Replies to post #375964 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

Jerry, if the warrants were erased then the shareholder equity would go to -$8M, agreed?

Yes, technically you are correct that the warrants are part of the accumulated deficit. But I was trying to keep it a bit simple. The driving factor on the large negative shareholder equity is the warrant liability.

[Poor Man -]

Ex, money is fungible and net losses are typically not differentiated by the expenses that cause the accumulated loss.

Also, if there is an accumulated deficit of $1.37 billion that includes a warrant appreciation loss of $0.435 billion, then the majority of the deficit comes from losses in other expense categories, such as R&D and SG&A, equal to a larger amount of $0.935 billion.

Bottom line - losses are losses and accumulate until offset by earnings.

Sorry JC, meant to respond to Ex but got into the wrong thread.