It is a requirement of the SEC that an 8-K be filed within 4 days of a material event, which the NASDAQ notification was - as I've mentioned in this forum and on IHUB more than once. The obfuscation was the release of the two updates that preceded the mention of the NASDAQ notification - hence my use of the term sham update. The market has seen through it. Several investors here apparently have not.
I am also long NWBO but I know a sham update when I see one. I hope when the collaborations are formally released there is useful information with respect to funding that allows this stock to move higher.
You folks just don't get it. This was not an update on Direct or L but a thinly disguised attempt to obfuscate the fact that NWBO has been notified by NASDAQ that the relationship between the Company and Cognate, in at least a couple of instances, is not up to appropriate regulatory standards. NWBO had to file and 8-K within 4 days from April 26th and they did. What they also did was try to pull the wool over investor's eyes by leading with two updates which didn't really update anything.
I'd like to ask this rhetorical question - does anybody really think this update would have been released if they didn't have to file the 8-K???????
I can't believe how gullible and blind so many of you are. Wake up!
So......NWBO HAD TO FILE an 8-K today, so they wordsmithed around potential phase 2 collaborations, said next to nothing about "L" other than that the "issue" should be resolved soon - is that their first use of the term "issue", whcih I take to be a largely negative term - and er....ummm.... we got caught with our pants down with NASDAQ and are in the process of getting bent over our desks for a good _______________ (fill in the blank)
Well - I don't like the NASDAQ part of the news and I don't like the use of the term "issue" to be resolved for the Phase 3 trial - all in all a mixed bag
Agreed - I have to vent for a second here - the IMPOTENCE of the SEC is so institutionalized its just taken for granted that nothing will happen. I pay a lot of taxes and it infuriates me that our government doesn't function. But oh, wait, I forgot - we can vote for Donald Trump, Hilary Clinton Bernie Sanders, Ted Cruz, does anybody even know Kasich's first name (John?) and they will fix things. The shenanigans going on over the last few years should be an open invitation for a thorough investigation - its not like its not happening in public.
Anyway, the end game is near - lets see what happens over the next couple of days.
My heartfelt apologies - I see now that you identified yourself at the bottom of your original post - it's been awhile since I've made it all the way to the bottom of one of your missives. I was wondering how long it was going to take before the board caught on to the egkainia handle. Unlike most posters I appreciate your willingness to provide a well-thought out alternative interpretation of all issues related to NWBO. I wonder what else I missed from not getting all the way through your IHUB posts. Truth is everything is pure conjecture at this point. Time will tell who is right and who is wrong.
This might be common knowledge, I admit to not following this board much anymore, but egkainia is your old friend Pyrrh from the IHUB board - again, apologies if this is well known.
I was referring to the 5th Dimension singing the Age of Aquarius, although now that I think about it, I might have gotten them confused with the Mamas and the Papas and Mama Cass.
The slimy means by which the shorts will be allowed to cover their positions is now in play - that's all this is - the share price will go back up when they've been given their chance - I can almost hear the folks at the SEC snoring from where I sit.........April adcom can't get here fast enough, then May - these kids have waited long enough.
I'm well aware of the announcements - after all, you post them diligently on every biotech stock message board - at least all the bio's I own - so why can't the stock hold its gains? Ever. People should be buying this hand over fist - but they're not. Why????? This discussion should be taking place on the CERS board - apologies to the NWBO folks. I'm curious if anybody else has bought into this once in a lifetime stock???
This stock can't hold its gains - it has 9mm revenue per quarter and loses money. What makes you think this will change? I want to buy this stock but I can't pull the trigger for the reason mentioned above. It seems like the market knows something that others don't. So why is the share price so skittish?