NorthWest Biotherapeutics Inc (NWBO)

[attilathehunt]

Here is a simple way to look at it....


If a company has 1B outstanding shares and a MM sells 1B naked shares....How many shares can vote?

The answer is 2B...So, if there are only 1B outstanding shares and voting comes in greater than 1B, then you know there is a naked position.

In this example you would need greater than 51% of shareholders to vote...If only 40% vote (which is the average) that would indicate 800M shares voted(using my example) ...At the 40% participation rate, it would be nearly impossible to size up the naked short position.