NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

I don’t know, Mav. The financials just show a cash strapped company that quickly needed $3 million in hard currency (American) and couldn’t wait to complete a proper share purchase agreement. This occurred just on Monday, Good Lord.

The share purchase is with either an insider or one of their angle investors that trust them enough to disburse cash without a final signed and effective agreement in place. Again, one of these really odd transactions they often enter into. And there’s certainly plenty of room for monkey business in these situations. (Sidebar: One category that remains mysterious is the continuing high level of general & administrative expense for such a small company?)

The 10Q reminds me of a damp dish towel that’s being wrung dry of all of its remaining moisture. If management doesn’t enter into a BP deal very soon, this will get increasingly bad for investors. Being so short on liquidity is a terrible negotiating position to be in, so my hope is there’s an agreement already in place.

That is the hope, anyway,

Pray for rain.