Replies to post #129768 on NorthWest Biotherapeutics Inc (NWBO)

[iwasadiver]

Nonsense. They need money until they make money. Making big issues out of getting little bits here and there until something happens is so dumb it's outlandish. They're biding their time because they feel they'll eventually be successful. Maybe you've never been in a less than optimum position? Maybe you've never run a company that you believe in yet have made some missteps in hindsight and learned from them. Maybe you've never had a corporation that was in a position that you had to do things you'd rather not have to do but did so out of necessity? I have, so I empathize rather than hammer. It's pretty simple.

[sentiment_stocks]

ex, so what you're saying is that NWBO doesn't have a shelf they can pull shares off of right now, correct? In fact, these $1 warrants were pulled off the shelf for IntraCoastal BEFORE the 10K was filed, which is why they can use them.

So the company smartly extended those expired warrants for cash, because they can't pull anything else off the shelf until they reach a market cap of $75 million -- using the public float only - non-affiliates only.

[biosectinvestor]

You misunderstand a "cashless" exercise. The shares are issued, someone buys them, just not the person transferring the warrant for cash payment.

And you misunderstand that many transactions have complex and dynamically changing economic value to both sides of the transaction. Right now, that obligation is not worth a lot to the company, but may be valuable in ensuring a long-term relationship, so intangible value is there for another party that might still not get any value from the extension of time. If or when the company's fortunes change, yes, at that point, the holder of the warrants will get a discount, but not by today's value of shares. By today's value, it's a very good price for those shares. You oversimplify to make your point, which is not fully accurate nor necessarily the right thing to do. The optionality value, for both sides, is likely much higher than you or I could recognize fully from our vantage point. Again, it depends on the facts and circumstances of which we would likely not be fully privy.