Nonsense. They have been under a constant PR blitz against them. In the claims they lay out pricing levels and damage done to share holders. I prefer to turn the tables and use the share price numbers these phony claims have and take that total in a counter. It can fund the company for years.
From OncoLog, June 2013, Vol. 58, No. 6
"Since the U.S. Food and Drug Administration’s approval of temozolomide for the treatment of adult patients with newly diagnosed glioblastoma in 2005, the 2-year survival rate of glioblastoma patients has doubled, from 12% to about 25%.
“Ten years ago, people were not talking about brain tumor survivorship issues,” said John de Groot, M.D., an associate professor in the Department of Neuro-Oncology at The University of Texas MD Anderson Cancer Center. “But this new standard of care seems to have shifted the bar.”
Despite this progress, nearly 100% of glioblastomas recur, usually within 6–8 months. The median survival duration of glioblastoma patients is 16–19 months; their 5-year survival rate is around 10%.
“There’s a sense of futility if you read the numbers. But statistics are just statistics; they mean nothing for the individual patient,” Terri Armstrong, Ph.D., a professor and an advanced practice nurse in the Department of Neuro-Oncology, said. “Our approach to every glioblastoma patient is to control the tumor for as long as we can. It’s something the person is going to be dealing with for the rest of his or her life, and our goal is to maximize the patient’s treatment options and ability to function during that time.”
Not really baffling. Depends who is short and who told you to go short at $4. Been through this many times. Last time the shares jumped up 6 times from the low. Biggest critic was AF back then.
That is a possibility but I still think 2 things.
1. If Woodford is funding again why not take the company private? They offer $12 or more for the remaining shares and no one complains because it is close to the 52 week high.
2. Getting ready to make a deal with BP.
I don't want either but I don't hold the cards. I would rather sell my shares at $60 - $600.
"We are encouraged by the progress of the KTE-C19 clinical trial and excited by the responses we have seen so far. We believe the KTE-C19 clinical findings are in line with previous results demonstrating the potential of this promising therapeutic approach," said Arie Belldegrun, M.D., FACS, Chairman, President and Chief Executive Officer of Kite. "In agreement with ASH, we have taken this exceptional step of providing an update on the trial in order to address recent misinformation in the market related to our clinical program. We are on track to transition to the Phase 2 portion of the trial and plan to present Phase 1 data at ASH later this year."
They write a PR about responses on Aug 17 of their ongoing trial without a formal presentation. Yet for some reason NWBO puts out data they get the threat of a class action. Not so baffling considering we know who keeps pulling the strings.
This threat of a class action is a ploy up to the 26th this month. I bet even if they get a plaintiff it won't go anywhere and thrown out. If not I hope they counter sue.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Let's see how much more NWBO will allow him to gather. Pretty good reason for a consortium to take it private. I hope they don't. I would like to be the one selling in the range of $60 - 600.
Getting nothing but thumbs down today when I state facts. The loan for the facility was taken out by NWBO. Woodford helped with the financing.
I would say the reporting in the financials would indicate it is NWBO's site with Cognate as the contract manufacturer taking residence in the space.
It would destroy the shorts. They would be gone after that and raising money would be based on performance. Then when ready take it public 10X higher than what they bought it for. That is why.
It is what I would do. I hope they don't. I have stuck with them and continue to buy. It would still need to be taken out at a higher price. I think the stock is worth $33 to $55 with a little cash generation.
Unfortunately, he knows exactly what he is doing. Nakita Khrushchev once said:
"I once said, We will bury you, and I got into trouble with it. Of course we will not bury you with a shovel. Your own working class will bury you."
People love that 4 letter word "FREE" and they vote themselves into a nation looking like Greece to finally a society taken over by a strong man dictator.