NorthWest Biotherapeutics Inc (NWBO)

[biosectinvestor]

Great point Gary. One of my concerns about getting too tied up early is the circumstance where a BP has a drug fading in comparison to competition and DCVax-L being somehow tied up, bought out and then offered only paired with their drug.

The reality is there is immense opportunity to stay independent, but the challenge is, they also need money to fund growth and expansion. So the temptation is always to pair up even now with deep pockets. Waiting too long to do it is difficult.

IBRX is not a big pharma and unfortunately, better products are often eclipsed by companies better positioned to market their own product. But I would expect that IBRX might very likely get a lot of interest. Over 80% of the shares are held by insiders. Makes it hard to buy without a very good offer.

There is a sizeable short position versus their actual float, shares available. So it could be difficult to cover. Most shares appear tightly held by a few holding 10% and more, totaling just over 80%.

Recent filings are interesting:

Ownership:
https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001326110

39% here:
https://www.sec.gov/Archives/edgar/data/1326110/000119312524001705/d47784dsc13da.htm

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1326110/000132611024000003/ibrx-20231229.htm

https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1326110/000132611023000147/ibrx-20230930.htm

Last 10K: https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1326110/000132611023000018/ibrx-20221231.htm