NorthWest Biotherapeutics Inc (NWBO)

[Horseb4CarT]

First, I believe it was some 28 thousand plus C shares at an equivalent common share price of 85 cents per share (1 C = 25 common) for a total price paid of $600K to nwbo.

Jerry has been an outside director of nwbo for a number of years, and he already had a large insider interest in nwbo, second to LP’s holdings.

One can speculate that Jerry investing that much of his money to buy C shares serves a few purposes. First, the money paid for the C shares is paid directly to nwbo and is fully available to nwbo to use which is important to nwbo to keep the lights on.

Second, Jerry’s stake in nwbo is increased and thus his share of success or failure. Maybe Jerry thinks differently but I wouldn’t risk that much more of my cash unless I was pretty confident of success.

Third, it puts more voting shares into friendly hands, although I’m not sure if Jerry would qualify for voting for this ASM due to requirement to be shareholder of record as of __?

So the insider buy is positive.

Some view a negative by thinking Jerry wouldn’t be allowed to make this purchase if he had material non public information such as a partnership or buyout. I’m not sure about how the actual constraints and conditions would play out and which catalysts, etc.

PM may shed some light on this possibility tonight?