Replies to post #140976 on NanoViricides Inc. (NNVC)

[arvitar]

Regarding the quote you provided:

"The approval of the Company’s Equity Incentive Plan (Proposal 2), the award of warrants to Dr. Seymour (Proposal 3) and the award of shares of Series A Convertible Preferred Stock to Dr. Anil Diwan (Proposal 4) require the affirmative vote of a majority of the Company’s outstanding common stock present at the Annual Meeting, broker non-votes and abstentions will not count as affirmative votes."

...

I see that they do need votes. On p. 81 of the most resent 10K, it shows a table of "the Company’s common stock by those persons beneficially holding more than 5% ", which sums up to 29.7%
https://www.sec.gov/Archives/edgar/data/1379006/000114420418053665/tv501564_10k.htm


Your speculation makes sense.