The number of shares, warrants and options NWBO insiders/management has been granted by the board are about 200 million shares if I'm correct. So if the A/S would be around 1.4 billion (1.2 now + these 200 million) then near 15% of the o/s are being held by NWBO insiders.
Some have suggested that if it comes to an increase in A/S that retail shareholders have no chance because large shareholders would win the vote anyway. That's incorrect. For an increase of A/S NWBO must have 526,817,132 shares to vote YES (1,032,974,769 from the outstanding shares x 51%) . Im pretty sure the top 10 biggest shareholders in NWBO will definitely NOT get to that count IF they all would vote YES.
If NWBO would put an increase of A/S on the table after the JA+TLD PR endpoints have been met and after a huge SP drop because they have put that proposal of increase of A/S on the agenda then Im sure many retail shareholders would, in that scenario, be discouraged and refrain from voting which is the same as voting NO.
For that reason, I can't imagine LP putting the increase of A/S on the table (if she seriously considers this) without something additional that would really increase the market cap of NWBO
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