NanoViricides Inc. (NNVC)

[loanranger]

"As I recall, he had to pay higher than market prices for his shares to eliminate any differential profits from his sale of shares for the funding of the lab."

I'll admit that it's confusing, but you have it a little cockeyed. It's a strange rule intended to discourage insiders from profiting from non-public information.
He sold shares at the prevailing market price, purportedly to contribute to the cost of the building.
He then bought shares at a lower market price.
Counsel advised him that he was in violation of securities laws that required him to disgorge the profits resulting from what essentially amounted to a short sale. As a result he was forced to pay a total of $83,900 to the company.
http://ih.advfn.com/p.php?pid=nmona&article=61226305



I'm not sure that I followed this.....

The word is NNVC is going to buy Diwan's lab (most of which was built on sale of NNVC stock selling on open market lowering NNVC's value by 50%).

"Where did you hear the word? All news to me."

.....because if you're referring to the lab purchase, I'm surprised that it's news to you.
"The Company held a Board of Directors meeting after the event in which the Board unanimously resolved to purchase the facility from Inno-Haven, LLC, for an appropriate consideration to be based on the actual capital expenditures, costs of finance, and other project costs borne by Inno-Haven."
http://ih.advfn.com/p.php?pid=nmona&article=62981833