NorthWest Biotherapeutics Inc (NWBO)

[kabunushi]

15M new shares at zero warrant coverage is now about 1% dilution. Personally I don't sweat that level of dilution. How big a worry dilution really is depends on how long it takes to get news of the first RA approval which probably gets a 300-400% pps gain, meaning lowering the dilution rate by 75-80%. How much cash do they need to get to RA approval? Do any of the posters here have even a reasonable ballpark WAG? Maybe 1 or 2 might be qualified to make that guess. Without knowing that figure I take it that the dilution rate math works out to far less than 'massive dilution' unless they need to raise well over $100M at current share price or lower esp if they have to go back to 100% warrant coverage but we've been far from seeing that. The wailing sounds to me a bit like poor arithmetic skills or concern trolling.

I don't think it's in management's or shareholders' interest to have management predicting time lines for RAs to act even if they could be sure when marketing applications can be submitted and note that they confirmed that being able to apply in the UK depends on first getting the MIA approved. It would feel wonderful to be told we can expect to get first RA approval to get applied for in X months and approved in Y more months but I don't think it's realistic to imagine this management team will give even a ballpark deadline for the same for various reasons. And no management except maybe a Mr E. Musk type is ever going to brag that they are negotiating with financial institution nor with a BP partner before they can actually announce a deal. IMO it's massively naive to expect otherwise.