Replies to post #129763 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

Just so you know: those were not "desperate" warrants. Those warrants were not going to be exercised so they tried to get something for them without doing a raise

Warrants sold are a LIABILITY for a company. They SOLD them (effectively, as part of an earlier deal) for some cash. THAT was what they made. From then on, they could only cost as they COULD be required to sell shares at a discount.

In a rational world, of course the issuer would be happy for them to expire worthless. That is how it options work.

Even IF they get exercized, it becomes nothing more than a below market value sale of stock.

They were NEVER going to get value from them (after the initial sale).

To make it worse, even if the PPS had gone up, they could have been exercised cashless, so shares out for $0 cash. Just like those last month.

The reason why they were extended is that NWBO does not have an open SEC registration. So they are using these as an exemption around that little problem.