NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

I've learned that virtually anything can happen with biotechs at this level with these kinds of problems. I've seen biotechs file 8-K's declaring a default on a debt, just to screw over bad debtors, and NOT go bankrupt, but in fact, get bought out 6 months to a year later. Playing hardball with debotrs in that instance, who were thinking they had power, they did not have...

The notion that bankruptcy is a good thing, or that they are even thinking about it, whether Chapter 11 or Chapter 7, is not really a real notion. It's good chatter on bulletin boards, but believe me, it's not in their calculations at this point, and it doesn't have to be in their calculations at this point.

As for whether they'd have to ultimately authorize more shares if this all continued.. sure, if they got an ambiguous result or a result that still suggested a good chance of ultimate approval, despite being not ideal, I think they'd still limp on...

Those who think, as shareholders, that they would VOTE DOWN such an authorization, would be sabatogeuers of their own interests. I've seen that happen too. I've seen bulletin boards erupt in false "activism" trying to CAUSE a bankruptcy, and thankfully failed in the case where I owned the shares.

In another case that I did NOT own shares, Cellular Dynamics, the shareholders succeeded in screwing themselves out of the company and in ensuring the purchase of all of the IP, out of bankruptcy, in relatively friendly deal to management, by Fuji Japan. The shareholders voted against that authorization and cut off their own noses to spite themselves. They had a very satisfying, temporary pyrrhic victory, and then complained and sued when it was bought out of bankruptcy very cheaply, lock, stock and smoking barrel.

There are not always great options for common shareholders when things get distressed, but this company is not at that level fo desperation yet, and even if there were authorized shares ultimately, I'm still holding, because I don't think it would end in bankruptcy, absent shareholder sabotage, and given my low cost of shares, would probably end up OK.

I look at the chatter and it's always the same stuff. There are no new games. Same old, same old. It would be a shorting hedge fund wet dream to get shareholders to sabotage their own interests and buy super cheap, out of bankruptcy, or to broker that deal. It would be their absolute wet dream, ala the recent sale of Dendreon's assets... for many times what they were bought for, out of bankruptcy.

https://seekingalpha.com/article/4037185-valeant-dendreon-sale-changes-everything