July 5, 2016 11:11am
UGLY deal, short dollars, 50% warrant coverage - shares down 16.31%
NWBO entered into agreements with two institutional investors for the direct placement of 7.4 M shares of common stock at $0.50 a share plus five-year warrants to purchase up to 3.7 M shares of common at $0.60.
The Bottom Line: Forget the term of dilution, desperation is todays! "Staying Alive" was a movie ...