Replies to post #200038 on NorthWest Biotherapeutics Inc (NWBO)

[flipper44]

I remember the term. Most favored nation status. It's kind of akin to that.

[joeycav11]

Hi Flipper, with all respect to you. When I first invested here in 2014 Linda had control and I was OK with that. From when I came onboard until now the percent of ownership has not changed that much.
I personally feel better with her having voting control, than having retail own a huge % of shares .
Retail can be manipulated quite easily.
Second big point is if there is a huge naked short position then her voting shares cannot be denied.
Third is we are along for the ride. We have no idea how far or high this stock can go.
Either buy more shares or stay put .

But on another point of this post... I believe you have single handedly slowed down the amount of dilution that Linda had in mind. Your bringing to the attention to the board the amount of accumulation at low prices that has taken place probably slowed or stopped the accumulation.
And I thank you for this. (Also thank you for the other HUGE contributions made!)
Sincerly Joe

[gropgrip]

because the more % management/board own of the company, the less large pharma can buy it for.

So you think they'll sell directly part of their ownership to BP?

Couldn't the BOD want to hold onto their shares so they don't loose control when BP enters?

a) sell the remaining 100-150mio shares (how much is it exactly?) for 0,25ct PPS? Wouldn't that be enough for 8 month of activity until Topline

And if BP wants higher % of the company? One would have to handle with the
authorized sharecount ceiling, right?

b) resplit?
c) share buyback?

In either case BOD would keep a high % of shares, as that amount always changes accordingly to what gets issued no?

[AVII77]

This seems a lot like that fiction (Yonemura case did away with) they used to use to grant themselves (aka: Cognate) shares when dilution occurred. Trying to remember the term of art, it'll come to me in the morning.

Flipper, Are you suggesting the Most Favored Nation (MFN) clause in the Cognate contracts was "fiction"?

or

Are you suggesting that it is "fiction" that they granted themselves (Cognate) MFN shares?

Neither are fiction, they are facts.

When called out on it, they cancelled the MFN clause and gave back the MFN shares they received.

.....and certain anti-dilution obligations to Cognate under the most favored nation provisions in the Company’s agreements with Cognate. The Company recorded a $2.7 million charge to stock based compensation based upon the fair value of the common shares on the date of issuance. The 8.1 million shares were issued on October 19, 2015.

and

During the nine months period ended September 30, 2016, the Company entered into several financings with unrelated institutional investors that triggered the most favored nation provision (but which were not implemented, due to being cancelled and eliminated under the Remediation Agreement). The first reset occurred in February 2016, had an effective price of $1.70 and would have resulted in an obligation by the Company to issue 6.0 million shares to Cognate. The second reset occurred in May 2016, had an effective price of $0.96 and would have resulted in an obligation to issue an additional 12.0 million shares. The third reset occurred in July 2016, had an effective price of $0.60 and would have resulted in an obligation to issue an additional 16.6 million shares. The final reset occurred in August 2016, had an effective price of $0.35 and would have resulted in an obligation to issue an additional 31.6 million shares.

[Pablosrv]

Again they screw us. One more time. Ugh. I wonder what excuse senti, doclogic or md1225 will come up with now. Nonsense.

[Ultraz2]

Just don’t get it...why now! Same old, same old...this company will be worthless if they continue to dilute it...how this company is being managed is all so wrong.

[Doc logic]

flipper44,

Don't worry flipper44, if we ever need to demonstrate a higher value for NWBO than what Linda might be willing to sell it for, which I very highly doubt, we can get together with a few other shareholders and put together a really good case. I really think this will all turn out very well for all longs so no need for lamenting right now. Best wishes.

[MalteseFalcon]

Cognate was probably consulted before this was done. If so I wonder what they think.

[scotty3371]

Like I have been saying Linda powers is a,complete joke.

Dilutions are all she knows how to do.

[learningcurve2020]

This may be another crab trap for Woodford.