NorthWest Biotherapeutics Inc (NWBO)

[VikingInvest]

Started Monday morning at $1.58, which was based on DL. We moved up almost 40% on absolutely no new events. The move was likely in anticipation of TLD news this week. I know that unsubstantiated rumors were circulating on social media that TLD would be Tuesday or Wednesday this week. We are now back at a little above where we started the week, which is exactly where we should be. I know people who have studied the company more than me, would say that the MC is ridiculously low even at this price, but the market, outside of a few of us, might not know that. As this is a binary event and you need to take the potential downfall into account when looking at valuation, even though we all feel it has been de-risked over last couple of months, we are probably a little low right now, but nothing extreme.

I really don't think we get TLD until after 11/9, so we should not expect a huge rise in SP the next couple of weeks. If we can go up 5-10% a week, I would be happy. I think we realistically end the week around $1.70-80, but that is just a qualified guess and I do not really worry about SP before TLD.

I think that over the next 12-18 months, we have events that could move the SP up a lot, but this will happen over time. RA's approval, Commercialization of DCvax-L, Use of DCvax in other solid cancer tumors, and yes, eventually a partnership or further down the road a BO. LP has repeatedly said that she wants to take this company as far as needed to make sure we don't get bought and shelved by BP, in order to do what's best for patients. We should respect her for that and understand that also means that a potential BO is not realistic to expect in the next many months.

Good luck to Patients, Longs and NWBO