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ShawnP123

06/15/18 10:00 AM

#15517 RE: jtaylor68 #15514

That locking agreement hasn't helped and I believe it is over. Also, at the time, that cost the company a minimum of $1.2M based on the number of additional shares. I don't agree with your assumption.

gi197845

06/15/18 11:55 AM

#15519 RE: jtaylor68 #15514

Re: JTaylore 68; Thank you very much! If this information is true, it restored some of my faith.

"Dr. Damaj amended an agreement and got a locking period for the Novalere shares in return to stabilize the share price when approval comes. He or rather the BOD didn't give anything away for nothing. Countless agreements are amended each and every day.
Damaj's and the BOD's decision might have very well turned out to be a very smart move had the FDA given approval in the most probable timeframe.

So again, it's an unfounded accusation to say Damaj gave away millions of shares to Novalere Holdings for nothing in return."