Replies to post #145448 on NanoViricides Inc. (NNVC)

[arvitar]

“How the hell is this legal?”

Diwan has been disclosing his arrangement with Theracour from the start, so investors walked into this scammy arrangement eyes wide open.

There are several things that shareholders might sue him and the other directors for, such as breech of fiduciary duty. But who’s going to do that? If that “straynuts” fellow is typical of the larger retail investor in NNVC, then Diwan is pretty safe.

“The fiduciary duty of both officers and directors requires that they exercise the powers of their offices solely for the benefit of the corporation and its stockholders collectively.”