NanoViricides Inc (NNVC)

[arvitar]

I disagree with your first part.

The CEO assumes legal responsibilities and accountability. The CEO who's there at the end always shares some of the blame. Seymour will claim to have done a fantastic job setting things up for the next stage, with non-toxic and viable candidates ready to go. All that's needed is for someone who has experience in taking drugs through clinical development to step up, and enjoy the easy ride to success courtesy of Seymour.

Nobody sane walks into a nearly broke mess like this, set up in such an overtly corrupt way to benefit the largest shareholder at the expense of all other shareholders. It's volunteering to spend the next few years of your life embroiled in various lawsuits. With less than a year's worth of salary, to boot.

Nobody who cares about their reputation as a CEO, capable of moving pharma startups from research projects to successful drug developers would do it. Telling future prospective investors in future projects that "it wasn't my fault, it was the other guy's" doesn't work well. At best it shows very poor judgement.

It's probably all theoretical, as you've said. The only one Diwan would want besides himself to be CEO is his wife.