NorthWest Biotherapeutics Inc (NWBO)

[Smokey21]

The shares are issued/purchased directly from the company.

"Woodford has agreed to purchase, 5,405,405 shares of the Company's unregistered common stock, par value $0.001 per share (the "Shares"), at a purchase price of $7.40 per share"

"Further, pursuant to the terms of the Agreement, the Company has agreed to register the Shares in a registration statement on Form S-3 (the "Registration Statement") no later than two weeks after the second closing, and to use commercially reasonable best efforts to complete the registration of the Shares within 60 days after filing the Registration Statement with the U.S. Securities and Exchange Commission."

Unregistered shares are restricted. Restricted securities are not able to be sold in the open market and are subject to a holding period of at least 6 months. So, Woodford has no plans of selling these shares anytime soon.