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Thursday, August 11, 2022 2:55:00 PM
But I agree and also believe that in the case of a company building out the manufacturing, having their interest in the success of NWBO aligned is extremely positive and the fact that they are willing and interested in accepting shares a very strong positive validator given how close to the process they are, in fact. They know the probability of success certainly better than we do. So willingness to defer cash income for shares, especially when they probably need cash more, as a small company. That says a lot to me.
Plus, again, the company does not have the inefficiency of converting shares, at a discount, to translate and pay a bill in cash when they do not have a lot of cash on hand or any significant cash to speak of coming in. Selling shares today to put cash in their pocket pushes the price immediately down. Whereas they have allocated shares internally to pay a contingent bill, which mitigates that situation. And it is doubtful those shares will even be immediately sold by those friendly recipients when they get them.
All in, it seems like a better transaction than selling shares today into the market to get cash to allocate to an account to eventually pay Advent.
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