NanoViricides Inc. (NNVC)

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The Rubber Stamp BOD was created for the obvious reason
Neither Gene nor Anil thought they needed a check & balance on their decisions. It comes back to the over-confidence problem. They "knew" they had the answers so why ask for interference.

It always has been and will continue to be the Anil show. Gene is a mere lap-dog ( sorry Gene, I know you are reading this) and a very good salesmen. He sold all of us on the idea. Anil is really the one to blame for the poor business decision making. Gene just carries out his orders. While Anil may be a good chemical engineer, he is clearly not a business man, except to the extent that he knows how to cut a good deal for himself.

An authentic BOD would have seen this years ago and taken action. But they did not have the power.

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