Replies to post #341341 on NorthWest Biotherapeutics Inc (NWBO)

[Pablosrv]

And what do you care?

[kabunushi]

Did you somehow miss Mr. T's last post? He told you among other pluses for warrants that:
(+) The warrant can carry a 5% blocker so I can hold a big piece of the company easily.
As you know the original deals routinely have blocker clauses that disallow warrant exercise should they led to exceeding 5% possession; that obviously circumvents the reporting duty, no?

[thermo]

It’s fair to be skeptical of my holdings; skepticism is a good practice in life. Now, I don’t want to be misinterpreted. Everything I have written on this board I’ve tried to express truthfully and with sufficient detail. To your questions:

If you are not allowed to convert all, why?

I usually add a “blocker” to my warrants and convertible notes so that I can’t go over 5% without filing 13G or go over 10% (and be subject to Section 16(b) short swing profit rules). My standard blocker language is worded so I can go over the 5% upon 60 days’ notice. Once I send notice, I have to file.

I thought you said a month or so ago you could convert all if [Northwest] did not suspend.

If I said that, perhaps I should have added that I would first have to send notice and do a filing. In the interest of brevity, I try to leave out some (what I perceive as unnecessary) detail.

And why does a suspension of a less than a month escape you from the 60-day conversion clause on beneficial ownership?

The general warrant suspension you are talking about (the one announced by the company) has nothing to do with it. It is the terms of each warrant I hold. In some earlier post on this board, I gave my warrant blocker language.

I think I’ve spent too much time writing yesterday and today. Hopefully, this board will forgive me if I turn my focus to last minute Christmas shopping and some of my other investments. Best holiday wishes to all.