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Guess an 8% rally might look pretty good to them then, huh?
Could get awfully lonely around here...
Definitive close above 200-day; 1st time post libel! Definitely suggests a march up at least to $5, the previous range from late last year. We closed today at about a five month high, and volume came in just above average.
Definitive close well above the share price range from early February of the days just before the publishing of the libelous article, so the market has now officially decided that the contents of that article were false and the market has now officially, totally dismissed it. Good-by any fictitious "cause of action" for the ambulance chasers. You'll never hear from any of them again, ever.
Perhaps we get substantive news on Monday?
Best to all.
Traders who're never wrong guarantee NNVC hits $0 in the near future!
SHORT THE STOCK NOW! FREE MONEY!!!
Best to all.
SHORT MORE! FREE MONEY! SHORT MORE! FREE MONEY!
No, I disagree. Nothing to see here... move along...
Anyone already short should SHORT MORE today!
Any trader who's thesis is that NanoViricides is overpriced should SHORT MORE! You can't go wrong, right? Surely the market will soon realize the validity of your arguments and show your views of the company to be correct, yes?
SHORT MORE and reap this windfall that all of the foolish company supporters are throwing your way. And if share price goes to zero, then YOU GET TO KEEP IT ALL!
Whooo... ambulance chasers! Whooo... law suits! Whoo... "insider trading"! Whoo... "lifestyle something or other"!
FREE MONEY! SHORT THE STOCK AND KEEP IT ALL!!!
Best to all.
True, moderate volume, but late day melt up?
Up 5% at 4.56! Well above the 200-day MA!
We'll see how we close, but here with half an hour to go it certainly looks like a nice pop and a strong close!
Best to all.
Traders who believe shares are overpriced should short the stock, just as traders who believe far higher share prices are coming in the future should hold or buy more.
Best to all.
$4.47 is fresh post-libel high! It's also above the 200-day MA at about 4.37, and above the closing price of trade the day before the libelous article was published in early February.
If we hold and close above the 200-day it would seem to be a pretty bullish sign, with the next obvious technical target somewhere around $5, where the stock spent many, many weeks late last year and early this year.
Any trader foolish enough to still be short this stock, given the bullish occurrences and significant share price rise of the past few weeks, probably isn't having a good day today...
Best to all.
"No spin necessary" suggests what, that there are times here when "spin" IS "necessary"?
And in this context, what exactly is "spin"?
"Necessary" for what? Necessary in the pursuit of a legitimate, honest discussion of NanoViricides on this forum?
Best to all.
My lawyer says the reason that no outcome has yet been published is due to one of two reasons. Either the Judge has taken the case and will issue her ruling soon, or the two parties have told the court they intend to settle between themselves outside of court and will agree upon and submit a settlement to the court.
Either way, a final outcome should be known soon, probably within days.
Best to all.
NNVC NEWS RE: SA COURT CASE!!!!!!!!!!!!!!!!!!!!!!
Progress: NNVC -vs- SA in NY Supreme court.
Through my attorney I'm closely following the NY Supreme Court proceedings in which NanoViricides is suing Seeking Alpha to force disclosure of the identifying information for "Pump Terminator", the anonymous (for now) author of the libelous article published in January. The intent is to learn the identity of the individual responsible for publishing the libelous article and sue him or her directly for significant damages, both financial and reputational.
The parties met twice before in court earlier in the spring resulting in agreements for postponements, news of which being immediately entered in the official court records. The full hearing was finally held two weeks ago on June 2nd, and no outcomes or decisions have been officially entered in the record. I'm told this is either because the judge is considering the merits and is yet to rule, or the parties have agreed to settle among themselves and have yet to finalize the language and have it accepted by the court. Either way, a resolution of the action to force disclosure of the identity of Pump Terminator is soon to come.
My attorney believes it is very likely that SA will be compelled to disclose the identity. He states that while people have a right to free speech in such situations, they do not necessarily have a right to anonymity in the exercise of that free speech. This is especially true when elements of the speech can easily be shown to be false, and clear harm to the aggrieved party has been demonstrated.
Assuming the identity is disclosed, future litigation will focus on the issue of libel directed at the individual author, with NanoViricides attempting to prove that the author knowingly published false information, perhaps with the intent of reaping financial gain. Large monetary compensation will likely be sought by NanoViricides.
Best to all.
I can't speak to what has been true in the past, but in this instance I'm pretty certain that SA will be compelled to disclose to NanoViricides the identity of "Pump Terminator", the author of the libelous article which appeared in their online magazine in early February.
I'm not a lawyer, but my understanding is that the right of "free speech" gives people the right to publish most anything, but with that right comes responsibility. If the material published can be shown to be largely non-factual, and if it can be further shown that the non-factual material has caused harm to an individual or company, then the person publishing the non-factual material can be sued and held in judgement for civil damages.
Further, there is no constitutional right to anonymity of speech (which is the focus of the current NNVC -vs- SA court proceeding in NY). Regardless of the contract the author has with SA regarding anonymity, if a court with jurisdiction can be convinced there's the possibility or likelihood that the speech both was non-factual and caused damage, then the court has the authority to compel the disclosure of the author's identity so that the plaintiff (NNVC) might have their day in another court regarding their libel accusation.
Finally... if it is shown that the individual financially profited from the publishing of material he or she knew to be non-factual, then the door is open to criminal charges of Stock Manipulation brought by the FBI or SEC, irrespective of any civil proceedings brought by NanoViricides.
I wouldn't want to be "Pump Terminator"...
Best to all.
The day before the article was published, Monday Feb 10th, the range of NNVC stock was a high of 4.55 and a low of 4.31. Today intraday we traded briefly up to 4.35. That puts today's share price range inside of the range from the day before the article. Therefore the gap caused by the publishing of the libelous article has been closed.
You're correct that share price had been trading in the $6 and $5 range in the weeks ahead of the publishing of the article, but had begun a slow decline, as evidenced by the Monday Feb 10th, pre-libel price action detailed above.
Best to all.
I'll leave for others to decide if being down less than 1% intraday after a 35% run over the past three weeks is "tanking".
Best to you...
and who would have caused that anguish? PT and SA.
re: YIKES LOOK AT THIS!
Today's full post-libel intraday share price recovery makes it clear that any harm caused to shareholders as a result of the publication of the libelous article in January is 100% the result of and responsibility of the author and publisher of that libelous article, and not the responsibility of NanoViricides.
The fact of this full recovery in share price undercuts all of factual misstatements and specious assertions made in the article, and shows NanoViricides to be not responsible on a material basis for the share price declines of the past five months (i.e., if the contents of the article were in any sense true, share price would not have recovered). Moreover, today's share price recovery shows NanoViricides to themselves be a victim of the publishing of the article, and a victim of the price declines, not their cause.
Anyone holding shares through this entire ordeal have today been made whole. They have not been harmed. Only those shareholders who panicked and sold shares on that day or subsequent days have been harmed, and that harm is the responsibility of the author and publisher of the libelous article, "Pump Terminator" and "Seeking Alpha".
No proceedings against NanoViricides were ever started by those half dozen opportunistic law firms listed by NewMoney, and none ever will be. Clearly, no ambulance chasing law firm would consider beginning proceedings against NanoViricides when the only evidence of harm is the direct result of publishing of the article itself. The cause of action would be against the author and/or publisher, brought both by damaged shareholders and soon by NanoViricides itself.
Best to all.
In my experience, "gaps" are generally considered "filled" on the basis of share price, irrespective of volume.
Your observation is a good one, however, in that the huge volume on that day is representative of the harm caused to shareholders by the publishing of the libelous article in SA. It goes to the demonstration of damages to shareholders, and should NanoViricides eventually file and win a libel case against the individual who published the article.
Best to all.
Progress: NNVC -vs- SA in NY Supreme court.
Through my attorney I'm closely following the NY Supreme Court proceedings in which NanoViricides is suing Seeking Alpha to force disclosure of the identifying information for "Pump Terminator", the anonymous (for now) author of the libelous article published in January. The intent is to learn the identity of the individual responsible for publishing the libelous article and sue him or her directly for significant damages, both financial and reputational.
The parties met twice before in court earlier in the spring resulting in agreements for postponements, news of which being immediately entered in the official court records. The full hearing was finally held two weeks ago on June 2nd, and no outcomes or decisions have been officially entered in the record. I'm told this is either because the judge is considering the merits and is yet to rule, or the parties have agreed to settle among themselves and have yet to finalize the language and have it accepted by the court. Either way, a resolution of the action to force disclosure of the identity of Pump Terminator is soon to come.
My attorney believes it is very likely that SA will be compelled to disclose the identity. He states that while people have a right to free speech in such situations, they do not necessarily have a right to anonymity in the exercise of that free speech. This is especially true when elements of the speech can easily be shown to be false, and clear harm to the aggrieved party has been demonstrated.
Assuming the identity is disclosed, future litigation will focus on the issue of libel directed at the individual author, with NanoViricides attempting to prove that the author knowingly published false information, perhaps with the intent of reaping financial gain. Large monetary compensation will likely be sought by NanoViricides.
Best to all.
$4.34 intraday is a post-libel intraday high! This is the highest share price printed since the collapse due to the libelous article published on SA back in January.
Today's price action is significant for two additional reasons. First, we're now right up against the 200-day MA. Over the past few weeks we've marched above the 50-day, 100-day, and 150-day MAs, leaving only the 200-day to be tested. It crosses today at around $4.36. We last traded above the 200-day only briefly, back about a week after the SA article.
Second, at $4.34 we've now traded within the price range of the trading day previous to the publication of the libelous article. So with today's early price action we've closed the five month long gap caused by the libelous article, and essentially erased 100% of the deterioration caused by that article. Perhaps facts and rationality have won out over hysteria and baseless fear mongering after all.
Both of these second factors would represent a logical place for the share price advance to temper and hold, at least temporarily. The sharp upside potential of a powerful short squeeze due to high short interest, and new buying pressure due to the pending inclusion of NNVC into the Russell indices remain, so it would seem that resolution to the upside is likely after perhaps a short rest.
Best to all.
NanoViricides Demands Retraction of Baseless, Inaccurate Libelous Article by an Anonymous Short Seller Posted on SeekingAlpha Website
http://finance.yahoo.com/news/nanoviricides-inc-demands-retraction-baseless-120000926.html
NanoViricides, Inc. Demands Retraction of the Baseless and Inaccurate Libelous Article by an Anonymous Short Seller Posted on SeekingAlpha Website
NanoViricides, Inc.
February 14, 2014 10:06 AM
WEST HAVEN, Conn.--(BUSINESS WIRE)--
NanoViricides, Inc. (NYSE MKT:NNVC) (the “Company”) has demanded from Seeking Alpha the removal of a damaging, baseless and inaccurate article posted by a person who was shorting NNVC common stock.
It is obvious that the anonymous author of this article orchestrated the publication of this article in connection with a massive short position which this person was a major beneficiary of, possibly in collusion with others. The article was clearly designed to manipulate the price of the Company’s common stock downwards for significant personal gains for the persons with short position in the stock including this anonymous author, at the expense of the Company’s shareholders. The article is pure libel, full of numerous false statements, inaccuracies, innuendos, is not based on any factual information about the Company, and twists many facts to fit the person’s motivation to cause a damaging view about the Company. The article has caused significant damage to the Company and its shareholders.
The Company has demanded retraction of the article from the SeekingAlpha website and disclosure of the identity of the anonymous person who posted it. The full text of the demand is posted on our website under the item: “NanoViricides Demands Retraction of the Damaging Article by an Anonymous Short Seller Posted on SeekingAlpha Website”.
The Company is also preparing a complaint to file with the Securities and Exchange Commission to request it to investigate this stock price manipulation.
NanoViricides, Inc. is fully prepared to seek appropriate legal action against parties involved in this libelous attack.
What you just posted is not true.
That libelous article was published a few weeks ago.
Utter nonsense.
SA chose not to retract the contrived, libelous article. In my opinion it is a decision they will regret.
Nanoviricides has progressed from a pink sheet shell, all the way through two separate uplistings, to now being an NYSE group listed company. NanoViricides has clearly beaten the odds at every turn.
The valuation makes perfect sense, or is in fact even low, because if successful with their pipeline of various viral drug candidates, they will own markets worth BILLIONS of dollars per year in sales. BILLIONS.
NanoViricides has been an SEC FULLY REPORTING company with AUDITED FINANCIALS since 2007.
And none of that, whether true or false, has anything whatsoever to do with NanoViricides, or their prospects of winning a libel suit against the self-described short seller author who wrote the libelous article, or Seeking Alpha which published it.
It's only been two weeks...
NanoViricides has nothing whatsoever to do with "China"!!!!!
The article was too preposterous! NanoViricides will not let that libelous nonsense stand.
NanoViricides has nothing whatsoever to do with "China", and any suggestion to that effect is ridiculous on it's face.
Agreed! And here's the link to the actual Retraction Demand letter:
http://www.nanoviricides.com/SERVER-AL1CTIP5_Exchange_02-13-2014_13-10-03.pdf
best to all!
NanoViricides has nothing whatsoever to do with "China".
And I guess sometimes things do happen for the first time... amazing things... like the NanoViricides' robo nano bots (did I get that right) that actually do cure viral disease and will make the company and its shareholders rich, or the advent of microprocessors, motionless little blocks of plastic that can think and solve problems, or even some fanciful technology that claims to be able to turn plastic into oil! They all sound pretty impossible, but who knows???
Oh, they have Manhattan attorneys for that! And you can bet the issuance of a retraction demand and subsequent PR was with the blessing of those said high dollar Manhattan attorneys.
So, that means NanoViricides WILL pursue legal action, as they stated, against both the libelous short-seller author, and against SA for sanctioning it and refusing to pull it down. This WILL get interesting!!! I'll bring the popcorn...
Yeah, I saw that SA hasn't taken the libelous article down. I'm guessing at some point they'll wish they had...
I was busy and away that day, but two friends called who are NNVC shareholders wanting to know what I thought. After scanning the garbage article on SA and seeing that it was full of wild, made up nonsense, I knew the market would dismiss it in pretty short order (which it already mostly has), so I told them it was a buying opportunity! They both bought more around $3 that day.
So they're both sitting on a nice 30%+ appreciation of those new shares just in a few weeks! But I'm guessing there were those people who upon reading the article, rather than buying shares, decided to short NNVC stock there in the low to mid $3's. Wonder if those traders are still holding on to their underwater positions. But, they'll just be more fuel to the rally fire when they're forced to cover at even higher prices, so I'm fine with it.
Let's talk about scary and scam sounding...
NanoViricides Demands Retraction of Baseless, Inaccurate Libelous Article by an Anonymous Short Seller Posted on SeekingAlpha Website
http://finance.yahoo.com/news/nanoviricides-inc-demands-retraction-baseless-120000926.html
NanoViricides, Inc. Demands Retraction of the Baseless and Inaccurate Libelous Article by an Anonymous Short Seller Posted on SeekingAlpha Website
NanoViricides, Inc.
February 14, 2014 10:06 AM
WEST HAVEN, Conn.--(BUSINESS WIRE)--
NanoViricides, Inc. (NYSE MKT:NNVC) (the “Company”) has demanded from Seeking Alpha the removal of a damaging, baseless and inaccurate article posted by a person who was shorting NNVC common stock.
It is obvious that the anonymous author of this article orchestrated the publication of this article in connection with a massive short position which this person was a major beneficiary of, possibly in collusion with others. The article was clearly designed to manipulate the price of the Company’s common stock downwards for significant personal gains for the persons with short position in the stock including this anonymous author, at the expense of the Company’s shareholders. The article is pure libel, full of numerous false statements, inaccuracies, innuendos, is not based on any factual information about the Company, and twists many facts to fit the person’s motivation to cause a damaging view about the Company. The article has caused significant damage to the Company and its shareholders.
The Company has demanded retraction of the article from the SeekingAlpha website and disclosure of the identity of the anonymous person who posted it. The full text of the demand is posted on our website under the item: “NanoViricides Demands Retraction of the Damaging Article by an Anonymous Short Seller Posted on SeekingAlpha Website”.
The Company is also preparing a complaint to file with the Securities and Exchange Commission to request it to investigate this stock price manipulation.
NanoViricides, Inc. is fully prepared to seek appropriate legal action against parties involved in this libelous attack.
Completely non-factual.