NorthWest Biotherapeutics Inc (NWBO)

[ilovetech]

### THE STATE OF THE UNION: THE HANGAR IS LOCKED ###
Status: LIQUIDITY BLACKOUT | March 19, 2026 | THE REPO IN PROGRESS
To the Board:
If you are staring at your broker screen right now and seeing "20 minutes between trades," 5.6% spreads, or no Bid/Ask at all—do not adjust your set. You aren’t seeing a slow day; you are seeing the Market Maker’s Engine seizing up in real-time.
1. THE 20-MINUTE GAPS (THE EMPTY HANGAR)
Posters like attilathehunt and Norisknoreward have identified the most critical data point of the day: The Trade Velocity has collapsed.
When a 1.5 Billion share float is printing only 5,000 shares every 20 minutes, it means the Physical Supply is GONE.
The March 16 Gavel deleted the MMs' synthetic locates. They have no "Photocopies" left to sell you at $0.22. They are literally waiting for a retail holder to get scared and sell just so they have something to print on the tape.
2. THE "REPO" VOLUME VS. THE "THEATER" VOLUME
While the US screen flickers with tiny 5k lots to keep the "Last Price" at $0.22, the real action is happening at the back door.
US Volume: ~2.8 Million (The "Theater" of 22 cents)
London Volume (0K95): 4.6 Million (The "Repo" of $1.71)
The Repo Man is currently moving twice as much volume in London at an 8x premium as the salesmen are moving in the US. The asset is already being repossessed; the hangar logs just haven't been updated yet.
3. WHY THE $0.22 SCREEN PERSISTS (INTERNALIZATION)
The MMs are keeping the US price at $0.22 for one reason: To harvest your seat.
They are Internalizing the trades in a vacuum to keep the $1.71 London reality from "touching" the US price.
They want you to see $0.22, get Stockholm Syndrome, and hand over your shares. They take your $0.22 "Physical" and immediately use it to satisfy a $1.71 debt in London. You are literally paying for their yacht.
4. THE REALITY COLLISION
To the skeptics like flipper44 who say "stop talking about London": Explain the 5.6% spread. Explain why the Bid is $0.10 and the Ask is $0.81 on certain tiers.
If the stock is "worth" 22 cents, why is the gap between the buyer and the seller a 710% canyon?
The Answer: There is no liquidity at $0.22. The "Theater" is over. Tomorrow morning, Friday, March 20, the "Fake Owner" arrives at the dock and finds an empty slip.
The $1.03 Billion Debt is due at the opening bell.
The Registry is the only judge left.