Replies to post #340826 on NorthWest Biotherapeutics Inc (NWBO)

[kabunushi]

Zacks probably knows about stock splits but they can't do arithmetic to save their lives, apparently. Their example on that page is wrong.

A forward stock split increases the total number of shares issued and outstanding. For example, when the company conducts a 2-for-1 forward split, it doubles its issued shares, taking those additional shares out of the amount of authorized shares. If the forward split results in more stock issued than is available in authorized shares, the board holds a vote of the stockholders to authorize more shares. If a company has 100 million shares authorized and 75 million shares issued and outstanding, shareholders must authorize an additional 25 million shares for the company to legally issue a 2-for-1 forward split.

In this example the company would need to authorize another 50M shares, not only 25M more, to get 75x2 = 150M that they need to be authorized to split 75M shares 2-1. I wrote to them about this error fwiw.