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Tuesday, May 09, 2023 6:13:09 PM
In this case, the Board had made the exception to grandfather Brown and let him stay on the Board. He appears to have voluntarily chosen to step down.
It looks like it is tied their shares (or at least some shares) being possibly being used as collateral for a loan. They did sell 200,000 shares in December due to liquidity issues. I wonder if they got pinched by rising interest rates.
As for the event we don't know if the event relates to the company MVP used the funds for, or if it relates to an event with the institution.
It may still be tied to Libigel, but there are other possibilities. If there is a few partnership regarding Libigel, with the seat being vacant it makes way for the partner to take an equity stake in ANIP and assume Brown's seat on the BOD.
I don't know about allowing the shorting of the stock. However, I doubt they would of allowed Brown to sit on future BOD meetings.
I agree the event, whatever it is, may still happen.
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