NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Powers' actions are completely unethical and indefensible. Even her most ardent apologists should be ashamed of this one.

https://www.sec.gov/Archives/edgar/data/1072379/000110465920055770/xslF345X03/tm2018427d1_4.xml


1. This portion of existing warrants held by Ms. Powers was extended in consideration for suspension of these warrants making them unexercisable until Nov. 1, 2020, and for suspension of other warrants held by Ms. Powers making those unexercisable until Nov. 1, 2020 as well. These extended warrants will have an exercise period of 2-1/2 years after the suspension period.


So Linda gives up the right to exercise soon (why would she ever want to give up time value by exercising early anyway), and gets 2.5 years of extension for essentially nothing.