sorry for all the confusion.
Is one reason Northwest Biotherapeutics Stock May Fade On Misleading Press Release
Jul. 23, 2007 4:01 AM ET | 3 comments | About: NWBO
On July 9, 2007, tiny Northwest Biotherapeutics (NWBO) issued a press release entitled “World’s First Therapeutic Vaccine for Brain Cancer Commercially Available to Patients in Switzerland.” The release stated that the company received an “authorization for use” from the Swiss authorities and that “DCVax-Brain is the first commercially available therapeutic vaccine for such cancers. The Company intends to begin making the product available to patients in Q3 2007.”
Investors and the press understood the approval to be a marketing approval, and shares more than doubled on enormous volume. Northwest’s President and CEO Dr. Alton Boynton fostered this misunderstanding, stating in the July 9 release:
We are delighted to be the first company to reach the market with a personalized therapeutic vaccine for brain cancers, which carry a very bleak prognosis for patients today. We look forward to providing DCVax-Brain at leading medical centers and hospitals in Switzerland.
A week later, the company issued another press release explaining that the authorization it received was really just for import/export purposes, and was conditional even for those limited purposes. The company now says that the Swiss government has not yet reviewed DCVax for neither safety nor efficacy. Northwest tried to blame the confusion on “certain media reports,” but any fair assessment has to fault the company’s misleading July 9 press release.
My take: DCVax may hold a lot of promise, but it will be years before it is truly commercialized in Switzerland or anywhere else. I think the stock is likely to fade back to $2, retracing 100% of the recent rally, as investors wait for more news. Still, I’m keeping the company on my watch list. This fall or winter, after the company does begin making the product available to patients, we will likely see another positive pr
Sick and tired of waiting nothing to look forward to accept all talk on the Message boards.
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NITE needs to be investigated they have a history of this bs.
July 7 | Knight Trading | $79 million
Knight Trading (nasdaq: NITE - news - people ) announced that it reached an agreement in principle with NASD and the U.S. Securities and Exchange Commission for $79 million. The agreements concerns trading and conduct at Knight Securities between 1999 and 2001. Though the administrative order has not yet been finalized, Knight expects that the company "would neither admit nor deny the findings" in the agreement. The agreement in principle requires Knight to disgorge $41 million in institutional trading profits and pay $13 million in interest and $25 million in penalties.
I heard a rumor that you are http://investorshub.advfn.com/boards/profilea.aspx?user=152287 over on ihub. Does NITE pay you for all of your aliases? Who else are you on yahoo? Full time job I guess, huh?
Zoom you cannot prove jack ,nite is your boss, nite, ubss naked short ..the mms are allowed to naked short. but u knew this already didn't you!?!
Zoom why are you trying so hard? I don't think you are here to buy shares If you wanted to buy shares you would be quite content to let it drift down, just as it is doing.
You have to be getting paid to scream . Who is paying you? Do you work directly for nite, or for someone contracted by them? You are here for a reason zoom!
This will be winner so will kadr bought some today after I read on Tobin Smith's NBT EQUITIES RESEARCH if you can buy KADR it is about to take off the reason it is down to get rid of the depth once everything is settled the stock will take off again and I am hearing it is very close! http://finance.yahoo.com/q?s=KADR
I still think the risk/reward is very attractive at these levels for a mid to long term play. short term we are dependent on news/quarterly earnings to drive any action.
steve stay strong like you are these manipulators will get there day!Steve why would they be here if they don't even own the stock and if kadr is dead LOL...