NanoViricides Inc. (NNVC)

[MinnieM]

Tenants paying for the buildout of leased buildings is actually quite common. I'm surprised so many find this unusual.

FYI, I'm not holding at this time. Not long or short. I just follow it for the most part with periodic swing trades here and there.





In Reply to 'Detonate'
I was glad to see the PR referred to the Shelton facility as a pilot plant since that is the same term I'd been using for some time.

A start up manufacturing operation often starts with a small production facility. As the business grows they either build a larger plant or are now able to interest a contract manufacturer (co-pack) to conform to their requirements.

The original facility is often re-purposed for R&D small batch manufacturing, 'co-pack', or leasing portions of the capacity to other start ups with similar requirements.

I have managed projects for a global pharma company that entailed three different R&D/lab/pilot plant moves. In all instances the buildings were leased and we paid for the build out and all manufacturing equipment. One was a new building which is an easier build out but higher lease prices. The other two were tear out/build out scenarios. The CEO often said, "We're in the pharma business and not the real estate business".

All buildings were seven year leases with the option to renew at five year increments. This is pretty much a standard in the business.

I mention this because some of the derogatory posts seem to have been written by people who don't know s**t from Shinola.