NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

Isn’t there about a year (2025) in between the Advent books just published, and the sale of Advent to Northwest?

Correct Senti. I am talking about the books from end of 2024 vs end of 2023.

What we know as hard facts are:

. The income swung from $10M US profit to a $27M loss
. The asset value dropped from $31M to $4M (and the asset value would have been expected to have risen in 2024)
. The NWBO AR is gone (I dispute it was written off, but that is arguably not important).
. They lost about $5M on investments (likely NWBO stock).
. Management Expenses jumped from $10M to $40M.

The AR is a mystery for several reasons. But past that is about $10M US in unexplained losses. And $40M in Management Expenses, isn't that kind of large for a small company?