NorthWest Biotherapeutics Inc (NWBO)

[dennisdave]

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

no thats a lot of bullocks

Let's do some real math

Estimating the potential damages NWBO could receive from this ruling depends on several factors:
Key Considerations:
Number of Shares Affected: The court recognized that 40 million shares were sold at prices affected by spoofing.
Estimated Price Suppression Per Share: In prior spoofing cases, price suppression typically ranges between 1% and 10% depending on the severity and frequency of manipulation. Given NWBO’s historical price range (around $0.50–$1.50 during the relevant period), a rough estimate of price suppression could be $0.05–$0.15 per share.

Total Estimated Loss: Assuming an average price suppression of $0.10 per share, the damages could be: 40,000,000 shares × 0.10 = 4,000, 000
If the price suppression was more severe (e.g., $0.20 per share), then damages could be: 40,000,000×0.20=8,000,000 Treble Damages (If Applied):

Under U.S. securities law (RICO or certain market manipulation statutes), treble damages (triple the actual damages) could apply.
If applied, a $4M–$8M damage estimate could increase to $12M–$24M.

Final Estimate:
Baseline Estimate: $4M–$8M in damages.
If Treble Damages Apply: $12M–$24M in potential recovery.

Market makers (Citadel, etc.) might settle rather than go to trial. In that case between $1 to $1.5 per share isn't that far off.

Further Case Developments:
If NWBO can amend its complaint or appeal the dismissed claims, the damages could increase significantly. However, since 234 million shares were dismissed, NWBO lost the ability to claim damages on a much larger scale.