NorthWest Biotherapeutics Inc (NWBO)

[Basin Street Blues]

Positive Data with Zero Revenue Comparator Study :

1. Cerevel released positive TLD just over 15 months ago .
2. Their average market cap since the data release has been about $5bn
3. They recently issues $250m new shares PLUS $250m of converts
4. Like for like we should settle at least 50% above their average so $7-8bn m/c or $5.50 pps This estimate accounts for the positives of our manufacturing , but the negatives of being on OTC. (FYI getting up listed will be at least a 3 - 6 month process only starting once we are above $4)