NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

Given almost all his money is already lost selling NWBO will not help Neil Woodford since there is very little recovery he can make while publicly throwing in the towel would generate bad PR that would hurt worse than losing what little money remains.

But by not averaging down in the face of massive dilution and price declines, Mr. Woodford is, just like attrition at a government agency, slowly letting his stake in NWBO get smaller and smaller without taking decisive action that attracts attention.

He is divesting himself by default.

Also bear in mind that if NWBO turns out well, Mr. Woodford still participates in those gains.

I cannot take credit for recognizing this understanding of Mr. Woodford's position first but it is still probably true.