Tuesday, December 29, 2015 7:48:59 AM
Given my premise that NNVC will increase in value during that period from the current $1.26 to $125, it stands to reason that there will be many gaps up between the closing price on one day and the opening price on the next trading day. If that gap is not "filled" on the following day the resulting "air space" is called an "island".
For illustration, NNVC closed last Wednesday at $1.03 and in the abbreviated session Thursday, because of the Cox Report, opened at $1.05 and never looked back, closing at $1.17. Yesterday, the next trading day because of the Christmas holiday, the price "gapped" to $1.20 and never closed that gap during the session. This created our first "island", with "open water" on both sides of $1.05-1.17. VERY BULLISH! (Bullish is good, bearish is bad in the market lexicon).
Why is this stock set-up for island creation? Many reasons:
1. Institutions only own 5.5% of the 57.5 million shares---- extremely low, especially for a company that has been "public" for over 10 years with a world-class disruptive technology.
2. The real float is much smaller than the stated one by dint of "insiders" owning 14 million (ish) shares and large individual owners like my family owning many millions more that are not publicly disclosed.
3. The 10,000-15,000 small retail accounts that make up the rest of the stock ownership are tough as nails, having been battered by countless delays in the development of this technology. That they hung in there to this point means they should not consider selling as the price rises. They know the ages of the management and the BOD and have certainly understood the implications of the creation of the Preferred A stock. They will await their "mother lode" when the buyout happens.
Conclusion: The institutions are grossly on the outside looking in and will want to reverse that position with the start of an upcoming investor relations "push" coupled with very positive PRs. They will have to be very aggressive in doing so, thereby creating repeated "islands" as we move through 2016.
Recent NNVC News
- NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • InvestorsHub NewsWire • 05/02/2024 02:07:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:53:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:55:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:44:48 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/04/2023 09:08:49 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:30:41 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:44:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/01/2023 08:46:45 PM
- Clinical Trial of Broad-Spectrum Antiviral Drug NV-CoV-2 is Progressing Well, Says NanoViricides - NV-CoV-2 is Positioned to Fulfill Many Unmet Medical Needs • InvestorsHub NewsWire • 07/06/2023 03:16:37 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM