NanoViricides Inc. (NNVC)

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AN EMBARRASSING ENCOUNTER

In early 2013 I wrote a private memo summarizing a meeting I investor had with Gene Seymour in January of 2013. In that memo I listed some milestones expected for the end of that year and the end of 2014 and my impressions of the company. I circulated it among a among a small group of investors I knew. It was not intended for general circulation and I said so at the time. However it went to a few more folks including a handful of small funds.

I had the misfortune of being at a gathering recently where I was reminded of the report by someone who read it. It was mildly embarassing. This individual sent me a copy the next day. What was staggering was my level of optimism at that time. There it was in black and white. What we remember is one thing. Seeing something is writing is another. I was one of the cool-aid imbibers...eye opening, instructive and a bit humiliating.

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