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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.190+5.3%Jan 13 3:59 PM EST
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To: mattstat who wrote (9584)12/29/2017 5:24:05 PM
From: Kirk ©  Read Replies (2) of 12873
 
Ah but Milton would not have forgiven so much debt in exchange for stock if he thought the company would go under. Debt holders are first in line for assets in liquidation so he'd get the rights to the technology. I look at his move to take stock for the convert as very positive.... especially since he doesn't benefit from the large (compared to what the VCs pay small startups here) salaries the top two guys make.
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