NorthWest Biotherapeutics Inc (NWBO)

[TheFollower]

Do you think they would purchase the 5.88 million over allotment at $3 even if the current share price is less than $3 at the end of 60 days? This also allows them the warrants 2.94M later, if need be.
If not, they'll still have to get the shares.
In order to cover, it appears they may need those 5.88M shares. Wouldn't they run the risk of paying much more later on the open market, as you suggest?
The short interest released today continues to rise. (excluding dark pools) It's now 12,511,218 as of 04/15/2016.

The other interesting part of the recent financing is that someone was willing to purchase/wanted shares and warrants for shares of up to 17.64 million shares.

5.88 million shares
2.94 warrants for shares
5.88 million shares over allotment
2.94 warrants for shares

17.64 million shares on the line to an "Existing institutional investor"

I am of the impression that that means a short vulture hedge fund who wants to close down, or the option to close down their position in the most structured way possible.

Shorts clearly don't want to buy on the open market, as that would cut into their profits. Imagine if some wanted to buy 17 million shares (or 12 million according to the short interest per the Nasdaq website last I checked) in the open market, where do you think the price would go?