Replies to post #34182 on NorthWest Biotherapeutics Inc (NWBO)

[Pip611]

The shares are restricted in these cases for at least 6 months.

[Milou2]

$0.01 par value shares

The $0.01 represents the par value of NWBO's common shares and not the price paid for them. Par value is an old legal concept which is slowly becoming redundant as most companies opt for No Par Value Shares when they adopt their capital structure as part of their articles. However, in the U.S., the company laws of some States still require a par value, and often the incorporation fees are calculated based on the aggregate par value of the authorized capital (hence the minimal par value of $0.01 per share). Important to note that a company is of course at liberty to issue shares at a premium. Hence the 5.4 M shares issued earlier this week to Woodford were $0.01 par value shares issued for more than $7 a piece.
Cheers

[mapman1010]

geez.. these shares were awarded to Dr. Malik in Dec 2013 when the stock was about $3.50.
these stocks and options needed to have form 4s filed.
please read the amended 10K/A where it states:

Section 16(a) of the Exchange Act requires our directors, executive officers and persons who own more than 10% of our stock, or Reporting Persons, to file with the SEC initial reports of ownership and changes in ownership of our stock. Reporting Persons are required by SEC regulations to furnish us with copies of all Section 16(a) reports they file. To our knowledge, based solely on our review of the copies of such reports received, we believe that during our fiscal year ended December 31, 2014 all Reporting Persons timely complied with all applicable filing requirements, except that each of Robert Farmer, Dr. Navid Malik and Jerry Jasinowski did not timely file Forms 4 in connection with their acquisition of certain of our securities, which have since been filed. Cognate BioServices did not timely file Forms 4 in connection with its acquisition or disposition of our securities, which were filed in December 2014.

most likely given as compensation for being a director.
BTW, Dr. Malik knows Mr. Woodford and is likely instrumental in Mr. Woodford's involvement with NWBO IMO.

[Know-Fear]

Ok, Crazy.......Woodford not crazy.