NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

Let’s be honest, the Uber ride is mostly for two individuals that represent 70% of the True-up award. Right, the options have to be in the money to be exercised. So it’s all upside for them, with no downside risk. But assuming those options are exercised, common shareholders are seriously diluted, mostly by only two people!

Again, read Vice Chancellor’s Laster’s transcript near the end of in the proxy for how those option awards are viewed by the judge.

Voting for the option awards is actually voting to decrease the value of your own shares by a considerable percentage in the event those options are exercised.