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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.210-2.4%3:15 PM EST
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To: cacmed who wrote (12505)12/5/2019 11:43:10 PM
From: HardToFind   of 12873
 
Does Anil holding a note on the lab mean he gets the lab "if" Nano fails?
I'm not a BK expert (or even a lawyer): If NNVC defaults I don't think Diwan automatically gets the full $5 Mn plant, but he would have first hold on the plant until he gets his $1 Mn (plus 1% per month). I suspect he has the inside track to get it at a fire-sale price...and I don't think that's all NNVC owes Diwan.

And if Diwan gets HerpeCide into some early phase of human trials, I think (if memory serves me correctly) he will be owed another $4 Mn.
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