NorthWest Biotherapeutics Inc (NWBO)

[Doc logic]

iclight,

Sorry I didn’t explain for you what cost averaging is. For example you decide to start an investment in NWBO at $.60 with the expectation that in 3 years the price will go to $5. Well the price drops a little so you buy the same amount at $.40. Well the price is being worked down even further while the company waits on a regulatory decision and the price goes to $.23 so you buy the same amount you did as each of the first two lots. So you add up the price of each lot and divide by the 3 equal sized lots and you get a cost basis of $.41. If there is an approval at this point the price reacts to news that draws in lots of speculators that a partnership will be announced or that at least partnership value can be maintained for a significant period of time which drives the price up over $1 immediately and then possibly beyond depending on news shared. At this point that $.41 looks like a really smart move and the start at $.60 was worth it while dealing with unknowns especially when during the intervening two years after news the price ended up being well more than $5. Most investors like that kind of math; ). Best wishes.