NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

There are a lot of lessons to be learned (or relearned). At a higher level, the lessons to be learned are about how a fund manager will use related party transactions, involving other portfolio companies and limited partners, to benefit themselves at the expense of other stakeholders, including common shareholders in the case of a public company.

I’ve seen similar behaviors before, but never to this extreme. That’s why I raise red flags and pull alarm bells. I’m not trying to troll these guys, and I do reach out to them from time to time, but if you don’t let them know you’re watching, they will literally pull the entire rug from out beneath your feet. They really are bad news.

I averaged down too and confirm that’s a bad strategy.