Replies to post #47192 on NorthWest Biotherapeutics Inc (NWBO)

[DoGood_DoWell]

Quite true - nice DD. Not only was Phase V false, but materially false, giving the impression that they had discovered some secret undisclosed fraud, when in fact, the IP was collateral, and was disclosed on filings. That is only one of the material falsehoods that have been debunked by message board posters using the filings. Phase V can be considered useful only by someone in need of a large amount of TP.

[exwannabe]

Bear, re the patents

Yes, those went out as collateral.

But for some odd reason both the Four M loan and the ealier loan to LP have not been fully repaid. They are paid down to $53K and $50K respectively. The Four M loan is now 1-1/2 years past due (the LP loan is on demand, so not past due).

The remainder is obviously intentionally not being repaid. That would result in the IP going to LP and Four M in case of BK. Obviously nobody in their right mind would use the patents to secure a toal of $103K in loans, but that is effectively what they have done by not repaying them. Clearly a decision that beneifts LP and Four M.

The Four M loan is also listed as unsecured on the 10Q/Ks.