NorthWest Biotherapeutics Inc (NWBO)

[photonic5]

I debated long and hard about my proxy vote on issue #3...stock options to Cofer.

I really want to believe that he is working stealthy and silently in the background to uncover a massive fraudulent naked short attack against the company. I really want to believe that he has the leverage and the contacts within our government to investigate and present evidence of wrongdoing to the SEC that will end this sort of manipulation, not just against NWBO, but against many microcap biotechs that suffer from the same short selling tactics. I’m sure this work would take time and resources that would be worth pursuing from our government.

I also really want to believe that corruption and big money can’t buy government influence. But I’m also too old and experienced to be that naive. I’ve watched too many episodes of House of Cards and seen too many mob movies. Money buys power and corrupts people. There’s far more money in big pharma than in illegal drugs.

I can’t help but think that Cofer is overmatched here. Putting him on the board was the equivalent of sending in a single DEA agent to take down a cartel. I just don’t see it happening and I’m not sure that failure to expose these fraudulent tactics would be his fault. He’s just one guy who no longer works in law enforcement. Why should we even have him investigating something that is the responsibility of the US government to enforce?

With all that in mind, I voted no on #3. I hope he finds something and puts a huge dent in the practice of naked shorting. If that happens, the government should reward him profoundly, not us shareholders.