NorthWest Biotherapeutics Inc (NWBO)

[CrashOverride]

I believe we will have MHRA approval this year. If management thought it would be next year then they wouldn't be sending their millions of shares to GRATs which cost many tens of thousands to setup in attorney and accountant fees. In my personal opinion that makes a whole lot of sense to do before a massive appreciation in share value. It's ideal to do it when the share price remains low.

Remember that GRATs are specifically designed to transfer the appreciation from the assets in the GRAT during the term. For that reason, it is best to fund GRATs with assets that are expected to experience significant growth during the GRAT term, either through market movements for publicly traded assets or through a liquidity event for privately held investments.

https://www.choateia.com/insights/long-term-planning-a-guide-to-grats.html

If they do it now they may also be able to avoid the gift tax.

https://www.jpmorgan.com/wealth-management/wealth-partners/insights/grantor-retained-annuity-trusts

Management in my opinion clearly believe we will have a significant appreciation of our share price this year otherwise they wouldn't have gone through this effort now.