Replies to post #340810 on NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

Thanks for that!

As you describe under DE law, I’ve generally seen the authorized share count adjusted proportionally lower with the R/S. But then when I thought about it some more, in my experience that wasn’t true on every case.

Figures it’s a function of state law.

(Have to go back over the listing requirements. There might be an easier path forward.)

[improving]

Interesting ZACKs is saying the exact opposite- The number of authorized shares is untouched by a reverse split. (See Link below.) Hard to imagine Zacks would get this wrong, being more than 1/2 of the companies on the NYSE are incorporated in Delaware.




https://finance.zacks.com/split-stocks-count-against-authorized-shares-10955.html#:~:text=Reverse%20stock%20splits%20don%27t,of%20ownership%20in%20the%20company.