NorthWest Biotherapeutics Inc (NWBO)

[anders2211]

On a fully diluted basis (converting all options, warrants), nwbo is already well over the authorization limit. I don't think that is good governance, but it's not an immediate problem.

nwbo also has authorization for 100m Preferred, none outstanding. When they have sold Preferred in the past, it was always Convertible Preferred.

you really have to EXCLUDE the options and warrants that are being held by management. These options and warrants will probably be bought off in a buyout but most certainly will they not legally endanger NWBO. Excl these options and warrants the A/S are sufficient for all commitments made including yesterday's 10Q