NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

Here’s my concern with acquiring Advent.

First, I believe it’s the correct thing to do in order to eliminate the related party conflicts of interest. And in fact may be required by other parties, such as Nasdaq/NYSE or institutional investors. But the fear is Linda Powers will use this transaction as a vehicle to enrich Toucan and herself by making NWBO purchase Advent at an inflated purchase price…after NWBO shareholders have effectively funded Advent and should have owned it outright from the start!

But there’s no way Linda Powers is handing over Advent without shareholders having to pay for it a second time. That’s how she rolls. So hopefully the Board and shareholders at the very least receive a fairness opinion from a reputable FA. Otherwise there will be another lawsuit in the offering; and even then there still might be one.

And as a sidebar, NWBO acquiring Advent is tacit admission that all the critics of the Toucan and Advent relationship have been right all along.