Replies to post #191293 on NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

In a non-buyout scenario, warrant holders have other considerations besides "helping" the company.

1) Cashless exercise does not require raising funds or tieing up those funds.
2) Cashless exercise involves less market risk selling the shares. In your scenario, it is easier to sell 6m than 15m.

[Smokey21]

In a cashless exercise, the number of shares issued is reduced, correct? So, while the company does not get the cash, the number of shares issued and dilutive is less. In you example, 6 million shares, versus 15 million share are issued. So, either we get cash, or we have more shares to sell on the open market, at a higher price in the future.