NorthWest Biotherapeutics Inc (NWBO)

[learningcurve2020]

Guessing Toucan (LP) took it all? Also 97 mouths to feed in 2024 so how does that work now?

>>Going concern
At the time of approving these financial statements, the director has a reasonable expectation that the Company will have adequate resources to continue operating for the foreseeable future. During the year, the Company wrote off a considerable related party debtor balance which has led to the significant loss. Without this write off, the Company would have had a profit before tax. Thus the director continues to adopt the going concern basis in preparing the financial statements.

>>Ultimate controlling party
At the year end, the company's immediate and ultimate parent undertaking was Toucan Holdings LLC.
Ms L F Powers, the sole director, was also the company's ultimate controlling party at the year end, as she was the person with significant control over Toucan Holdings LLC.
Subsequent to the year end, on 27 August 2025, Toucan Holdings LLC sold its shareholding in the company to Northwest Biotherapeutics Inc, a listed company. Following this transaction, there is no single party with ultimate overall control of the company.
Events after the reporting date
On the 27 August 2025 Advent Bioservices Limited entered into a transaction for the sale of 100% of the Company's share capital to Northwest Biotherapeutics Inc...