NorthWest Biotherapeutics Inc (NWBO)

[maverick_1]

Reverse Splits LOWDOWN:

Ex and I experienced first hand multiple reverse splits where the authorized shares were not adjusted along with the outstanding, providing massive amounts of shares post rs to dump on the market.

YES I saw that happen with two penny stocks BUT THEY REQUIRED SHAREHOLDER APPROVAL:

NOTE penny stocks was NOT an area I spend much time with until NWBO fell below 50cts. which was the last ~2 yrs ago?

)IMUC where I have ~30 posts when it was 50 cts unadj and adjusted well over $20 and now 4cts which I WARNED people of: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144230384

maverick_1 Wednesday, 11/16/16 02:40:36 PM
Re: maverick_1 post# 3589
Post # 3593of 5289
Yet ANOTHER NEW 52 wk LOW! for lots of REASONS beyond just Reverse Split.

All one needs to look at are the procession of my posts over the last 18 mos AGAINST head in the sand types here for logically fundamental reasons which ALL chose to ignore based on supposedly CHEAP! even when in the teenies cents!

Note the Maxim Group's interest merely $ in IBK fees vs that of being a shareholder IN SPITE of the background of the group head analyst!

maverick_1 Friday, 09/02/16 11:37:54 AM
Re: sigma213 post# 3561
Post # 3564 of 5289
Sept 1 SEC 8K filing: REVERSE STOCK SPLIT is IMUC's response to delisting due to <$1:
Quote:
The Company is currently reviewing the deficiency identified in the Notice and has begun the process of preparing a plan of compliance. The Company (IMUC) is considering the option of seeking approval of an amendment to the Company’s certificate of incorporation, which would authorize a reverse stock split, at a Special Meeting of Stockholders.
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11576455&RcvdDate=9/1/2016&CoName=IMMUNOCELLULAR%20THERAPEUTICS%2C%20LTD.&FormType=8-K&View=html

From 8K filed 8/22/16: BIG DILUTION@16 cents was reason for LARGE VOLUME + UNDER WATER:
Quote:
Subsequent to June 30, 2016, ImmunoCellular entered into an underwriting agreement with Maxim Group LLC, pursuant to which it sold 34,550,000 shares of common stock, pre-funded warrants to purchase 12,450,000 shares of ImmunoCellular’s common stock and base warrants to purchase 35,250,000 shares of its common stock. The common stock and base warrants were sold at a combined public offering price of $0.16, and the base warrants were approved for listing on the NYSE MKT under the symbol “IMUC.WS.” The pre-funded warrants were sold to certain investors in lieu of common stock less the $0.01 per share exercise price for each pre-funded
warrant. The base warrants have an exercise price of $0.1921 per share. Additionally, ImmunoCellular granted the underwriters a 45 day option to purchase up to an additional 7,050,000 shares of common stock and/or base warrants to purchase 5,287,000 shares of its common stock. On August 12, 2016, the underwriters exercised the option to purchase 4,478,625 of additional base warrants at a price of $0.01266 per base warrant. The gross proceeds from the offering are approximately $7.5 million.
http://secfilings.nasdaq.com/filingFrameset.asp?FilingID=11558588&RcvdDate=8/22/2016&CoName=IMMUNOCELLULAR%20THERAPEUTICS%2C%20LTD.&FormType=8-K&View=html

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124936031

2)DCTH keeps tripping over itself and has fallen into the Grand Canyon just like IMUC: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dcth&insttype=&freq=2&show=True&time=20

BOTH the above companies REQUIRED SHAREHOLDER APPROVAL for those REVERSE SPLITS TO OCCUR[

IF LearningCurve really did scrutinized NWBO's balance sheet recently their last reported balance sheet was June 30th 2018:
Stockholders' equity (deficit):
Common stock ($0.001 par value); 1,200,000,000 shares authorized; 444.6 million

So do you really think just doing a 1/2 reverse split to get to ~40 Cts will do ANYTHING???

LearningCurve spends his life just like Exwannabe on NWBO and clearly each one of us knows there inherent bias's

AND since NWBO is incorporated in Delaware one has to look at their Articles of Incorporation!

So it would logically appear it MAKES NO SENSE to do the maximum now of a 1/2 Reverse Split WITHOUT Shareholder Approval.

NWBO NEEDS TO GET SHAREHOLDER APPROVAL to do anything greater than a 1/2 Reverse Stock Split just LIKE BOTH IMUC and DCTH DID:

DIFFERENT STROKES FOR DIFFERENT FOLKS