NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

Let's get real about shares outstanding. Is there anyone long here who doesn't believe that NWBO should eventually achieve a market cap that's well into double or even triple digit billions. If that's the case, why fear growing to the 1.7 billion shares authorized, or beyond.

Sure, most companies with billions of shares outstanding rise to multi-billion dollar market caps before reaching billion share counts, but nothing prevents us from doing it the opposite way. It certainly will take time for NWBO to reach triple digit billion dollar market caps, but our share price would still be nicely into double digits well before that. I'd have no heartburn with a $20 share price, and 2 billion shares outstanding over a $200 share price and 200 million shares outstanding. They are exactly the same market cap.

If reverse splits didn't have such negative connotations I wouldn't care about that, but the fact is they do. Certainly some companies have successfully done R/S's, but in almost every case they lose substantial market cap before rising to higher market caps in time. Often the R/S becomes the first step toward bankruptcy. I'd simply prefer they never do it again.

Apple currently has over 15 billion shares outstanding, I don't believe we'll ever be as big as Apple, but if our shares outstanding did reach even double digit billions would there be an objection as long as share price was at least mid double digit dollars. I'm not suggesting that may shares will ever be needed, but if they were to make acquisitions that investors agreed with, would it be a bad thing.

Gary