NorthWest Biotherapeutics Inc (NWBO)

[Bored Lawyer]

I think the amendment to the Certificate of Incorporation to increase the authorized share count will be approved by the majority stockholders (read: not us) by written consent taken in lieu of a special meeting of the stockholders.

This is perfectly permissible under DE law, but NWBO is required to give the stockholders who didn't sign the written consent (read: us) "prompt" notice of that action, whenever it is taken.

My theory is that the majority stockholders (LP, Toucan, Cognate, Series A Investors and others who are contractually obligated to vote) will take this action by written consent at some point in the future.

My expectation is we'll receive notice that the action has been taken at some point after we've received some decent news (blinded article?), so tha it takes a bit of the sting off of the news that the authorized share count has been increased to [?,000,000,000].

Just my two cents.

[EDIT: Or, as someone else just posted, they'll hold a special shareholders' meeting later]