NorthWest Biotherapeutics Inc (NWBO)

[kabunushi]

Large bonuses had been awarded in 2018, those awarded in 2020 were described as covering 2018-2020. Maybe the BoD knew a heck of a lot more than we did in what had been accomplished but my experience was to have had stock I originally bought for a few dollars crammed down to .25 - not totally bad because I wasn't that deeply invested and could then buy a much larger stake at bargain basement prices. But the point is that we were far from having any proof that management was adding much shareholder value even by YE 2020 and progress had been and continued for the next 2 years to be excruciatingly slow.

Importantly the option awards represented significant dilution to my own position and being granted when they were, before any value to us shareholders was yet to be demonstrated convincingly to any degree, those bonuses were IMO excessive and unearned,

If NWBO fails to prove successful, the options might not be worth anything, however if NWBO succeeds and gets to being taken out at a good price they will be worth a fortune. I will also make a lot of money in that case but management will be super wealthy and it will come out of my fair share of the buyout proceeds. IMO by any stretch of the imagination those bonuses before any value had accrued to the shareholders were very excessive.

We should not act as a rubber stamp for everything management does esp when it comes to granting themselves super rich rewards.