Replies to post #694334 on NorthWest Biotherapeutics Inc (NWBO)

[Poor Man -]

Read the judge’s transcript in the proxy.

As VC Laster stated, there is no such thing as a true-up — I’d expect Noam Chomsky would agree!

The actual words as spoken by the judge (Vice Chancellor Laster):

Now, the defendants have to tried to argue that really the true-up awards were a way to value the work that the directors and executives had done and was an incentive to keep them around. That isn't a persuasive justification at the pleading stage, particularly when there's so many references to these being true-up awards.

It is a plausible inference that true-up awards were not meant as a way of keeping the directors around or compensating them, but were rather meant to true up their position in the company so that it was the same before the capital raises. So what we have, as a result, is a reasonable inference that the self-interested compensation was not entirely fair.

Funny, it’s Bosch and Boynton most responsible for founding NWBO and developing DCVax into an approvable treatment. Yet 70% of the $40 million plus true up is going to two other individuals. I find that interesting in other ways as well.

VC Laster must spend his free time in the same park with me. His bench is a bit higher off the ground than mine.

[Nemesis18]

I bought this company for generational wealth not worker solidarity.

You’re holding the wrong end of the shitty stick to ever come even close to that outcome, I’m afraid.

That dream is over, you just don’t realise it yet !