NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

Here’s the problem.

Nobody believes that Congress would allow the US to default on its debt, which would be devastating to the domestic and global economy, and American prestige would be irreparably damaged — Hello China!

But there are some that are crazy enough to let this happen. And it’s the “crazy” in the equation that makes this seem at least plausible.

From the perspective of NWBO, if the debt ceiling isn’t raised, it will be difficult for the company to raise capital and the stock price is bound to take a hit.

Depending on how Merck and other BP are impacted, they would at least defer entering into any significant M&A transactions. But NWBO’s own situation might become so precarious that they could be forced to sell or partner on the cheap.

Hard to guess how it would all play out. There are other scenarios I’ll avoid discussing for now. But beware of a large bird with a colorful beak.

I would normally say this is all a big bluff because of the potential consequences to Wall Street and Big Business. However, there’s just too much crazy now in DC to not take this seriously.

I can’t respond since this is my one post for today. But happy to respond in my After Midnight Post.