Replies to post #693995 on NorthWest Biotherapeutics Inc (NWBO)

[learningcurve2020]

The chancellor invalidated not the shareholder. Everyone in this stock is a minority shareholder.

>>Notion that single minority ambulance-chasing "shareholder" can invalidate will of majority seems like tyranny.


Not true. They had a lot more than that.

>>2019 NWBO had few hundred shareholders. Today around 50K.


This bunch is most definitely.

>>Does judge honestly think they're too stupid to make decisions as shareholders?

It appears he doesn't think management was being forthright.

>>How is this capitalism, and not a command economy, when a judge by fiat can overrule a vote the supermajority made twice already?

"Much reflection" LOL! It's an obscene amount of money considering the time lost with still no assurance of any revenue while as the company runs on vapors, and as legacy shareholders are all but finished. Add to it a CEO CFO owned CDMO in the middle of operations. The company is run just like an authoritarian government.

>>After much reflection I will be voting YES to all items yet again. These options are for work already completed. No management team works for free. We are not communists.

[Poor Man -]

More importantly, capitalism is governed by laws of equity and fairness. The judge in this case recognizes that directors and the general counsel (!) may have violated their fiduciary responsibilities to shareholders and withheld material information that the award was a true up to compensate themselves for the dilution they themselves created.

Frankly, this raises additional questions about transparency and governance. The $40 plus million award/ bonus is obscene, with the vast majority going to two individuals.

How is this capitalism, and not a command economy, when a judge by fiat can overrule a vote the supermajority made twice already?

[jesster64]

900k salary a year isn't exactly for free

[manibiotech]

“For free”
No kidding

[space~farm]

Something something horse shoe theory. Dunce.

[vator]

It is possible because the majority of shares had been controlled by insiders and shareholders who benefited from favorable terms. It neglected the multitude of smaller shareholders. Option or share compensation have not come close to reflecting shareholder wellbeing. I have voted against their shares for some time. Mostly because of promises implied and if fulfilled they were done so with very elongated timeframes. That is how. I think he wins the case and when the management starts meeting shareholder expectations I will then vote for bonuses. Reasonable bonuses. They need to run the company as a public company. Not a personal piggy bank.

“How is this capitalism, and not a command economy, when a judge by fiat can overrule a vote the supermajority made twice already? “