NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

I believe the company already has anti-hostile takeover provisions in its bylaws.

But nevertheless, excessive compensation is not a way to prevent hostile takeovers, which really just means a buyer making a tender offer to all shareholders without board approval. If we’re concerned about shareholder welfare, then limiting the dilution that results from those true-ups is a much better strategy. And that means voting against the true-up award with a “no” vote.

I believe their true-up is in the form of options, so those are not even voting shares that would have a say in whether to accept a tender offer or not.

VC Laster has obviously been reading my mind. So as a precaution, I now wear a tinfoil hat to keep my thoughts from escaping.