Replies to post #747002 on NorthWest Biotherapeutics Inc (NWBO)

[dennisdave]

So you are saying that we the shareholders are indirect paying for Advent Bioservive, that's 75% owned by L.P?

Yes

Is that even legal, or did we vote on that at some stage?

well what is interesting is that this is the second time Powers is financing her own private CDMO the first time was with Cognate now a Charles River Labs subsidiary. With Cognate Powers was forced (by the SEC?) to sell Cognate because of a conflict of interest (duh). So why the grifter-in-chief thinks it was ok to go ahead and build a second CDMO but is now much bigger and thus more expensive than Cognate and not has learned her lesson from the first time is beyond me.
No, it is not legal for a CEO to finance a third business with shareholders' money from a publicly listed company unless the investment is approved by the board of directors and disclosed to shareholders. However, I do believe in the future Powers/NWBO will be in legal hot water for this one.

[manibiotech]

Can you say it any CB other way?