NorthWest Biotherapeutics Inc (NWBO)

[TZOR]

Shorts I'll give you this one,

let's assume L is 70% chance failure, and in the event of a failure the stock is worth $3 (Direct still has value), and 30% chance of success (L) would create a price of $24

Failure = $3 X 70% = $2.10
Success = $24 X 30% = $7.20

Weighted average equals $9.30 ($2.10 + $7.20)