Replies to post #207329 on NorthWest Biotherapeutics Inc (NWBO)

[kabunushi]

Linda has no interest in giving away anything to Cognate now, and I think it would amount to fraud and total idiocy for her to have closed the Cognate buyout including any promises to favor Cognate later. Getting rid of the 'stink' is probably the only reason that Linda sold her stake in Cognate but she did and as far as I understand has no financial interest in Cognate now. Whatever you think of it keep in mind that here they are only stating what Cognate's claim is and we have no idea whether or not any of the $ amounts listed as AP liabilities are included in the share numbers, so we don't really know what the actual settlement will be. It's been pointed out here many times that it would have been a very bad deal for NWBO to pay for Cognates capacity when in fact Cognate had been free to sell those facilities to other 3rd parties and NWBO was actually using at most a small % of what had originally been contracted. I would not assume that Cognate's claim is going to be honored in full if even at all, but I don't want to argue vs whatever you or anybody else suspect.

[flipper44]

One other thing, it sounds like Cognate gave Toucan many shares and/or warrants to buy itself out, because they seem to have far less shares now than I recall they had before the Cognate buyout from Toucan went through. Seems like Toucan should have more shares, but their count is missing?

Why do both Toucan (Does Toucan have any now? The proxy appears MIA on that.) and Cognate seem to have far less shares remaining than one would think? Are they all in the form of warrants? Probably not, because warrants are accounted for with Cognate in the proxy.

Did they sell them? If so, wouldn't Cognate and Toucan have to file with the SEC? Or does the proxy today take care of that?

Maybe my memory of share/warrant counts are all off. I hate digging through this stuff again.

Has anyone already run the numbers?

[beachhyena]

Maybe this is just a way of Linda increasing her security by dishing out more shares to a friendly. Looks like a power play to make sure there is absolutely no possibility of any outside investors creating havoc with NWBO strategy even though that strategy is currently invisible for now.