NorthWest Biotherapeutics Inc (NWBO)

[Dan88]

My correction in [ ]. Your statements in " " as a whole:

"You should have said "that is no longer correct".

The 2 just reported transactions took place a few days ago, after my post.

For those who misread the form:

Deal A)
. LP loans NWBO $4M at 10%. [yes]
. She has the option to convert the loan to 17.4M (via prefB conversion at 10x) + 8.7 M warrants. [yes]
. She gets as gravy another 8.7M warants [no, you already counted above, because the warrant gets 1/2 the number of shares]

If she can keep the ship afloat that would be a nice deal. Even if stock collapses she still gets paid back at 10% interest.

Deal B)

Somebody (Cognate or somebody in the deal?) owed LP $5M and used 29M Pref A + 29M D2 to pay it off. So the private transaction was done at an effectuive price not much over $.10/share"

[It is Cognate pref A + warrants that were transferred to Linda Powers following Management buyout as part of the deal; the deal worth 0.17 per share, and the warrant gets the same number of shares.

The above two transactions alone if all become common would give Linda Power around 80-90 million of shares.

The bad news is how price had ended at that bottom price around $0.14 ~ 0.17 where in the end Linda got most of her shares plus warrants. She is not trustworthy IMO.

The good news is she (nwbo) first paid Cognate for service, then Cognate paid her (toucan/her personal account), and then she loaned the company from her personal account.]