NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

The number is close to 400M

Per the 10Q:
186M: Shares outstanding (page 3)
126M: Potentially dillutive securites (p16)

The 4/14 financing:
3M: shares

The 5/26 where the notes were rolled:
9M: shares
16M warrants
???: convert option tackon on outstanding loan

Sabby end of May:
21M shares
17M warrants

That adds up to 376M without counting anything for either that convert deal (and converts count) or the Ader Bays adjustment. In both cases we do not know the terms well enough.

And that is why the 450M authorized share count is in play. Unless LP can pull a rabbit out of her hat, the next financing for $5M and op costs is going to blow through the remaining shares.