NorthWest Biotherapeutics Inc (NWBO)

[DownWithPumpers]

This was probably the most desperate one-sided loan deal in the history of biotech stock trading.

The deal is so one-sided that they made NWBO include a provision that they could participate in the next NWBO giveaway.

Think about it for a minute. They forced NWBO to include a provision saying: next time you want to shaft your shareholders you're forced to include us. And they put it right in the agreement for everyone to see, they have pride in it.

Importantly it also means that if NWBO attempts to borrow money, they'll know in advance and be able to trade profitably before the news is revealed to ordinary shareholders.

4.12 Participation in Future Financing.

(a) From the date hereof until the date that is the four (4) month anniversary of the Closing Date, upon any issuance by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents for cash consideration, Indebtedness or a combination of units thereof (a “Subsequent Financing”), each Purchaser with a Subscription Amount of at least $3,750,000 at Closing (a “Participation Right Purchaser”) shall have the right to participate in up to an amount of the Subsequent Financing equal to 50% of the Subsequent Financing (the “Participation Maximum”) on the same terms, conditions and price provided for in the Subsequent Financing.