NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

Big plans for a mere $1,279,885

Now given that NWBO was almost out cash right now, we cannot add too much to this number.

And so with just $1,279,885 they plan to fund the fund the following?:

Preparing Phase 2 trials
Initiating Phase 2 clincal trials
Working capital

NWBO simply cannot do all three things in any meaningful way, even for the next month without raising a lot more money.

I worked in an organization that tried to spread a similar amount of money far too thinly and I can tell you: it didn't work.

So let's call the references to Phase 2 what they are: feel good stuff that sounds great but will produce little tangible result.

Before you discount that, remember that Mr. Goldman did the same early this year when he promised us a busy 1st quarter after a painful cash raise and NWBO turned around and did nothing and PR'd pretty much nothing.

So what does that leave NWBO to spend this $1,279,885 on?

Working capital

What does that mean in practical terms?

Since NWBO is so silent that is anybody's guess. Probably they are figuring out how to manage the next capital raise.