Replies to post #476437 on NorthWest Biotherapeutics Inc (NWBO)

[vator]

Look at it this way. If the warrants do not expire and the company is bought for $20 per share. Prior to the tender of their shares to the buyer the warrant holder will convert their warrants to shares. After the warrants are converted the share count is 1.2 to 1.3 Billion shares. The buyer chose the price with knowledge the warrant holders will convert any of the warrants they hold. If the warrants had an exercise price of $1 per warrant the holder will make $19 per warrant that is converted to common and tendered to the buyer.