Replies to post #141453 on NanoViricides Inc. (NNVC)

[loanranger]

"Grant" isn't the word I would use...it would be an agreement.
Diwan's control of TheraCour seems clear. His control over NNVC, which some see as obvious, is less clear. I think the consensus is that no NNVC corporate action takes place without his blessing I don't think he has the numbers to guarantee a shareholder vote in his favor if everyone shows up. Since that never happens I guess you call it a technicality.
That said, in theory he could legally sign for both entities, but I think he would be precluded from DECIDING to accept the terms of a license on behalf of NNVC without the blessing of its Board. However I think the IT, MB and MK situations in the recent past make it clear that the Board members have noses of brown.

[JG36]

While the NNVC board does have to approve of the license agreement, this does seem to be pretty much Theracour Diwan negotiating with NNVC Diwan, with it being to Diwan's advantage for Theracour Diwan to get the better deal. Back when NNVC had a CEO not named Diwan, they could at least make a pretense of having arm's length negotiated licensing deals.