Replies to post #494800 on NorthWest Biotherapeutics Inc (NWBO)

[dennisdave]

not a recommendation law

https://delcode.delaware.gov/title8/c001/sc07/index.html

If there be a failure to hold the annual meeting or to take action by written consent to elect directors in lieu of an annual meeting for a period of 30 days after the date designated for the annual meeting, or if no date has been designated, for a period of 13 months after the latest to occur of the organization of the corporation, its last annual meeting or the last action by written consent to elect directors in lieu of an annual meeting, the Court of Chancery may summarily order a meeting to be held upon the application of any stockholder or director.

[Poor Man -]

It should be held within 13 months.

In any event, it’s not a good look for them.

The only confidence I have is that some form of JV or BO is inevitable. My 100 year old grandmother could arrange a deal with a BP based on the trial results.

Having said that, it seems nearly the entire senior management, directors and sponsors are grandparents, so bringing my grandmother in as an example might not be adding much more to investor confidence.