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Despite the last reverse split I see that NNVC has been well below 2 clams for some time now.
I expect to see another reverse split eventually, followed by a reduction to 2 clams again.
No matter how many reverse stock splits are done, 2 clams is always in the future.
I see NNVC is doing covid cides now. The one thing you can rely on with NNVC -- they're always working on the disease-of-the-month.
One of the dumbest things I ever did was buy a lot of shares in NNVC.
One of the smartest things I ever did was sell NNVC, at a loss, but a lot less of a loss than I'd have now if I held it.
Once again NNVC is well below 2 clams, despite the last reverse stock split.
We won't be able to make another 2 clams prediction until there's another reverse split.
Imagine still having faith in this stock.
5505 shares traded today. But pre-split, that would be equivalent to 275 shares trading. Liquidity is in the toilet, right along with the stock price.
I don't know whether I'd call this train wreck incompetence or fraud.
I do know that having Theracour own all the intellectual property while NNVC had to pay for a new license for every new 'cide it had already paid to develop stank like a rotting fish. Smarter people than me avoided this stock entirely because of that arrangement.
Just curious...
Is anyone on this board still holding this stock?
2 clams!
I remember when Rawnoc made that notorious prediction, before the 1 to 20 reverse split. Bulls hated him, because he kept being right. That 2 clams would be $40 now.
Stock holders should keep this in mind -- no matter how many reverse splits NNVC does, 2 clams is always in your future.
Remember -- that faster you lose faith in this stock the less money you'll lose.
Allowing for the latest reverse split, I sold out when this stock was almost 10 times higher than it is now. And I still lost a lot of money.
Well, maybe with a 9 to 1 reverse split.
Truer words were never spoken. I was once bullish but skeptical. Now I'm a true believer -- that nothing but losses will ever happen to NNVC investors.
Lol! NNVC is approaching 2 clams again, after a big reverse split.
I lost a lot of money on this stock, I'm just happy I got out before losing even more money.
The grift never ends. There will always be another scary virus, and always a promise by Nanoviricides to develop a cure for it, real soon now.
Well, a magnet for fools. I was a fool. I admit it. But at least I got out at a higher price than it is now (reverse splits taken into account).
It is possible to make short term trading profits on any piece of shit stock, so long as you are good at guessing where the price will go next. But for actual investors, this is a sucker's stock.
Think of all the people who bought this stock thinking they'd produce a cure for Covid-19.
And before that, all the people who bought this stock thinking they'd produce a cure for Ebola.
And before that, all the people who bought this stock thinking they'd produce a cure for influenza.
And before that, all the people who bought this stock thinking they'd produce a cure for HIV.
And along the way, all the people who bought this stock thinking they'd produce a cure for dengue.
All the while, in split adjusted terms, the stock dropped from a buck to under 6 cents.
You know you have a lousy stock when longs are bitching and moaning about shorts. You don't see holders of Apple doing that.
I haven't been on this board in a long time. Is Dr. Diwan still CEO of NNVC? That means he regularly engages in negotiations with the CEO of Theracour, who is also Dr. Diwan. Dr. Diwan owns a higher percentage of Theracour than of Nanoviricides, so his economic incentive is to negotiate a good deal for Theracour.
How the hell is this legal?
There are a few newbies on this board. It's as if each generation of investors has to learn all over again not to put money into NNVC.
I haven't posted here in a while. How's that Covid19cide coming along? Is Shinglescide in phase I trials yet?
Just a reminder -- the current price is under 10 cents if you undo the previous two reverse splits. 90% below the price I first bought a few shares at, years ago. Long term investors are still screwed.
It's outrageous that this stock is still above $5.
In the video Dr. Diwan points out that you never have a vaccine for a new type of virus when an epidemic starts -- it takes at least 3 years to develop one you can use. He failed to point out that Nanoviricides has never produced a drug you can use in three years time. If fact, it has not produced a drug you can use in 10 years time. There's still no Flucide you can buy to treat flu. Still no Shinglescide you can buy to treat shingles. And don't forget HIVcide.
I have to give Diwan credit for his hype machine keeping the price above $2.
That's about how understanding how an antibody for SARS latches onto covid-19 can help them develop a vaccine for covid-19. NNVC doesn't even do vaccines. Do you do any due diligence at all?
I'd love to have been the fly on the wall when Dr. Diwan gives his B.S. spiel to Blumenthal. "Yes, it three weeks we can deploy a cure for any viral disease known."
It looks like the market is slowly coming to the realization that no, NNVC has nothing whatsoever to do with an effective treatment for covid-19.
Whenever I see somebody ranting about shares that he is certain were shorted naked I know he's a nut case holding too many shares of a loser stock.
The 20 to one 1 reverse split has already happened. That took NNVC from 20 cents to 4 dollars, which promptly dropped to $2. Then the corona virus nonsense started.
What's propping this stock up? It should be at 2 clams. (Yes, two post-reverse-split clams -- 5% of Rawnoc's original 2 clams.)
The conflict of interest is between Dr. Diwan and the NNVC shareholders. Diwan owns a much higher share of Theracour than he does of NNVC, so it is in his direct financial interest to transfer as much money as possible from NNVC to Theracour. And Diwan is CEO of NNVC.
I hope NNVC has stopped with the "war footing" thing. If they have any sense at all they will continue to develop Herpescide and just ignore corona virus entirely, given that there is no possibility they'll have a coronacide ready for use before the current epidemic is over with.
People are buying this stock as if it had something to do with corona virus. Fools and their money.
Virus fear will be done when this stock is back down to its natural level of $2.
You know nothing if you think a "drug will be announced soon", particularly if by "drug" you mean something that could be used on humans anytime the Wuhan cold is still an issue. If (big "if") NNVC is even working on a 'cide for coronavirus it will be at least a month before they have a 'cide they'd want to test. Then they'd have to try in on some animal models for some time, and probably iterate for some time with improved versions of the 'cide. In a year, assuming maximum speed, they'd have something to put through pre-IND toxicity testing. A year after that they might have IND approval, and can start phase I tests, which might start at best 6 months later. Three years from now, assuming NNVC proceeds much faster than it ever has before, they might be done with phase I trials. It will be at least 2 years after that before they'd get through phase II and phase III trials and a 'cide approved for sale.
So 5 years total is an optimistic estimate, and Wuhan cold will be a note in the history books by then.
Don't believe me? Go back to the start of this board and read about the long sad history of NNVC. I remember when 2018 was going to be the big year when NNVC finally got a 'cide approved for human use.
Smart move. The only financial survivors of NNVC are the ones who sell whenever they can lock in a profit.
No, NNVC recently raised some more cash so it can hang on for another 12 - 18 months. I have to admit I underestimated the ability of Dr. Diwan to keep selling shares at any price necessary in order to keep his cash cow afloat.
What's weird is that fears about the corona virus are driving up the price of this stock when it has no coronacide, and couldn't possibly develop one in time to do any good. It's as though fears about a plague caused people to bid up the price of a coal stock.