Replies to post #139703 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

Have you thought of going back to basic borrowing 101 like walking down Mainstreet and have a Property Title in your hand and telling Mr. Bank Manager " Sir, I have this property that has been rented out to XYZ Company (here are their financial statements and Sir, they are going to make improvements and these asset enhancements will belong to my company at the end of the rental period) and oh, they will be paying a rental of say $100k a month.....can I BORROW $xxx since I have this current income stream and can SERVICE a loan for at least 5 years but would like to ask for a X years loan tenor? Terms to be determined. All a matter of financial packaging. The property is currently valued at $YYYm and Sir, your LOAN to ASSET cover is X times. (Could someone familiar please fill in the YYY)

I won't do your homework for you but please call up any bank in the UK with this loan proposal and see how much you can get. (Clue : much more than $3-4m throw in a well known company as a tenant and a locational backdrop where there are other pharmaceutical campuses).

They already have a mortgage against Sawston, a convert with security against all UK properties, and an unknown toxic waste liability.

I would suspect any bank would hang up, which is why the last loan was for 10% + discount + convert option. And you want a third lien on top of that loan?

And WTF did they pay over 30% ($2.4M) in fees when purchasing the warehouse? Where did they go?