Replies to post #379486 on NorthWest Biotherapeutics Inc (NWBO)

[sentiment_stocks]

Warrant holders will keep exercising as the company needs them to, and giving the company cash.

[exwannabe]

How much cash does NWBO have and how long it can last?

About $4M and a bit over a month left. LP might be able to squeeze a bit of extra time by not paying bills, And the warrants are not going to help much.

Per the Q1 10-Q they had $7,5M cash at end of Q1. In April hey raised $1.7M in warrants for $9.2M. On burn, they had $3.3M operational cash burn and another $0.7M investing in Sawston. So about $14M. About $3M of that was paying past due bills and should not recur. So figure about $11M for a Q2 estimate.

It is hard to estimate what they will pull in via warrants. But in Q1 it was only $0.8M. Throwing a dart at this one, say $1M/month for the rest of the Q as a generous estimate. Most are not near expiration, and they also can be exercised cashless.

That makes the curent cash at $9.2M + $0.5M - $5.5M = $4.2M. And the end of June would be $4.2 + $1.5M - $5.5M = $0.2M

Maybe they can get another loan, but after taking out $11M in Q1 that might be hard. If they need a short term fix, that is easy as LP can float it (though will likely be expensive when convert features and warrants are counted in). Not sure what they can do with equity. They have issues with the authorized share limit and the shelf validity.

They can play the preferred shares game again, but that also has a prices if they are not backed by common.