NorthWest Biotherapeutics Inc (NWBO)

[FeMike]

They have basically said that an offering is coming with the way this most recent loan was structured.

However, the terms of the offer are going to be contingent on the release of TLD. So connect some dots here.

Their burn rate clearly implies they need cash this quarter. The new loan outlined in the 10-Q is directly tied to the next share offering. It is also contingent on the release of data.

For all of these things to transpire, data would have to be released before the offering is settled.

I think the argument could be made that this Q points to TLD in the next 45 days. Unless a major lender is found to bridge the gap.