NanoViricides Inc. (NNVC)

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ILNL: I AM INCLINED TO AGREE

that there is no reason to give credence to what I say. Nevertheless, I will simply share my thinking and you and others are free to do with it whatever they wish.

A draft of the CEO has been written. When or if it will be published is another matter. Based on conversations I've had with other interested parties, none of whom are employed by NNVC, indicate there is considerable dissension in the ranks. While the disgruntled had been comprised exclusively of shareholders outside the company, that is no longer the case. One of the prime points of disagreement is the issue of transparency.

Just think about it from a logical perspective - if you were inside the company, either in the capacity of an officer or a member of the BOD wouldn't you be uncomfortable with claims that are at odds with the facts? While I don't believe there has been fraud, at a certain point lack of candor transitions into lying. Most people don't like doing that. One can only hide from the truth for so long, unless one is delusional. Most people are not delusional and they want to feel good about what they are doing. I firmly believe that and my belief is support by the bulk of psychological studies that have looked into the matter. (Ekman)

When a CEO letter comes, if it does, I will let the market's reaction be the judge. For the moment the stock is still in technical limbo. Liquidity and trading volume have dried up as the stock flirts with a key support zone.

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