NanoViricides Inc. (NNVC)

[Its_lose_not_loose]

Is Seymour a little tiffed at Diwan?


Proxy voting for NNVC

EUGENE SEYMOUR
<[e-mail]>

Oct 22, 2018, 10:55 PM (10 hours ago)

to Eugene

Dear fellow investors:

You can vote your proxy over the internet. Go to www.proxyvote.com and enter your control number. This will be the number found on the proxy postcard that you will receive by mail. Feel free to contact me after October 29th if you have any questions

Here are the issues on the table:

At this year’s annual meeting you will be asked to: (i) elect two directors and re-elect another director who will each serve for a two year term; (ii) approve our Executive Equity Incentive Plan; (iii) approve the award of warrants to purchase 250,000 shares of common stock in connection with the separation agreement of our former Chief Executive Officer; (iv) approve the award of 525,000 shares of Series A Convertible Preferred Stock to our President in connection with his employment agreement; (v) ratify the selection of our independent registered public accountants; and (vi) transact such other business as may properly come before the annual meeting. The accompanying Notice of Meeting and Proxy Statement describe these matters. We urge you to read this information carefully.

(i) OK for the two new directors but NO to the re-election of Stanley Glick

(ii) This gives too much leeway to the Board to grant these awards. I’m concerned that they will be awarded without appropriate oversight: NO

(iii) This enables me to buy shares at $2/share in three equal tranches starting next January 27th and then again in 2020 and 2021. Obviously I have no comment on this

(iv) Should we award Dr. Diwan for not starting toxicology studies, for not selecting a final drug candidate, for not consummating a shingles license agreement and for not scheduling a pre-IND meeting with the FDA. Also, for being the CEO when the stock decreased in value by 70% because none of these promised milestones have been met during this calendar year. NO!

(v) and (vi) are OK

Eugene Seymour MD MPH

310-486-5677