NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

How do you see playing games as different from speculation? Whatever the overall strategy, either the shorts are hedged or not.

The 10-K states that the derivative suspensions in 2021 are management only.

On January 15, 2021, the Company further extended the suspension of approximately 256 million warrants and options held by certain officers and directors of the Company until February 28, 2021.

On February 28, 2021, the Company further extended the suspension of approximately 262 million warrants and options held by certain officers and directors of the Company until April 30, 2021.

Since we know that all previous suspensions expired in December, we can infer that all non-management warrants are free to exercise.

It is entirely possible for someone to have a short position hedged by warrants, and still be friendly to nwbo management. There is nothing hostile about shorting to hedge a profit on $0.20 warrants.