NorthWest Biotherapeutics Inc (NWBO)

[FeMike]

Please help me to understand why anyone would buy the preferred at such a small discount to common with no dividend and no warrants to sweeten the pot?

My only guess is that it offers some bankruptcy shelter.

I think NWBO has enough assets to pay C holders decently in the case of insolvency.

But yeh, I think in the next Q we see that a lot of these shares are being sold at a larger discount.