NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Let me share an angle I posted on IV back in October.

Might this be a case of Linda Powers being an evil genius?

After the forced conversion, there will be no Preferred shares outstanding. However, Linda can get some at any time because her loan to the company is in the form of a Convertible Note. From the last 10-Q:

The principal and interest of the Convertible Notes are convertible into Series B Preferred Stock at conversion price of $2.30 per share

So Linda converts $2.30 of debt into one share of B Preferred. She is now the sole Preferred shareholder. On any shareholder vote that requires separate voting by each share class, she has full veto power for $2.30.