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![🟩STAT, is one of your columnists, Adam Feuerstein, colluding with hedge funds?⁉️ ➡️In this post I'll do a cursory review of Mr. Feuerstein's possible collusive activities with hedge funds that are purportedly engaged in illegal share price manipulation. A May 2, 2016 article entitled “Is Adam Feuerstein the most feared man in biotech?” in relevant part, states as follows: Adam Feuerstein (Adam Feuerstein ✡️ ) often targets lower profile “small and medium-sized drug companies…” Further, Adam Feuerstein “isn’t shy about stating — without evidence — that companies are intentionally spinning data or hyping anecdotes to goose their stock.” (emphasis added) The article insinuates that Mr. Feuerstein’s articles move the market. The article: ➡️Let’s look at one such company Mr. Feuerstein has targeted and the statements he made, without evidence. Northwest Biotherapeutics, Inc. Symbol: $NWBO Mr. Feuerstein has been writing about $NWBO for over a decade. More recently Mr. Feuerstein released an article and a rash of tweets about $NWBO’s May 10, 2022 release of top-line data. Mr. Feuerstein’s article and tweets can best be summed up in his own words: “20+ years of investigation and a $1B clinical trial that failed to show a benefit for GBM patients.” See Image 1. Yet, a peer reviewed journal article from 73 authors stated the opposite: “In this study, adding DCVax-L to SOC resulted in clinically meaningful and statistically significant extension of survival for patients with both nGBM and rGBM compared with contemporaneous, matched external controls who received SOC alone.” (emphasis added) The peer reviewed journal article: In fact, before the May 10th topline data presentation occurred Mr. Feuerstein stated: “The NYAS symposium talk (now by Dr. Mulholland) will not contain any new data/results from the DCVax phase 3 clinical trial.” See Image 2. The topline data presentation can be found here: The presentation, despite Mr. Feuerstein's statement to the contrary, presented new data. So, what do we have here? $NWBO is about to release their topline data for a nearly 2-decade trial and Mr. Feuerstein is first falsely stating that no new data will be released and secondly, once the data is released, Mr. Feuerstein falsely claims the trial failed. It appears Mr. Feuerstein is trying to get people to not watch the presentation for themselves so he can then put his own spin on the topline data. ➡️What else occurred on May 9th and May 10th other than Mr. Feuerstein’s false and/or misleading article and tweets? We have the largest and one of the largest illegal share price manipulation days on record according to the $NWBO spoofing lawsuit found here: May 9, 2022 ☑️74 spoofing episodes ☑️Baiting Orders: 632,901 “The Baiting Orders successfully induced the entry of sell orders from other market participants, artificially driving down the price of NWBO shares by -2.623% on average.” May 10, 2022 ☑️100 spoofing episodes ☑️Baiting Orders: 2,883,387 “The Baiting Orders successfully induced the entry of sell orders from other market participants, artificially driving down the price of NWBO shares by -11.77% on average.” “Defendants spoofed the market for NWBO shares on both OTC Link LLC and NYSE ARCA Global OTC that day, driving down the price of NWBO shares from a high of $1.73 to a low of $0.3862. This decline of 78% in the price on a day with positive news about the Company was caused, at least in part, by Defendants’ relentless and brazen manipulation of the market for NWBO shares.” ➡️Were Mr. Feuerstein’s article and social media posts designed to give cover to illegal share price manipulation? They were certainly used as cover. The From the defendant market makers’ filing March 20, 2023: “NWBO also omits that on May 10, 2022—a day on which NWBO alleges “the market learned excellent news” about an NWBO clinical trial, and yet its share price suffered a “staggering decline . . . caused by Defendants’ relentless and brazen manipulation,” ¶ 64—an industry commentator published an analysis of NWBO’s trial data, writing that the results of the trial were “the antithesis of what’s required from any effective cancer treatment,” and actually showed that NWBO’s drug “perform[ed] worse than a placebo.”14” “14 Burck Decl. Ex. 5, Adam Feuerstein, It took years, but the failure of Northwest Bio’s brain cancer vaccine is now in the open, STAT News (May 10, 2022), The Court may take judicial notice of press coverage. See supra n.3.” See Image 3. ➡️Is this an isolated incidence of Mr. Feuerstein's article being used as cover for possible illegal share price manipulation or was the timing coincidence? No. A very quick review of Mr. Feuerstein’s articles show he seems to go out of his way to offer cover for allegations of illegal trading by hedge funds. ☑️Mr. Feuerstein calls the alleged $NWBO share price manipulation “conspiracy theories”. [1] ☑️Mr. Feuerstein, in referencing the allegations of naked shorting by hedge funds, states the allegations are “fantastical” and that there is a “non-existent hedge fund wolfpack”. [1] ☑️Here Mr. Feuerstein spends an entire article offering cover for the potential $NWBO shorts. [2] ☑️Here is another article where Mr. Feuerstein offers additional reasons for the “deep plunge in the value of Northwest Bio shares…”[3] ➡️Mr. Feuerstein went on to call $NWBO’s spoofing lawsuit "nonsense". See: Yet, a federal Judge in the Southern District of New York stated the trading in $NWBO stock bears “all these indica of spoofing.” [4] On reason put forth by $NWBO and their lead attorney, Laura Posner, for the extensive illegal share price manipulation is for the purpose of a naked short covering scheme: "And like here, the plaintiff alleged that defendants sought to benefit from their spoofing by obtaining shares at below-market prices in order to cover short positions established through a related alleged scheme of naked short selling." (Emphasis added) [5] ➡️Then we get into Mr. Feuerstein's unusual behavior Here is Mr. Feuerstein leaving a creepy voicemail with a $NWBO retail investor. See Image/video 4. Or how about emailing a university because a real doctor dares question Mr. Feuerstein's false narratives? See: There is more alleged questionable behavior, but you get the picture. ➡️Which begs the question, STAT, have you looked into this alleged behavior? Rick Berke Linda Pizzuti Henry @angusmacaulay alissa ambrose Torie Bosch lclcl Gideon Gil @lisonjoseph Alexander Bois-Spinelli 🏳️🌈 Jason Ukman Elaine Chen Allison DeAngelis Matthew Herper pharmalot Eric Boodman Angus Rohan Chen Olivia Goldhill Bob Herman Casey Ross @brittwhitmore STAT [1] [2] [3] [4] [5]](https://image.24vids.com/tw-1877093510203191414/ext_tw_video_thumb/1877087902951231488/pu/img/udk-RRoMLabg318d.jpg)
