling stock at progressively lower prices they got the Fox New Channel to do a little pump for them. The stock ripped and voila they sold stock. Good for them bad for the retail guys who followed. Now the institution blows out the stock and where is Oppenheimer? Talk about a squid pro quo! Oppenheimer gives them the coverage in exchange for the fees and the losers are those that listen to this junk analysis. The deal was done at what 4.80 and now it's hanging on to 4 by a thread and the drop is so fast. They just can't get out fast enough as if they know this is if not a scam an untenable position to hold. Notwithstanding all of this, I do think Brain has a chance. I think results won't be known for over a year though so another raise will come. I also don't think any news on Direct will be meaningful. Yes we know it is safe as all immunotherapy is the question is does it work. Months ago people were insisting that as tumor regression was the endpoint and as the study was unblinded results would be known by the fall. Well we are now in the winter and nothing is said of the results. What does this tell you?
As I trader I like the short side here. I have done well shorting the stock. It is the path of least resistance. I think it goes to the 50 day which I think is 3.88. I would cover there but I could see a capitulation down day coming taking it to 3.50.
Sorry I meant IMUC officers (Yu) blew out all his stock. That was an honest typo. See this is how I see it: CLDX did a secondary early in the year and the stock never hit the deal price ( I think it was priced at 7.50 as I recall and the stock never looked back. NWBO does a deal and I understand the game, they take the stock blow it out and keep the warrants. But institutions whom we must concede know more than us, don't do this as they do with NWBO when they believe in the company and the technology. As I have been repeating DCVax Direct just makes no sense to me. Others have tried direct intra tumoral injection with DC matured and otherwise and failed. Immunotherapy is complex and with time perhaps a partially matured DC along with anti PD1 will work along with other agents and therapy. But alone, I think and I'm pretty sure most scientists would agree, DCVax Direct is just a pipe dream. The company likes to cite the UPenn ovarian cancer study (Powers cited this in today's presentation). Do you know who one of the lead investigators was of that study? It was Dr. Cukos who I think it was of preeminent leaders in the space (he is now with an institute in Switzerland). He did not opt to join NWBO but is a scientific advisor with IMUC. Now I am not pumping IMUC. I have traded the stock but think it is destined for failure. This is the best explanation for why Yu sold all his holdings. Of course the counter argument is that Powers is all in. But I have looked up Toucan Funds' investments and they are all underwater. Cognate is being sued by its former president (Toucan has countersued for stealing trade secrets ... whatever) and I believe they have also been sued for failure to pay rent when they are in Maryland. I point this out only to emphasize that she has a horrid history. NWBO has a horrid history. As much as Austin hates me and I him, I am a student of price action. And the action stinks.
I always liked you. I hope you went long at least a few months back before the hype machine they put in effect in order to do the secondary at a higher price for once breaking the trend of incessantly lower secondary offerings. Well, hey you never know. Short interest is huge. Nobody believes in them or the technology. They may be wrong but I don't think so. DCVax Direct to me borders on stupidity. Brain ... we shall see. Compassionate use has been talked about for years and nothing comes of it. If IMUC reports #$%$ top line results in Feb. they will murder NWBO and the fact that officers in NWBO blew out of all their stock is not very positive. Good luck to you my friend. I just like trading NWBO. I have done well on it a few times. I will cover at the 50 day then maybe go long. But I don't see any reason just yet to cover
Because when she talks it becomes clear that the company is ill managed. Take DCVax Direct. There is 0 chance this works. 0. How do I know. Because study the mechanism of action. Again, it may in the long run advance the science of immunotherapy but this is no holy grail. It is better served as a single site small study undertaken by an academic institution and funded by NIH. NWBO did this because they felt they needed to be more than a hit wonder. But instead, they look negligent and silly. So the study has brought them no more attention. It just is a drain on resources. It is a liability. Thus, instead of having a pipeline they have a liability (DCVax Direct) and one drug under clinical development in a Phase IIII trial. Now Brain is a different story. But their mistake was getting sidetracked. So now the market will discount the liability that was completely unnecessary. Look for 3.80 then I will cover AGAIN and maybe I will go long.....
Laughing stock of the biotech world.... Larry Smith won't even endorse the technology only the financials....
This stock is a buy for a bounce at 3.50.
Company is such a joke.... It will be 0 within 3 years....
How they get away with this is beyond me. An orchestrated pump and dump.
Immunotherapy using much more complicated mechanisms of action have failed. Direct intra tumoral injection of a DC matured in vitro will never work. Other's have tried and none have succeeded. NWBO's special sauce is indeed nothing special. I think in the end it will add to the science but it will never get to a Phase iII. It will get to phase II as there are no adverse effects associated with immunotherapy as you are using the patients own DCs. But the idea that it will work is simply not supported by the science. So give that a value of 0. In fact, it is a liability. As for DCVax Brain, the data does support it but the company is getting no where with enrollment. Germany is just one delay after another. Enrollment will not be complete probably for another year. DCVax Prostate that just sits on the shelf and has been there for a decade with no interest from big pharma. If you look up the CEO you will see that everything she has done as been a failure. Yes she must be rich but look at Toucan's portfolio. It is filled with promise and failure. Do some DD and find one success story. The company did raise about 25 million and I knew a raise was coming and said it was coming. I said the company was broke and still I contend they need about 4 million a month. They owe Cognate 11 million for manufacturing the vaccine. It is good they are paying them 1/2 cash 1/2 stock with a cap on where Cognate can sell the stock. This has saved the company by my estimates about 1.5 million a month. Unlike IMUC which only burns about a million a month, NWBO burns 4 times that. Anyway, just look at the incessant selling. It happens every time they do a secondary. The last secondary was better the last 3 but still the stock drifts lower and is now significantly below the secondary price even if you include the warrants. Sabby too was a passive investor with 10% but they blew it out. I am sure Venture Capital will do the same. Look at their holdings in 3 months.
So NWBO gets fox news to pump this pig and then unloads a boat load of stock in your face. The funds that took the secondary dump it like always and down she goes. Nobody believes in the science it is just a trading vehicle. Look for a break of 4 and then re-enter at 3.50 which should be support. It is the same old story. In fact it is quite disgusting. What significant news was there beyond a pump and dump story on Fox? What progress has the company reported? Nothing. Going now on a another year and the German trials have not even started.... Watch the money flow boys and girls and they are dumping...
Strange.. Why not say, good call. Wish I listened to you. Market is at all time highs and NWBO multi year lows. Moreover, they are broke. Think about that. Most companies do a raise when the stock goes higher not lower. You know they need money. They had 1.6 million at the end of June. They raised 15 in July and brought home maybe 13 after fees and payment of a loan. They were burning 3 million a month when they were not paying Cognate. If they are paying 1/2 cash to Cognate now and Cognate is 2 million a month (read the Q) then they are least burning 4 million a month. The German grant was dollar in dollar out (you need to spend a dollar to get a dollar). 4 Million a month when they had 13 means that got at most 3 to 4 months. JULY AUGUST SEPT OCT... They are running on fumes. Its not the end of the world but expect a secondary. That is why the volume is where it is. They leaked it to their favorite investors. They are bailing. The Secondary will be announced before the Q as this is what they have done now 2 times in a row. It will be priced below 3 is my guess or maybe 3 bucks. Then that will be that.
The company is busted you fool! True they no longer have debt but they also are conducting an expensive trial that nobody has any faith in.... Just a waste of money and time.
Down hard on big volume with market breaking out.... The company is broke. How do I know? Because I can read a Q. They raised 15 million in July and as I have been saying burn about 5 million a month. They are running on fumes perhaps an emergency loan from Toucan Capital. Who knows as they never hold a CC. But if past is prologue then look for a secondary before the quarter ends. Now as EVERY secondary is done at successively lower prices and as the last was 3.35, as every investor who held on to this pig has lost money, then expect this secondary to be a doozy. So my guess is 3 dollars with warrants at 3.25. I see the stock settling in at 2.75 or so.
The company was burning 3 million a month but not paying Cognate. With Cognate they were burning closer to 5 million a month and WITHOUT the additional trial (DCVax Direct). Per last PR they will going forward pay Cognate 1/2 in cash or 1.5 million. This is why I know they burn 5 million a month. They raised 15 million in July at which time they were broke. This money will take them through at most October or about now. They are running on fumes. Once again, nobody, and I mean nobody has made money taking part in a NWBNO secondary.... unless of course you immediately sell your stock and keep the free warrants-- which is what everybody does as nobody has any real interest or faith in the company except bio idiot and Austin. The last deal was 3.35 with warrants and this deal will be even worse... My guess its done at 2.90 with warrants at 3.35. The stock will settle at 2.50.
First, I notice anyone who says anything negative is accused of being me. That's the sign of a cult stock. No it must be a conspiracy. It's manipulation. What is wrong with you morons?! Look at a 5 year chart! The stock is basing at about an all time low despite a biotech market melt up yet each day that passes it's nothing more than me (this is the first I've even visited this board since I sold my position). Second, the company is broke. Now listen bio dummy. Look at how the company operates and as past is prologue you'll see every quarter they don't want a CC. Why? Cause it's hard to have a CC when the Q shows 0 cash and an emergency loan. So look for a raise oh in about 2 weeks. It's so transparent the upgrades and the failure of the stock to budge, the endless selling to you fools. Now where will they price it? My guess is 3.15 with warrant coverage at 3.75. The participants will sell the stock keep the warrants so I suspect you will never see 4 again.
Market up 200 points and this pig up a dime on another upgrade! And why? Because like summer street they did the last deal and this is a precursor to another secondary. I'll take a flyer again on ten next dilutive round. See you at 3.15 losers!!!!