NorthWest Biotherapeutics Inc (NWBO)

[hoffmann6383]

Management Cash Bonuses for 2020 (none), 2021 and 2022:

Linda Powers had $400k in bonuses awarded in 2022.
Linda Powers had $300k in bonuses awarded in 2021.

Les Goldman had $300k in bonuses awarded in 2022.
Les Goldman had $200k in bonuses awarded in 2021.

Marnix Bosch had $200,000 in bonuses awarded in 2022.
Marnix Bosch had $125,000 in bonuses awarded in 2021.

Alton Boynton had $100,000 in bonuses awarded in 2022.
Alton Boynton had $75,000 in bonuses awarded in 2021.


What do the financial statements say about said cash bonuses?

(1) These bonuses were for employees’ performance during 2022, and were approved in 2023 but have not been paid. These bonuses will not be paid until the Company feels it is financially feasible.

(2) These bonuses were for employees’ performance during 2021, and were approved in 2022 but have not been paid. These bonuses will not be paid until the Company feels it is financially feasible.

What does this mean?

The narrative that management is milking the company is bullshit.
The narrative that management doesn't have faith in NWBO's success is bullshit.
The narrative that management doesn't have a huge financial interest in NWBO is bullshit