NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

There is another way of looking at the warrants. Certainly if the price you pay is $.30 and the stock's at $1, you net 70 cents when you purchase them.

On the other hand, if you have the money today to purchase them, if you believe in the stock today, you can nearly purchase two shares for each one you'd get for the warrants.

If I had the money today, I'd probably buy those shares today, then if I still had the warrants and they were in the money, I could cash in just a few of the shares I just purchased and pay for them if I didn't want to bring more cash to the table. In the end, I'd have a lot more shares for the same money. Of course if the trial fails, it would be a different matter, so it's a choice each investor must make.

L.P. on the other hand may have information that prevents her from purchasing at today's prices. Key people in all companies are limited from purchasing, or selling stocks much of the time because of information that hasn't yet been made public. It could be based on something that might never come to fruition, like discussions of a partnership, any executive would be prevented from purchasing. On the other hand, stock options, warrants, etc that an officer has can be executed according to the terms of their issuance. I believe anyone with the same series of warrants that L.P. has would get the same extension. If I were L.P. and I believed the results would be positive, I'd rather buy shares now for $.17, but I don't believe she can, not right now.

Gary