Replies to post #291349 on NorthWest Biotherapeutics Inc (NWBO)

[kfa670]

Typo.... maybe...

[Kkhors]

Is that English?

[Hbpainter]

[tucsonchas]

In general, according to some Google searches, it means there is a less than 50% chance that this issue will result in a net charge.

[longfellow95]

Yes, clearly a typo.
But a typo that leaves the intended meaning somewhat in doubt.
What do they mean by a 'material change'?
Presumably meaning that at the end of the day they will be liable for a big whack.
But it could also mean that at the end of the day there will be no liability at all.

I think they probably mean that at the end of the day, they will more likely have a sizeable liability than not.
But I'm only guessing.

I shall have to stop pedantically picking them up on these grammatical faux pas, because in the scheme of things, this tax issue is somewhere between small fry and a vegeburger, whatever the statement actually means.

So all good really, other than the Covid-related stuff, (which is preventing UK Specials currently), and Covid-related stuff shouldn't be laid at their door, or used as a hammer to bash them with.

But hard datalock is what will ultimately bring a collective sigh of relief.

[Evaluate]

you wrote: Quote:
..it is in the view of the Company that it is not more likely than not that the resolution of these tax matters will result in a net material charge.
'Not more likely than not'.
I wonder what that means?
Lol.

https://home.kpmg/content/dam/kpmg/us/pdf/2017/10/tnf-wnit-gaap.pdf
includes:

U.S. GAAP

If it is more likely than not that some level of tax benefit related to a tax position will be sustained upon examination, the amount recognized in the financial statements is measured as the largest amount of tax benefit greater than 50 percent likely of being realized upon settlement

If it is not more likely than not that a tax position will be sustained upon examination, an unrecognized tax benefit is established for the entire tax benefit

Hope that clears it up.
LOL.