Please correct me if I'm wrong about this. I believe that a variety of people, including NWBO management, own options that can shortly be cashed in with the authorization of 500 million additional shares. If management pushes to have these shares issued to those holding the options I believe they'll bring in roughly $100 million dollars. If that's correct, there should be no need for further dilution in the near term. NWBO should be able to wait until at least approval occurs in the U.K. and the share price is dramatically higher before ever doing an offering. I believe they'd also be able to pay off the loan that's outstanding rather than providing shares on the next offering at a discount to the lender.
I would hope that by the time the company does an offering, we'll be on a different exchange at a substantially higher price.
Gary
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