NanoViricides Inc (NNVC)

[Nanotoday]

I listened to the meeting again and what is very disturbing is how he justifies charging NNVC (though he never mentions the cost +30%) by saying:

"many such arrangements have milestone payments, royalty payments..., but we decided not to do that, i'm just covering my butt, i don't want to take losses for work being done for NNVC"

Covering costs is covering your butt. Taking a 30% mark up is using it as an ATM.