NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

The damages will be focussed on the 40 million shares. Since that is a 4 months dilution NWBO I think its more like $1.5 or so per share in damages. But that's just a guess.

The 40M shares were most all sold under $.50, eyeball estimate at about $.25 average (exhibit 2 of the SAC). The shares were sold by NWBO at a price based on the close, and that price was allegedly reduced by the spoof, so that caused NWBO a loss. The complaint lists the asserted price decline for each spoof (exhibit 2 of the SAC) and it is almost always under 10%, and often under 5%.

Care to try some math? 40M shares at $.25 and a 10% damage on each. That comes out to about $1M total.