NorthWest Biotherapeutics Inc (NWBO)

[dennisdave]

senti Delaware law clearly and thankfully stipulates that ONLY O/S can vote on an increase of A/S and NWBO acknowledges that

so NWBO can not just push this vote through they will need 510 million voting yes which Im pretty sure they will NOT get under present conditions (thankfullt)

Under Delaware law, the holders of outstanding shares of a class of stock are entitled to vote as a class on a proposed amendment to increase or decrease the number of authorized shares of such class unless the certificate of incorporation provides that such number of shares may be increased or decreased by the affirmative vote of holders of a majority of the voting power of the outstanding shares entitled to vote.

On any matter presented to the stockholders of the Company for their action at any meeting of stockholders of the Company (or by written consent of stockholders in lieu of a meeting), each Holder shall be entitled to cast the number of votes equal to twenty-five (25) votes per Series C Preferred Share held by such Holder. Except as otherwise required by law or other provisions of the Certificate of Incorporation or this Certificate of Designations, Holders shall vote together with the holders of Common Stock as a single class (together with any other capital stock entitled to vote thereon) and shall be entitled to notice of any stockholders’ meeting in accordance with the bylaws of the Company as in effect from time to time.