NorthWest Biotherapeutics Inc (NWBO)

[longfellow95]

I agree that it is carefully worded. And possibly with the intention of encouraging a certain interpretation.

But that's part of the challenge, reading between the lines!

I think it is designed to make one think that most of this money comes from new institutional investors , who perhaps sees inherent value where others don't.
Well, a majority might only mean 51%.

Personally, I can't see that it matters much whether these are brand new investors, or second time around investors. What is more important is whether those investors intend to dump the shares at the first opportunity to do so legally and at a profit, or whether they actually intend to hold at least until a pivotal trial readout.

And the vibe I'm getting is that they are more likely the latter.

Though it is nothing more than opinion and speculation on my part.