NorthWest Biotherapeutics Inc (NWBO)

[Umibe5690]

I do not believe that LP would ever sign a term sheet now or that BP would make any offer. It is too soon. LP has two views: buy now with no reg assurances at a high price or wait and buy when reg approvals are received at a much higher price---your move. BP is not going to pay what LP wants now for blended results. Never happen. They will wait after results. If results are mixed, probably no BO or one at a low valuation for maybe 1-2 billion tops. That's why LP is stretching the trial in hopes of blockbuster results. These are in the long tail and its composition. There has to be confirmation that, as Dr. Ashkans says, the vaccine helps across the board but to varying degrees for broad reg approval. If that happens, then BP will talk. But there is still risk and the burdens of commercialisation. Thus, I believe if there is a BO in those circumstances, it will be in the 5 billion range, relatively soon after results/approval. However, I think LP is stubborn and believes NWBO deserves a much larger valuation. Hence, no BO anytime soon. Even with approvals, I doubt the share price will be over $3 w/o a BO and that won't happen right away. JMHO.