NorthWest Biotherapeutics Inc (NWBO)

[hankmanhub]

Any money that wasn’t used to run the business, fund the trials, and market via conferences to raise awareness and funds, was then used to build up the Sawston site, as well as upgrade Cognate, the UK, and German manufacturing sites.

Senti, I am a serious long, but one of my major beefs (beside the needless silence for their own self protection, is the phrase I underlined in the quote: "as well as upgrade Cognate." The huge amount spent on Cognate (as well as on Sawston, UK and German production facilities) only make sense if LP believes that they will get AA very shortly - otherwise non of it make sense now! But my larger complaint has been specifically wrt Cognate. Even if LP believes that they will get AA shortly, why did they not spend my (read investor) money within NWBO where I (the investor) still retained ownership of the facility they paid for rather than in a vehicle (Cognate) that was fully controlled (owned?) by LP and in which I (investors) have no share what-so-ever and will make lots of money should NWBO succeed. I will have no share in the huge profits generated by Cognate even though I (the investor) paid for the facility and took all the risk. I am not arguing fraud, as we all knew what was happening - but this can not be seen as fair to investors and might cross the line of self dealing and LP's fiduciary duties to the investors!