NorthWest Biotherapeutics Inc (NWBO)

[Doktornolittle]

iclight: Regarding Cash to Cognate 2015: Us hopeful longs attribute much of the big $ spending in the Woodford era to the research and development of automated mfg for DCVax-L. This task was likely overseen by Cognate, but subcontracted by Cognate / farmed out to a large degree.

It is possible that Cognate was running in a profitable mode prior to this automated mfg development era and could afford to receive half of the payments as shares. It is possible that the $ sent to Cognate in 2015 went more to mfg development than to vaccine mfg, without the associated margins, thus requiring full funding from NWBO.

Just debating. Not sure what to think. Once again, the change to cash is consistent with Cognate knowing the SP was about to tank, or with Cognate needing all that cash to hire people to do this very expensive development.