NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

The nwbo "change in control" provisions seem normal enough. In event of a deal, vesting accelerates.

"(c) Corporate Transaction. In the event of a Corporate Transaction, vesting of all Awards, and the time at which such Awards may be exercised, will be accelerated in full to a date at least one business day prior to the effective time of such Corporate Transaction (contingent upon the effectiveness of the Corporate Transaction). If there is a Corporate Transaction and any Award is not exercised, such Award will continue to remain outstanding per its terms except that in lieu of being exercisable forSecurities of the Company, it will be exercisable for the consideration which would have been received in the Corporate Transaction had it been exercised for such Securities before the Corporate Transaction took place."

Since the latest plan was dated May, 2020, I think you safely forget your idea about a near term transaction.

The amendment that seems most concerning is Linda and Les keep extending their expiration date by the same amount of time as the suspension. They've found a way to effectively give themselves infinite duration options and warrants.

They're tight on share authorization due to their own management, and have found a way to spin that problem to their advantage. Evil genius!