NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

There is another possibility to consider, as long as the share price is close to, but doesn't exceed the price of the warrant. That possibility is actually paying slightly over share price to convert the warrants to shares. Why would one do that, because a purchase of tens of millions of shares, or more, could easily drive the share price up to well over the warrant price. The key would be having the resources to do so, in addition to wanting those shares.

Something else to consider of course, wrt our CEO is that she has inside knowledge, she may know that $.22 will be a bargain in a matter of weeks, or months, but with what she knows, she'd be in violation of SEC rules if she bought at this time on the open market. I'm not a securities expert, but I don't believe she'd be in violation to purchase warrants she owns that are due to expire, even if it's at a premium to the stock price. Please correct me if I'm wrong about that.

As for others holding warrants, the same logic applies, if your open purchase would drive up the price of the stock, purchasing the warrants at a slight premium may be a smart move as you're getting the shares at a fixed price as well as providing operating funds for the company.

If the warrants are converted, I don't believe it would be reported until the financials are filed for the second quarter, it would probably hardly be noticed by then. I for one don't believe they're trying to hold the stock down, below the warrant level intentionally, if they were, why would they do an offering when they could have received as much or more money from warrant conversion. I believe it's a nice conspiracy theory, but like so many such theories, nothing will ever be proven.

Gary