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Poor Man -

07/02/22 11:09 AM

#492024 RE: dennisdave #492021

That’s a good description of the scenarios. They better have a compelling reason for an increase in the A/S, otherwise there’s going to be a backlash.

pqr

07/02/22 11:39 AM

#492029 RE: dennisdave #492021

Dennisdave thanks very much. Can you pls remind me what % of outstanding shares are held by known insiders?

vator

07/02/22 11:50 AM

#492031 RE: dennisdave #492021

I have close to scenario #2 in my previous post. I do not see private investment jumping in unless they see UK approval or get something big in return.

branster

07/02/22 1:25 PM

#492061 RE: dennisdave #492021

Dennis, no way I am voting yes in Scenario #1 if we are stuck here when ASM occurs. If increase share count is shot down they will be forced to think outside the Box, they (NWBO Board) dug their own hole and must find a way to dig themselves out for the Benefit of shareholders. I can go low as they wait, they can't force my hand, if that means a BO at much much lower SP then so be it. This all will to come to end one way or another, there is always a start and finish to everything and we are about to find out what that is.

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Scenario 1. Managements plan is to Increase the number of A/S to start selling shares and dilute the hell out of us like they have done the past 5 years.

After the JA and TLD endpoints have been met PR management expects the SP to rise substantially. Management will then organize the ASM and put up the vote to increase the A/S expecting happy shareholders to sing kumbaya and vote for the increase of A/S. With this increase of A/S, NWBO can then move on and sell new shares. However, they would be wrong. I dont think that the SP will move at all in this scenario perhaps even crater. The reason for this being
A. dilution duh. B. the market would then know that management has not done its homework and not landed a huge investor/a JV with a BP which they have no excuse for and could have easily done. C. Also the market knows then there will not be any change in cash flow influx anything soon from a BO/JV/or huge investor. In this scenario, I expect that the vote to increase the A/S will simply fail. Heck, I would vote NO in this scenario. According to Delaware law, they need 51% of ALL outstanding shares to say YES to increase in a/s which I think is going to be extremely difficult in this scenario.. Disappointed shareholders (SP cratered in this scenario) will no longer be blackmailed (bankruptcy or increase in A/S) for there are alternatives now to get finances.

Scenario 2. OR increase A/S to then sell X tens of millions of new shares to big pharma or private investor for X (x5, x6?) times the present share price. This of course will increase the SP substantially. Shareholders are happy and vote yes for the increase in A/S

Scenario 3. There is NOT going to be an increase of A/S for they have enough cash with all warrants being exercised over the last 6 months and no active trial

IF there is going to be a vote for the increase A/S good lord let it be scenario 2, heck I dont believe scenario 1 will survive.