NorthWest Biotherapeutics Inc (NWBO)

[kabunushi]

Actually I believe that you misrepresent what I was saying in 2015. I think I was responding to msgs saying that NWBO was in death-spiral financing. It was bad but nowhere nears as bad as a death spiral which is where a company sells equity in the form of convertable shares where the conversion rate floats with share price. That's no longer prevelant but back in the day when companies resorted to that form of convertable they literally slit their own throats because holders of the converts were able to short more and more and as the price went down the converts were immediate collateral for more and more shares they could short. The shorts were given the motivation and means to financially ruin any company that was foolish enough to issue floating rate convertable preferred shares.

I haven't gone back to verify but I'm pretty sure that was the main point I was making. The low priced offerings with 100% warrants were massively dilutive but still they were not fatal as some were claiming IIRC.