NorthWest Biotherapeutics Inc (NWBO)

[Tony888]

Our research has uncovered that Dr. Navid Malik, NWBO's 2012 nominated independent director, released in 2010 a very bullish research report on NWBO. Shortly after, a company he had just incorporated in Delaware received approximately $5 million worth of shares and warrants of NWBO from Powers' Toucan Fund II vehicle, shares that were subsequently sold by the company.

So NWBO did not provide 5MM worth of NWBO shares to Malik but Toucan did from it's own share and warrant holding. Even if we assume Tucan did this as a payment to pump the stock, this is not an issue for NWBO. Tucan is not NWBO. They are only shareholders.

However, what i think happened is Malik arranged some financing for Tucan and they settled it with shares and warrents of NWBO.