NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

Didn't realize that the tax wash rules would be a factor too, since the sale was for preferred shares not common.

Given all the obstacles, was this even a serious offering?

I offer this because I bet several well financed longs were in a similar boat. They saw the opportunity to trim a small piece of NWBO off to offset gains earned elsewhere, and were thus challenged by the timing of the offering. The accredited requirement limited the pool and also biased towards more savvy individuals who play the tax loss swap game.