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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.180+4.4%3:21 PM EST
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To: mattstat who wrote (10248)5/11/2018 8:07:42 PM
From: HardToFind  Read Replies (1) of 12873
 
The way things are going, pretty soon some of us may be able to buy the company.
You're right...and I know you are just pointing out the irony of the situation.

The sad thing is nobody that does a close inspection of the company is going to buy it as-is today. The company appears to be broken, and it requires a lot of money just to hang onto its depreciating IP assets (even without fixing the problems). I want to see it fixed, but...an intelligent businessperson doesn't buy something broken unless he or she can fix it. Fixing this company starts with fixing management and the company's relationship with TheraCour.

It's on a downward spiral until that is fixed. Diwan has to allow it to be fixed. If he does, he needs to convince Wall Street there is a path to success. This means:
  • Hiring an effective management team that he cannot fire on a whim
  • Giving up a big chunk of that outrageous 15% royalty on revenues
  • Showing that he can produce commercial quantities of cGMP-compliant drugs
  • Showing that he can get a viable product into Phase I and then Phase IIa of human trials
I'm afraid there is a good chance this company is going to hit the dirt and shareholders could get wiped out. If Diwan doesn't acknowledge the problems and give things up to keep it going the company assets may fall to him, but he has no way to get to the finish line. He will need money, and nobody is going to give it to him under the current terms based on his track record. And Diwan will have a cadre of disgruntled former shareholders making sure his business reputation precedes him.
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