NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Anyone who thinks Linda Powers does not take care of herself above all else, check out the Form 4 filings.

Last year the 10-Q included:

"Between February 2018 and April 2018, the Company’s Chief Executive Officer, Linda Powers, loaned the Company aggregate funding of $5.4 million, and the Company entered into convertible Note agreements for this amount (the “Convertible Notes”). The Notes were 15-day demand notes, intended as temporary bridge loans. However, they remained unpaid and outstanding throughout the year.

On November 11, 2018, the Company and Ms. Powers agreed to further extend the forbearance on the notes to a maturity of one year following the respective funding dates. In consideration of the continuing forbearance, the Company agreed to issue warrants representing 50% of the repayment amounts of the Notes. The warrants were anticipated have exercise price at $0.35 per share, and have an exercise period of 2 years. However, the Company has not finalized the terms of the warrant agreement."


Now one of her Form 4 filings says 5 year term and $0.21 strike price.

If that kind of self-dealing isn't illegal, it certainly should be.