NorthWest Biotherapeutics Inc (NWBO)

[beachhyena]

Basic explanation is that it took 100's of millions of shorts to lower the price to the level of 16c and at one point 14c. A majority of these short positions were not linked directly to actual borrowed share positions as a standard short position needs to be but a naked short position which the MM needed to cover at a later point once real shares came available. The talk on these boards is that there are still millions of naked shorts out there waiting to be covered and the MM's holding these positions were hoping for continued toxic financing in order to obtain real shares to cover. However now that toxic financing has dried up there is an expectation that once the SP continues to push north the need to cover becomes more and more urgent hence the expected spike driven by Naked Short covering or indeed real short covering as per Milner's recent example of closing out his short position.