Replies to post #145843 on NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

For me, it seems someone (Investors?) have been pushing NWBO to get everything resolved for end of year type decisions.

Flipper,

This perspective has some merit. It’s very possible that NWBO is getting its house in order to attract investors or partners, and/or even in preparation for an eventual up list. Although some of these actions have more to do with NWBO getting what they want before hand, rather than by request of a strategic or financial partner.

NWBO has few actual employees outside of its executive management, with perhaps just a few administrative and professional staff. Maybe 10 to 12 employees in total, with some also working for Toucan. I doubt a partner is terribly concerned about employee retention at what is practically just a fund operation, not an actual operating company. The employee compensation issue was done just to get it out of the way and under NWBO's own terms. Any key person issues from a partner would likely be addressed much more directly.

With respect to the settlement of the Cognate debt: Sure, an investor or partner would likely want a resolution of the trade debt, But generally it doesn’t necessary need to be paid off, just that the terms are commercial and reasonable without concern that there's no risk of a near term default. The terms and timing of the settlement were entirely dictated by Cognate.

There are several different ways to handle the settlement that would provide assurances to a partner, but Toucan chose the option that was most advantageous to themselves at the expense of minority shareholders. And presumably, if there is a new investor or JV just over the horizon, this settlement was arranged with Toucan having insider knowledge - which is problematic in itself (almost inviting another derivative lawsuit).

It should be noted, the recent Cognate settlement for 30% of NWBO's ownership would require shareholder approval if NWBO were still listed. So these transactions, including the employee stock plan, might simply have been done prior to an up list in order to avoid scrutiny by Nasdaq.

But I do agree, this does look like NWBO is positioning itself for the next steps to build the enterprise.

Cheers.