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Remember that sell 13000 shares now is equivalent to selling 230,000 shares pre-split. So it's not as bad as it seems.
They only fooled me 12 times, but that was enough times for me to lose a small fortune. I could have sold at $3 and made a bit of money, which would count as a triumph for this stock.
My only regret is that Rawnoc is no longer with us to enjoy this second 2 clams moment.
The days when a fluff bomb PR could raise the stock price are gone. The only thing that could send the stock price up is NNVC actually getting something significant done, like starting Phase I trials.
The last suckers who bought some new shares bought at something like 30 cents, pre split, if I recall. That'd be like buying at $6 now. They have to hope for a triple to get their money back.
I can just see sophisticated investors lining up at the door for a new offering.
Yup. For some reason it's much harder for the stock to go from 0.18 to 0.11 than it is for the stock to go from 3.70 to 2.20.
Wow. 2 clams is coming much faster than I expected. That's one thin dime prior to the latest reverse split. 2.8 cents prior to the reverse split before that.
From the bull's only board:
Remember that even Madoff's investment fund didn't start off as a ponzi scheme.
2 clams.
My official prediction is on. Keep in mind that this is 5% of Rawnoc's original 2 clam prediction.
Yeah, on the license for Shinglecide Dr. Diwan can't even reach agreement with Dr. Diwan.
I'm thinking of shorting after the reverse split myself. I'd like to make a little bit of the money I lost back. Think of all the money I could have made had I shorted after the first reverse split and listing on the NYSE.
NNVC is now well below the lowest price I ever saw for the stock *before* the reverse split that get NNVC listed in the first place.
There was a total of $5000 of trading in NNVC today. Amazing for a listed stock.
Well, anybody buying at 20 cents now is betting that won't happen.
If nanoviricides prove to be manufacturable that won't require rewriting any physics (or biology) textbooks. If hydrinos actually exist that will require rewriting the physics textbooks. There's implausible, and then there's *really* implausible.
A trip down memory lane:
Remember when Rawnoc first predicted 2 clams? And how he was hated for suggesting that such a low price could ever be reached?
Now if we knew 2 clams was coming (without a reverse split) we'd all be buying with both hands to get our 10 bagger.
I now make an official prediction of 2 clams within 15 months *after* the newly announced split.
In theory a stock split or reverse split is a neutral event -- you wind up with the same fraction of the company after the event as before. But in practice prices tend to go up after stock splits and down after reverse splits. Especially the latter, when it is done simply because a company is in such desperate straits that it needs a reverse split just to stay on an exchange.
I don't think there's a hard lower bound on NYSE stock prices. But I'm sure that when your company stays under 25 cents for a long time there starts to be pressure to do something about it.
I'd be more hilarious if I had sold at $3. Or $6.
I see that NNVC is still negotiating the license for Shinglescide. Amazing, considering that this is Dr. Diwan negotiating with Dr. Diwan.
I'd say there's a real difference. There's a chance that nanoviricides will work, be approved by the FDA, and eventually even be manufacturable, although NNVC will probably run out of money before that happens.
To believe in BLP you have to believe that the most successful physical theory of the past century, quantum mechanics, the theory that explains chemistry and makes solid state electronics possible, is false. At least nanoviricides don't require you to throw out your physics textbooks.
Well, well, NNVC only lost $1.04 million in cash over the last quarter. The company may last more than another year so long as it doesn't spend any money trying to get some 'cide developed and approved.
I could now buy back my shares at less than one quarter of what I sold them for. Strangely, I have no temptation to do this.
When is the next quarterly report coming out?
The brilliant thing about Theracour is that it's making Dr. Diwan rich even if 'cides never get to market. Sure, he could become a billionaire if 'cides actually work and are successful in the market. But as it is, his worst case scenario is to retire comfortably as a millionaire. Too bad the same can't be said about his investors.
I feel like a genius for selling at $1.
I feel like a moron for not selling at $3.
I'm afraid you're right. Theracour Diwan will undoubtedly take NNVC Diwan to the cleaners.
While the NNVC board does have to approve of the license agreement, this does seem to be pretty much Theracour Diwan negotiating with NNVC Diwan, with it being to Diwan's advantage for Theracour Diwan to get the better deal. Back when NNVC had a CEO not named Diwan, they could at least make a pretense of having arm's length negotiated licensing deals.
This would have been great news 3 years ago. As it is, the facts remain -- NNVC is in a race to get enough done before the money runs out to be able to attract more investment. The money should run out before this year ends. So NNVC is stuck between a rock and a hard place.
Yes, that would have been great news 3 years ago. Now anybody buying (or holding) has to guess whether NNVC can do enough more before the money runs out.
At the current rate of expenditure NNVC will be tits up in about 7 months. To buy now you have to believe that before then:
1. NNVC will finally get a license to Herpescide.
2. Tox will be completed.
3. Phase I studies will be initiated.
Only then would NNVC be able to raise enough additional money to stay in business.
I'm impressed that the price stays above 20 cents. Hope springs eternal with NNVC shareholders.
I figure the recent stock sale extended NNVC's lifespan by about 3 months. So I expect NNVC to be bankrupt by November.
I agree that Rentech's NNVC position is seat cushion money for them. But still, any program that bought NNVC is buggy and probably bought other dogs as well. It's time to shut that program down.
Rentec is the biggest institutional NNVC shareholder now. They have 913,160 shares. Do they really expect to get rich on this? Or are they now NNVC's biggest market maker, scalping pennies here and there? The problem with the latter theory is they never report a short position, which would actually be the position that would make money most of the time. If this is intended to be a real investment and was picked by a computer program, they have some debugging to do.
It is fortunate for other bag holders that they have Rentec's mad investment bot holding up the share price.
There's no requirement that NNVC own the IP. They've always been the front man for Theracour/AllExcel. The profits go to Theracour/AllExcel, of course. Indeed, when NNVC runs out of money some time in the next year Diwan has the option of just shutting down Theracour/AllExcel and retiring on the money those companies have in the bank.