NorthWest Biotherapeutics Inc (NWBO)

[DocLee]

At the very least NWBO's management have shown that they are nobody's pushover even though their style of management has been criticised by many for not being as open as is the norm. This, I presume, is because top management are lawyers and not scientists (in the broadest sense of the word) or financiers.

In an earlier response to a message advocating that NWBO should not settle out of court it was pointed out that the Board's responsibility is to do what is best for the company and that its prime function is ultimately to maximise the financial benefit to the company and its shareholders. I am sure that this is correct in the narrowest definition of the Board's responsibilities. However, I am sure that that any lawyer worth his/her salt would look at such perpetrators as Citadel et al who have been (and may contemptuously still be doing) illegally inflicting damage on the company they manage. Such lawyers would relish the opportunity to grind Ken Griffin's face (and the faces of the other miscreants) into the dirt by exposing their illegalities to the world at large as would happen if the case comes to trial. I would hope that Messrs. Powers and Goldman are of that ilk because the SEC have shown that they have backbones made of jelly and have failed to clean out Citadel's ordure from the Augean stables into which the US financial system is developing (?has already developed?).

Hopefully lawyer Posner is of that ilk and would resist any pre-trial settlement that did not significantly hurt Citadel (and Griffin) by financially castrating them. I hope that this would also contain an admission from them all that what they did was knowingly wrong and not a simple error in their algorithms made by one of their programmers decades ago and of which they were totally unaware until now - no doubt to their feigned surprise.

If Griffin et al declined to admit their misdemeanours I would hope that Ms Posner and Messrs. Powers and Goldman would elect for trial with the aim of financial and reputational ruin of all the miscreants as their objective.