NorthWest Biotherapeutics Inc (NWBO)

[thermo]

I wasn’t trying to be insensitive, just practical. Shareholders should not just be yes votes on all issues, such as management compensation, incentive structures, etc. But voting against raising the share cap just leads down one of two paths: (i) the company runs out of money and things that must be done won’t be, or (ii) guys like me workaround the issue.

That said, I’d prefer the company minimize dilution because I would like to see all long-time shareholders get a nice return. I’ve expressed many times to company management how the shareholder base has been instrumental in getting the company through an expensive Phase 3 trial and that the company owes its shareholders every possible consideration (within the bounds of bringing DCVax to successful commercialization). I also think a successful commercialization will lead to a much higher share price.

Overall, I think the company is in a much stronger position than before and there are reasonable scenarios for a little more investment from financial players and then a segue into strategic discussions.