Replies to post #309250 on NorthWest Biotherapeutics Inc (NWBO)

[VikingInvest]

Marzan. You are correct. Add a paragraph to the NDA that they also are not allowed to disclose any of the confidential information to anyone outside management and you have nailed it.

I was a CEO of a company who merged with a subsidiary of a publicly traded company and the rules are pretty strict when it comes to these NDA's when dealing with a publicly traded company.

[Poor Man -]

Just so others who are new understand, Flashworks was a tiny asset owned by Corning, which has been going through some restructuring and cost cutting. Not sure there was much effort or thought put into this deal from the Corning side; the purchase price was only $4.6 million.

Corning may have just wanted to unload the expense of carrying this company and associated salaries and other costs. Given the small purchase price, the deal team from Corning may have been willing to structure a portion of the payment in shares, just as a kicker for a possible upside.

A NDA would have been customary, and would have been much more important to NWBO than Corning.

In short, Flashworks was more of a cost center to Corning, while NWBO viewed this little enterprise as a strategic asset. One man’s garbage is another man’s gold.