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 ...