NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

I really, really want to believe in management.

But, Linda and Les make it very hard, just by virtue of what appears to be poor planning and execution, at least in my opinion. Today's resetting of the exercise price is not entirely unexpected, since the company has a need for cash through the next couple of quarters. But the low ball price is hard to fathom and probably something they could have waited to do for at least a couple more months via a new capital raise.

But what bothers me most is I never get the feeling that management knows where the company is at any point in time relative to whatever events they're expecting to occur. They totally miscalculate and shareholders get the short end of the stick.

Honestly, now I'm just betting on pure luck that something good occurs on the regulatory front.

Management now needs to seriously consider selling the company.