Replies to post #806717 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

Yes, you can write it off. But you have $37M going to administrative costs. That is not a write-off in any accounting I know.

And it gets worse. To write it off one must assume it is likely to be uncollectable. Did LP really think NWBO AR was worthless or uncollectable?

The transaction is a shell game. I guarantee you a goodwill of $30M+ will be on the books come 10K time.

EDIT: And you are still only addressing half the massive hit to the Advent books.

[StonkMaster]

Does he ever ;)

[theorysuit]

Yes of course the "related party" debt is written off. Lmfao. Absolute shitco thing to do. Lp is the finest at this related party BS. You 100% are on the payroll.