NorthWest Biotherapeutics Inc (NWBO)

[IkeEsq]

Hey hooffmann6383,

Not meant as a Gotcha, just looked like you were using some odd information. I misread your 1.5 billion as the total number of authorized shares you expected post ASM (when they need to request an increase to the share count). Sorry about that.

The thing is, the company can't have 1.5 billion shares now, much less 1.75 billion, because it is more than are authorized. That is why they need to authorize more at the ASM. So the 14.3% figure doesn't really make sense because it is based on a number of authorized/issued shares that will probably never exist (the point of my 1st paragraph response). If they request an increase in authorized shares, as they did in 2019, it is almost certainly going to include more than they need to cover existing shares. So probably at least 2 billion. In addition, as indicated by their late-2021 loan terms, they are likely to issue stock soon after 'official' TLD because they need lots of cash for a large number of upcoming expenses.

This has nothing to do with math, and I don't have any agenda here more than questioning numbers that do not seem to make sense. If you want to feel differently, that is really your problem.

The 10-60 days in specific to ASMs. It is spelled out in the NWBO bylaws that I linked. It is the same (as you note) as in Title 8, Del. Gen. Corp. Code § 222(b):

Unless otherwise provided in this chapter, the notice of any meeting shall be given not less than 10 nor more than 60 days before the date of the meeting to each stockholder entitled to vote at such meeting as of the record date for determining the stockholders entitled to notice of the meeting.

Sorry, 'Dr. Z' meant nothing to me, as I have never heard of Dr. Z. If you had mentioned iwasadiver, that would have been helpful. As a lawyer, I am loathe to trust double hearsay from people I don't personally know. Especially when the person at the company is not identified.

I appreciate that you and many others seem to think that I am a short out to kill the company because I don't spew enough rainbows and gumdrops. Fortunately, most people's opinions don't mean much to me. What matters to me is NWBO curing cancer patients and me making a $#!&-ton of money on their stock. So, mostly I post responses to what I see as misinformation. Sometimes pro-company, sometimes anti-company. The dangers of over-optimism are almost as significant as the over-pessimism we see here all the time and making overly optimistic statements without anything but faith and speculation to back them makes the work of shorts easier. I am especially sensitive to setting dates the company has not committed to.