NorthWest Biotherapeutics Inc (NWBO)

[HappyLibrarian]

I think LP would be more than happy for the investors to give her a reason to RS, unfortunately.

I'd bet LP wants to reverse split, and she thinks it will look like she's doing a service for shareholders by letting them vote not to and only increase the AS.

Oh what a generous and caring leader that Linda Powerless is. Vomit.

You are probably too harsh and I think all things being equal Ms. Powers would prefer to avoid a reverse split but avoiding it is almost as low a priority as increasing the share price is.

How do we know?

History.

People try to act like reverse splits are only a relic of the pre-Powers era.

NWBO admitted that they had planned to smack us with a reverse split in order to help avoid delisting when the voluntary NASDAQ delisting was announced. The only reason that they did not do it was that the reverse split would not help cure the issues that were forcing the delisting.

Doing an R/S anyway under the above circumstances would have been a disaster. Doing it even if they could have stayed on the NASDAQ would have been painful for anyone not getting alleged ‘true-ups’ as well.

Thus the Powers regime at NWBO has no issue with doing an R/S and (if they find it expedient) they will surely resort to it and present it as a fait accompli regardless of how obedient we are to all their demands.

The usual suspects will talk about how an R/S is neutral and try to present it as anything other than as the culmination of an objectively abject failure to protect shareholder value.

The uncomfortable fact is that every month we linger in this low price range and dilute at these fire sale prices the easier it is for Ms. Powers to reach for an R/S to solve the problem created under her leadership.