Replies to post #498647 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

"C" Friendlies can Vote to Keep CEO and BOD, yes??. That was the implication I did not state very well, ok, at all. Share count raise is not at issue for me, given the cash "C" raises...

Director's run unopposed. So they win just by voting for themselves. The C cannot vote on the CEO position (no shares can).

It is a certainty that if C shares are sold there will be a vote scheduled to raise the auth limit. Nobody would buy into the deal without a commitment by management to do so.

I would pencil in more like 2.2B as the new limit. That would give them enough to sell the Cs with attached warrants and a little headroom.