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Biotech / Medical : NNVC - NanoViricides, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: hpgrant who wrote (10273)5/15/2018 12:23:31 PM
From: HardToFind  Read Replies (1) | Respond to of 12873
 
Dr. Seymour has stated that he was resigning for personal reasons and to make room for a pharmaceutical industry executive with experience in drug development through regulatory stages.
Sort of sounds like a non-denial denial. Yes, he did state that.

It doesn't exactly explain why the $10K expense reimbursement (legal expenses?). It doesn't explain why Seymour was immediately removed from the BOD upon his resigning from his full-time position and moving to an emeritus role. It still seems unusual for options to be granted that vest after Seymour having left the company, as well as his salary coming in bimonthly instead of a lump sum upon departure.

Perhaps the non-disparagement clause goes both ways.



To: hpgrant who wrote (10273)5/15/2018 12:28:30 PM
From: HardToFind  Read Replies (2) | Respond to of 12873
 
Executive Search Committee reports that it is now in due diligence phase
Without coming right out and saying so, this seems to imply the company has either picked a lead candidate for replacing Seymour (which it is vetting), and/or have a small pool of lead candidates that are being vetted.

I wonder how long that vetting process takes?



To: hpgrant who wrote (10273)5/15/2018 2:42:06 PM
From: NanoPenguin2 Recommendations

Recommended By
Another_Voice_2
mattstat

  Read Replies (1) | Respond to of 12873
 
Dear Dr. Diwan,
NanoViricides reports that it does not know of the reasons for a recent sharp decline in its stock price. The Company's current drug candidates in the HerpeCideā„¢ program are moving towards the clinical stage steadily. The Company is diligently working towards obtaining all the information that we will need for filing our first Investigational New Drug application (IND).
I am your long term faithful investor since 2005 (EDOT.com days). A lot of capital has been lost by shareholders that were supporting your dreams for years. I was surprised that you do not know why the stock price is going down. I was led to believe by you at the shareholder's meeting and other communications that the shinglescide candidate was moving forward right after the pre-tox was done. You mention nothing about the status of this in your 'update' PR. There is not even a pre-IND meeting set up as promised. I have no clue as to what the company is really doing since none of the plans never seem to come through. Your update does not even mention shinglescide. You told us all that this is the lead candidate. If that is no longer true, the shareholders should know. How can you not know why the stock price is going down? Also, I was led to believe that the licensing of shinglescide to NNVC was a mere formality and was being worked on and nothing ever happened. This should have been done already without question or the shareholders told what the problem is. Not promptly licensing shinglescide to NNVC causes distrust. The vague, misleading communications are unfair to us shareholders. I think the best thing this company can do is to vastly improve its communication to be open, honest and transparent.



To: hpgrant who wrote (10273)5/15/2018 7:12:15 PM
From: HardToFind  Read Replies (1) | Respond to of 12873
 
Although I think the company can improve upon many things, I do appreciate the latest press release attempting to clarify where the company is regarding execution and the hiring of a new CEO.
  • Financially sound - more than a year's worth of cash for operations (although I do wish it were more financially sound)
  • Good shingles skin study results
  • Good rat-tox safety profile
  • Making 750g for formal tox
  • Search for new CEO in due-diligence phase