NorthWest Biotherapeutics Inc (NWBO)

[DocLee]

Biosect & Maverick,

According to you two,

Either Woodford was inept in his handling of his complaint about Management's governance as a result of which the price fell catastrophically or he manipulated the price down by going public with his not unreasonable (but, on the face of it, strategically inept) criticism of Management's governance. He then massively bought low through another company in which his involvement is hidden.

The alternative claim is that Management, when it saw that Woodford might be a threat to their control of NWBO, did not or could not try to maintain the company's share price but took the opportunity (against most shareholders' interests) to issue and sell millions of shares to dilute out Woodford's threat to them but still maintin control of the company by either buying the shares themselves or allowing only their supporters to buy them. (This is how I understnd it to have happened, but am prepared to be corrected.)

Again as I understand it, if Woodford is the evil genius his only dishonesty might be that he ultimately controls far more shares than he publically declares. In that case why wouldn't he launch the takeover or Management change that many people on this board accuse him of trying to orchestrate in the first place?

If, on the other hand, this was Management either allowing the price to fall (or even causing it to fall) so as to enable them to strengthen their hold on the company, would this not be a criminal offence since management has to behave in a manner which is fair to all shareholders and not to just a section of shareholder, ie themselves?

Which is the correct scenario? Is there any evidence is there to support either hypothesis or even a third (or fourth or fifth ad infinitum) ones?