Replies to post #396332 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

However, I don't think that is the intent. I believe it is intended to imply the next offering will be after TLD. It's just an escape.

The terms are fairly clear. The first offering after TLD triggers the option regardless if any offering has happened prior to that. That the triggering offering has be the next one from now is your read that does not exit in the contract.

It sounds reasonable for lenders to want the option after TLD as it is more valuable that way. Always want options after a binary event.

It also does not say it has to be within 4 months, but that might be true.