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Re: anders2211 post# 371108

Tuesday, 04/20/2021 4:52:08 PM

Tuesday, April 20, 2021 4:52:08 PM

Post# of 704668
I'm not suggesting that I have any better information than anyone else on this board, but speaking from experience running 2 public companies, if Northwest already has a deal/ a memorandum of understanding(MOU), the terms are based on a specified number of shares valuing the company at the time the deal was agreed. At that point, the company cannot create additional shares thus changing the terms of the deal. That would be compared to a "poison pill" in a hostile takeover wherein, the company would issue millions of additional shares increasing the cost to acquire preventing the acquisition/hostile!! It's a very good thing we're not being asked to approve a share increase. I'm guessing that the company has negotiated a sale or a partnership with a carried interest. In either case, they wouldn't need any additional funds. And if the partnership route is where we're going, they can always hold a special meeting to create new shares to provide working capital at a "hoped for" much higher share price.The only bad reason that you wouldn't need additional operating funds is if you're planning to "close up shop" and I know that's not the case given all the information that we've received ie: Sawston, new hires.......!
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