NorthWest Biotherapeutics Inc (NWBO)

[QL300]

I don’t believe a yes vote will completely get rid of the case. As of now, the directors deny the options are a “true up”. In order to win on a ratification defense, the shareholders would have to make an informed decision based on the case allegations. In this case, the proxy should say that the options are a “true up”and the shareholders agree to give the “true up”, regardless of whether or not it’s true. The proxy fails to do that so I don’t believe a ratification defense can be accomplished by a yes vote.