Subsequent events, 3M warrants exercised at 23c avg | NWBO Message Board Posts

Northwest Biotherapeutics Inc.

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Msg  13014 of 13041  at  4/2/2019 9:07:40 PM  by

exwannabe

The following message was updated on 4/2/2019 9:10:36 PM.

 In response to msg 13013 by  JerryC
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Re: Subsequent events, 3M warrants exercised at 23c avg

On November 11, 2018, the Company and Ms. Powers agreed to extend the notes to a maturity of one year following the respective funding dates. In consideration of the continuing forbearance, the Company will issue warrants representing 50% of the repayment amounts of the Notes. The warrants will have exercise price at $0.35 per share, and have an exercise period of 2 years. However, the Company has not finalized the terms of the warrant agreement.
LOL. The terms of this loan are beyond belief
 
 $5.4M, payable on call
 
. 10% interest.
. Convert option at .23 for a share and 1/2 a warrant
. 7.7m .35 warrants issued to sign the deal
. 7.7m .35 warrants  issued to "extend" 4 months, but now can be repriced
 
And LP can demand payment any day and get anther bunch of warrants.

 
 
 


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