Replies to post #813363 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

2) if we, that were operating via the OTC, wanted to sell at the LSE prices, how can we do it? Is our broker going to automatically move our shares to LSE?

Transfer your shares to a UK broker then sell them as 0K95. Alas you will get a crappy price because of the limited liquidity. Likely 5-10% worse than the OTC would get you.

But if you believe ILT, then that is how to trade it.

There are a few US brokers who might do this, but not the main players.

[ilovetech]

Thanks for your level headed question:
1. Is the LSE becoming the only place for NWBO?
The London Stock Exchange (LSE) is now the Sovereign Anchor. While the ticker may technically exist elsewhere for a time, the LSE price of $1.31 ($1.55 USD) is the statutory floor established by the UK’s National Cancer Plan and the Rule 9 mandate.
Think of the OTC and Stuttgart as "Shadow Venues." As the 30-day entropy window closes, the synthetic liquidity propping up the $0.26 price is being deleted. You don't need to worry about a "mess" of different prices because a Mandatory Cash Offer effectively synchronizes the value across all jurisdictions. No rational entity will settle for $0.26 when the statutory record is anchored at $1.31.
2. How do OTC holders sell at LSE prices?
You don’t need to "move" your shares to London; the cash follows the record.
The Mandatory Offer: Under Rule 9, the "Trigger Event" (the LSE uncrossing) requires the involved parties to make a Mandatory Cash Offer to all shareholders.
Equivalent Treatment: A core legal requirement of the UK Takeover Code is that all holders must receive equivalent treatment. If the Sovereign entity is settling at $1.31 in London, they must offer the equivalent value to holders in New York.
The Process: Your broker won’t automatically move your shares. Instead, you will receive a notification of a "Corporate Action" (a Tender Offer). You simply tender your shares through your existing broker to receive the cash equivalent of the LSE anchor price.
The Bottom Line:
You are no longer waiting for a "trade" in a falling market; you are waiting for a Settlement into a Mandatory Offer. The 1.31 floor is the statutory exit, and the UK mandate ensures the liquidity moves to your account, regardless of which exchange your broker uses for the "front-facing" display.