NorthWest Biotherapeutics Inc (NWBO)

[kabunushi]

Never mind wrt my query. I read the agreements for previous Streeterville loans and I understand I was wrong. I agree with aperture007's table showing 17.3% APR.

From the perspective of a strong long, at this point in particular I think that the stock is way undervalued and I'd agree with a bet that this will turn out to be a better deal dilution-wise than selling another $10M worth of stock at the current price. Also, I'm not sure they could sell a $10M offering with no warrants, though I believe that the Class C shares have been sold at only a small discount to market and with no warrants.

Actually considering the current number of shares outstanding at full dilution especially, the difference in dilution is fairly insignificant. It's more of a question of what this indicates: skeptics view this as borrowing at horrible terms hence a bearish indicator while I see management making a bet that when they sell shares to pay back this loan, the stock will have appreciated well beyond the borrowing cost. That's very easy to imagine if things are moving forward at all behind the scenes. In either case, we need to see solid progress in the months ahead, and I anticipate that we'll see that well in advance of November. I believe that things are going well and that 'they' can't keep the stock pps suppressed forever.