NorthWest Biotherapeutics Inc (NWBO)

[Slave1]

Jerry,

You posted the 2025 10-K and claimed that because the phrase “Flaskworks EDEN” or “comparability testing” doesn’t appear in that single document, the quotes must have been fabricated. That’s not just incorrect. It’s deliberately misleading.

When someone isolates a silence in one filing and uses it to erase clear disclosures from prior documents, they’re not clarifying, they’re distorting.

Here is what was actually said, and where it was said.


From NWBO’s 2022 10-K, filed with the SEC:

“We are working with Flaskworks to prepare comparability testing and validation protocols for submission to the regulators.”🔗 https://www.sec.gov/Archives/edgar/data/1072379/000141057823000185/nwbo-20221231x10k.htm

This is a direct quote from a federally filed 10-K. It mentions Flaskworks. It mentions comparability testing. It mentions regulatory submission. Nothing fabricated. Nothing paraphrased.


From NWBO’s 2023 Annual Shareholder Meeting:

“Preparations are under way for comparability testing of DCVax products manufactured using the Flaskworks EDEN system.”🔗 https://www.nwbio.com/annual-shareholder-meeting/

This was presented live to investors, supported by images of the EDEN units installed at Advent’s GMP facility, and posted on the company’s official site. It is a formal public disclosure, governed by Regulation FD.

Both statements are clear. Both are verifiable. Both are still part of the public record.

So why didn’t you mention either?

Because the quotes you called fabricated were taken directly from those disclosures. You ignored them, then used one newer filing that didn’t repeat them, and claimed that absence meant they never existed.

But that’s not how SEC reporting works. Companies are not required to reprint operational detail every year unless there’s a material update. Anyone who’s actually read multiple 10-Ks knows that.

You used the absence of repetition to erase documented fact. That’s not due diligence. That’s narrative control.

You pointed to what wasn’t said. I pointed to what was.

That’s the difference.

And that’s exactly what a charlatan does.