NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

The type of communication you describe between nwbo management and warrant holders would very likely violate Sarbanes-Oxley rules.

The part about tieing up money is also dubious because most (all?) of the warrants have the provision for cashless exercise.

There are two reasons to exercise warrants.

1) About to expire in the money, and need to extract value.
2) Desire to sell

If the warrants still have time value, it makes no sense to exercise and just hold the stock.