NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

CT, what you say is certainly true, even if it's wrong. Market Cap would be a much better indication of the size, and stability of a company than share price. A company with a million shares outstanding selling for $5 has a $5 million market cap, it could be Institutionally owned. We with over a billion shares outstanding have roughly a billion dollar market cap, yet we cannot be held by Institutions until our market cap is over $5 billion, as that's where we'll be once our share price exceeds $5. It really makes little sense.

Of course this thinking causes many companies to do reverse splits. While in theory, this doesn't effect the market cap, in reality, market cap almost always goes down after such events. LP has done it before and sworn not to do it again, I believe this is the right approach, grow the company back till it's $5 or more, don't take it lower in the hope that it will rise. In most reverse splits, the ratios are far greater than needed to meet the goal, which often is just $1 to stay on an exchange. Why? Because companies know how negatively a reverse split will be taken, if they're $.55 where a 1 for 2 should get them above $1 they won't do that, most likely it will be 1 for 10 and they'll be lucky to hold a price over $2. More than half of the market cap is lost. In theory it shouldn't happen, but in life it does.

Gary