Replies to post #59815 on NorthWest Biotherapeutics Inc (NWBO)

[TZOR]

Let's take it one step further, according to AF via tweet, the last financing was done by a vulture short hedge fund. If all the conditions are met from the financing the short hedge fund/funds would be able to purchase 17 million shares. The last I checked on the short interest part of the Nasdaq website is that the total short interest is roughly 12-13 million shares. So if all the conditions are met, and these vulture short hedge funds purchase all the shares possible according to the terms of the financing, then they would in the end be long NWBO. Assuming there are no dark pools, and for the sake of argument lets assume there aren't.

Interesting insurance policy if you ask me. I still don't like it, but just pointing out an interesting point.

[sturmndrang555]

Tzor and Beachlife,
Thanks for the discussion. These are generally the conclusions I came to as well after studying the actual filing.

[TheFollower]

Do you think they would purchase the 5.88 million over allotment at $3 even if the current share price is less than $3 at the end of 60 days? This also allows them the warrants 2.94M later, if need be.
If not, they'll still have to get the shares.
In order to cover, it appears they may need those 5.88M shares. Wouldn't they run the risk of paying much more later on the open market, as you suggest?
The short interest released today continues to rise. (excluding dark pools) It's now 12,511,218 as of 04/15/2016.

The other interesting part of the recent financing is that someone was willing to purchase/wanted shares and warrants for shares of up to 17.64 million shares.

5.88 million shares
2.94 warrants for shares
5.88 million shares over allotment
2.94 warrants for shares

17.64 million shares on the line to an "Existing institutional investor"

I am of the impression that that means a short vulture hedge fund who wants to close down, or the option to close down their position in the most structured way possible.

Shorts clearly don't want to buy on the open market, as that would cut into their profits. Imagine if some wanted to buy 17 million shares (or 12 million according to the short interest per the Nasdaq website last I checked) in the open market, where do you think the price would go?

[threefoot]

Tzor, Please tell us the expiration date forthe lender to purchase the 6.88 milover allotment shares. Thanks