Replies to post #338406 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

Late edit to 2018 vote post.

The actual numbers at the 2018 special vote to raise the limit were 245M votes cast in favor with 207M needed to approve.

At least 65M shares of those votes were "A"s that converted with a clause forcing them to vote 'for'. W/o those, the vote would have passed by a mere 8M or so. If NWBO allowed 10s of millions retail "B"s converted w/o any clause, the vote might well have failed as many do no vote at all.

[JerryCampbell]

You have a few nwbo issues, some of which tie to others.

1) Linda must retain full and total control. All other issues are less important.

2) 10-Q is overdue. Not as late as Q2 yet, but getting close. Given the SEC settlement with late filings as a key issue, I think there is some real pressure here.

3) Share authorization limit. It's an ongoing issue, but not critical for now. Even if all the warrants exercized, they still scrape by.

4) Warrant suspensions. They expire 12/15. Some folks claim there is another deal to further extend, but nothing announced publicly. This mitigates pressure on the authorization limit, but I don't see a big problem if some exercise rather than extend.

5) Proxy. Last proxy was 3/27/20, so I believe they are ok for another 3 months. Nothing imminent.

6) TLD. Who knows, but my guess is that it is after the date for any further warrant suspensions. Hard to not break one law or another otherwise.

7) Fundraising. There have been so many moving parts since the last 10-Q, hard to tell where nwbo stands on cash. Even when the Q3 10-Q is released, that data will be over 2 months old.

[anders2211]

In 2018 they played a nice game. They freed up space to convert preferred shares by paying others to suspend conversion options. Then they allowed 100M or so to convert, but required them to vote for the share limit increase.

That is what happened however they back then still needed as many as possible shareholders to vote yes which bought them over the finish line. Last ASM already was a small shareholders revolt before the ASM it began triggering NWBO to promise data lock, TLD etc If NWBO were to ask shareholders now to increase authorized shares without TLD then a shareholders revolt will emerge again + SP will get back to 15 cents so to whom will they sell those extra shares to anyway.

NWBO has brought itself into a break or make situation now. Either the phoenix will fly or it will plummet into the abys. The consensus business as usual nothing to see here share offering for the next 6 months is over and gone and a vote on permission to increase is not going to move that fact away without at a bae minimum positive TLD.