I'd like someone to point out a multi-million dollar investment from Dr. Milton Boniuk, one investment other than on the publicly traded company NanoViricides, Inc., one investment on which he and his chosen company have failed.
He didn't add them so much as he collected them. Instead of expressing appreciation for an investment he didn't make, one might give some thought to why the company struck a deal to borrow $4 million that, while costing it a reasonable 8% in cash interest, also appears to have cost them $1.5 million in "additional interest" in the form of shares since the time the loan was extended 20-21 months ago. An additional $2 million in debentures were issued at the time which presumably resulted in the issuance of an additional $.5 million in shares issued (plus the 8% coupon). This is an extraordinary return to the investors and cost to shareholders...assuming that I understand it correctly...yet no one responded to the post that reported it earlier today.
The debenture calls for additional interest in the form of shares above and beyond those that have already been issued. I encourage you, or ANYONE, to try to reconcile the terms of the debenture as reported here..... http://www.sec.gov/Archives/edgar/data/1379006/000114420413005490/v333720_8k.htm .....with the Form 4 that was filed yesterday to see 1) how it was calculated and 2) whether the agreement was reasonable in terms of being in the interest of all NNVC shareholders.
Dr. Seymour told us that 2014 was going to be a very good year. I'm not sure how many more wonderful years like 2014 this investor will be able to stand.
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