NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Warrant exercise does not affect stock price.

If warrants are in the money and close to expiration, then it becomes necessary to exercise to accrue that value.

If warrants are in the money and still have time to expiration, then it normally only makes sense to exercise with the intent to sell. There is no reason to give up the time value. However, as the warrants get deeper in the money (I think $1.10 stock price vs $0.20 exercise price qualifies), then time value becomes tiny relative to instrinsic value.