NorthWest Biotherapeutics Inc (NWBO)

[Dan88]

Re: Internal investigation(s):

the company has made strident progresses in this front: 1) it has seen Cognate forgive lots of nwbo's debt to it over the last couple of years; 2) finally Cognate bought out management meaning Linda and Toucan now has nothing to do with Cognate legally with Cognate still serving as DCVax-L manufacturer for nwbo (now based on contract), so there will be no longer any "double dealing" in the future, and it has also laid down solid foundation for a possible clear buyout of nwbo in future.

So it seems the part of the internal investigation concerned with good governance is completed and results have been released in an implicit way (see above).

As long as the part of what Mr. Cofer Black is hired to do seems to be in progress. It won't make any sense to take public actions at this point to go after wolfpack. Actions will be taken after the success of DCVax-L program.

The market reaction may be muted because of no details having been known about the so-called management buyout, etc.