NorthWest Biotherapeutics Inc (NWBO)

[kabunushi]

We need to understand that there is a difference between buying newly minted shares directly from the company and buying or selling shares on the open market. A company is allowed to give information to a buyer or potential buyer of an offering under an NDA. The potential buyer is allowed to buy shares from the company - that doesn't cheat any other trader. But they are not allowed to use the info by buying on the open market - that would cheat the other party in that trade. They are also not allowed to give the info to anybody else who then trades on the open market because again the person with insider knowledge would be cheating the counterparty to the trade.

The principle is that parties to any trade on the market should be on a level playing field wrt inside knowledge. Some people might feel that it's not fair that anybody may be given any info to induce them to buy an offering or any kind of acquisition or partnership involving buying shares from the company, but that doesn't break the fairness of the trading on the open market and is allowed, again only wrt a deal between the company and a buyer of shares directly from the company.