NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

22m cash was pretty close to my thoughts.

Paying 6.2m to take the Environmental Liability off the books strikes me as a good deal, if only to remove uncertainty.

Minimal Real Estate on the books is not surprising. It would be highly unusual to write up the book value of an asset already owned. This does not say anything about market value.

Mortgage debt paid off about 12.7m

Mehiel loan paid off 5.2m

Ader Bays finally done. Good use of roughly 1m in proceeds.

Some A/P paid down.

Unless you held one of the fantasy positions (47m was a net number even though PR said gross) or (47m war chest going forward), the 22m year end cash balance is a reasonable result.