NorthWest Biotherapeutics Inc (NWBO)

[IkeEsq]

RE: erg61

JR specifically is making the ridiculous claim that NWBO management is reaping fat salaries ($500K is quoted repeatedly, it is actually just over $600K for Linda Powers) while hiding bad data. He ignores the fact that they hold $millions in shares that they would, in fact, be dumping if news was bad. This includes millions of shares and warrants they have received in the last couple of years since long after they allegedly knew about the 'failed trial.'

The salary argument is comical because of how completely ignorant it is. Linda Powers responded to this allegation during the 2 Feb 2019 Annual Shareholder Meeting (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146542058)

Question 5: Can NWBO ovecome all of the forces that are aligned against them?

Answer (LG): "We're still here. Lots of people didn't think we would be."

(LP) "I can only give a couple of comments from a personal perspective. Everyone in this company is committed in a deeply personal way to this company and this technology, for whatever their respective, personal reasons are. Nobody would go through this degree of abuse for this long a period of time for a business, and certainly not to collect a salary paycheck, as is regularly suggested on the message boards.

If you are an out-of-work former-PR person who capped their salary at $50K, then a $500K salary seems absurdly high and well worth all manner of trickery to obtain. But Linda Powers has a net worth (from what I read, can't personally confirm) in the neighborhood of $1 Billion. Even at $500MM, a conservative investment strategy earning 5% would net you $25MM per year. $600K is a drop in the bucket when you can earn 50X or 100X that by literally doing nothing.

I suggested back in November (https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159422319) that they were likely waiting on a publication, which others have since explained takes an average of 300 days (maybe more during a pandemic). I still feel that that is a far more likely explanation for the long wait than Linda Powers hoping to increase her net worth by 0.1% before taking a $50MM hit from the stock tanking (and whatever legal repercussions one could face). The recent discussions about redefining GBM also gives an important clue as to how complex this entire process is as the landscape is rapidly shifting, and how important it is for NWBO to cover all of their bases and put themselves in the best possible position to grab as much of the market as possible with their DC-Vax platforms.