NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Hedging nwbo warrants doesn't damage the company.

Pretty much all of the warrant holders are known to the company, and have provided much needed funding. They're "friendlies".

Given that the average strike price for warrants is $0.28, there is a significant percentage profit. Hedging locks in that profit.

I think some folks were surprised to find out that the short interest was friendlies rather than nefarious types. This was shown in early July by warrant exercise pushing up shares outstanding and shrinking short interest by 6m shares. Of course if the remaining short interest is similar hedging, that invalidates the short squeeze thesis.