Replies to post #289271 on NorthWest Biotherapeutics Inc (NWBO)

[iwasadiver]

That could be, it could be they covered some shorts. It could be they held and went naked and said they’d get them the shares in just a bit. Who knows? But, either way the company raised 2.3 million on shares already in the count. So it’s a win

[kfa670]

Yes

[JerryCampbell]

No way to know whether the shares from the warrant exercise were flipped. There has been plenty of volume lately to absorb 9m.

I think there is a more interesting point. These warrants were likely close to expiration. Perhaps they were part of the 62m May/June that LP had expected to expire, but then nwbo's stock price moved up enough to put them in the money. Recall this line from the 5/20/20 8-K:

During May and June, 2020, approximately 62 million warrants have expired or are scheduled to expire...

I wonder if part or all of the other 53m May/June warrants are now in the money, or if they expired too soon to benefit.

[jammyjames]

If they were just going to flip them wouldn't they have done a cashless exercise and then flipped fewer shares? Same profit at the end of the day but you reduce your exposure.