Replies to post #151953 on NorthWest Biotherapeutics Inc (NWBO)

[hankmanhub]

Unfortunately MI, I think that you erred in your assumptions. Your transaction in the NWBO common and a purchase of the Reg D Series B preferred shares were substantially different and would not have constituted a wash. You missed a good opportunity. You could have had your tax deductions and warrants - it was not, one or the other, but not both. This was the proverbial "have your cake and eat it too."

[Poor Man -]

Didn't realize that the tax wash rules would be a factor too, since the sale was for preferred shares not common.

Given all the obstacles, was this even a serious offering?

I offer this because I bet several well financed longs were in a similar boat. They saw the opportunity to trim a small piece of NWBO off to offset gains earned elsewhere, and were thus challenged by the timing of the offering. The accredited requirement limited the pool and also biased towards more savvy individuals who play the tax loss swap game.