NorthWest Biotherapeutics Inc (NWBO)

[thermo]

Yes, I prefer fixed priced equity financing over convertible debt or other structures where the holder has optionality.

Debt could be okay, since it has limited upside and close to equity downside. But I doubt the company would be offered that.

I've expressed this to management. They tell me the use of proceeds (Sawston expansion mostly) is so compelling that NW will make the spread. If their forecasts are accurate, they're probably right.

BUT what really matter are the major milestones we're all waiting for.