NorthWest Biotherapeutics Inc (NWBO)

[Doc logic]

DoGood DoWell,

Mr. Woodford's terms were at $5.50/share. NWBO's debt owed to Cognate was to be settled on the same terms and not more favorable terms than his as part of the financing deal. If options and warrants owned by NWBO/Cognate/Toucan eventually need to be converted to maintain voting control and Linda Powers and company can not convert enough because they are low on cash, this would give someone like Mr. Woodford an outside chance to take control. Before he or anyone else would do that, he would want key patents in an accessible position and he would want Linda's friends stretched financially. The value of their shares has dropped substantially so their borrowing power has dropped as well. Are you ready for a scorched earth attempt if it should materialize?