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Clearly Diwan is doing all he can to help the company move forward and get a drug through IND designation, even at great personal financial sacrifice.
Bwahahahahahahaha.
Another year and still no tox!
No tox completed in 2020 and no clinicals started in 2020.
This excerpt from the release should help explain...and is not at all a surprise:
That’s a standard dummy text used when making web sites or print material used for determining font, text sizing, color....
The bigger question is how NNVC is associated with this company. Check all the various addresses and lack of actual information about them on the web. The Facebook “friends” are mostly Latin American millennials, models and others that do not appear to have any professional association.
Really not surprising.
Is 12.7% a fair rate?
(thanks loanranger)
Is 12.7% a fair rate?
Yes, 30% not 33%. My mistake.
My assumption is that NNVC will spend the lion's share (which is the entire amount, not the largest amount) with Theracour.
But as I've said, I make all this up.
Not only is Diwan getting a 12% annual interest on his loan, but remember, 30% of all expenses (direct and indirect) go back to Theracour. So his $1M loan, gets him (at least) $333K off the top, plus NNVC pays him 12% interest on the entire $1M. If it all goes to plan after one year, he will get $1.453M return on his $1M loan.
This guy is good.
Shouldn’t be hard to remember as both of the quotes in my post were in the most recent filing.
AS I said 10 years ago, the only difference between a bull and a bear in NNVC is time.
They’ve had the lab for years. How much time and money have they saved as they advance towards regulatory approvals?
No tox in 2019.
No clinicals completed in 2019.
Let that sink in.
I agree. That guy/girl sounds like he/she has no idea what they’re talking about and any and all statements must be purely fictional. It’s just uncanny how accurate they’ve been.
There’s another simple explanation for why the company hasn’t been able to progress as quickly as they’ve stated, but seems to be difficult for some to acknowledge as even a slight possibility.
Isn’t it possible that this endeavor was set up to enrich those who hatched it? $98M is a pretty nice piece of change for 15 years of work without having to actually deliver a single credible result.
Maybe?
I was wondering, if they haven’t produced at kg scale, and they go out of business, what is the realistic negative impact for their “misleading” statements?
How could I possibly know what he’s up to?
What is not clear about: "Kilogram production has been done by combining multiple smaller batches"?
You say yourself that this isn't something you'd hear at check out at walmart, so what more elaboration do you expect knowing as you say that you don't expect me to name my source(s)?
Believe what you want. I make it all up. And remember this absurd statement:
It’s what sources tell me.
But please remember, I’m making everything up and am a known liar.
Right?
Questioning the source is always a good idea. I’m just surprised it never applies to questioning the company’s statements. (this is not directed at you).
Here's what's next from the filing:
I think you answered your own question by including my quote in the post.
Better be careful, an increase in negative posts here is interpreted over there as “something good must be coming”
So if I make up a lie out of whole cloth it's not as bad as if I make up a lie based on actual science?
I would think it would be the other way around, but I'm glad to hear that.
Bodes well as I'm very close to bringing my flying carpets to market.
Let me quote the former CEO:
"When the stock goes down, buy more!"
I think that says all you need to know.
Good luck.
Remember the company's position has always been that they couldn't use a CRO as that would expose the secret formula.
Bwahahahahahahahahahahahah!
You are providing very insightful and valuable information. Thanks so much.
I do not believe there will ever be Tox results announced, and we do not have confirmation as to what scale up has been achieved and more importantly, if it is identical/replicable.
But seriously, keep it up. Really helpful.
I would say 0-2 if you include Seymour...but Seymour left him the F alone to do his thing for quite a good long time.
CORRECTION: They’re paying him $36K/year for the next 2 years to keep him quiet.
Thank you Mr. Smartypants
They’re paying him $360K/year for the next 2 years to keep him quiet.
I'm not seeing what you are referring to?
What in the 10Q leads you to conclude that "Gene gets the last laugh"?
Yet Seymour took a raise and bonus when he was equally responsible.
Let’s hear your explanation for Seymoir’s letter to “fellow investors”
He’s trying to blame Diwan when he was either actively involved (he was) or mind numbingly ignorant (he is).
But he and his family made millions so to now act like a victim is further proof that he is truly a dispicable human being.
Where are the notes from then”major physicists at Harvard and MIT saying they think he is onto something g big? Has Mills released his paper solving for 1-3 electron atoms? Or is some evil publisher preventingbhim from releasing. What horsehockey.
There are plenty of credible publications that would gladly publish his results if they are replicatable and legit.
I do not believe he has lived up to that standard.
This is the same bs that NNVC spews. They are so revolutionary and disruptive that evil forces are trying to keep them from succeeding.
I wish people would stop blaming conspiracies and hold those making asinine claims accountable. Science isn’t political, it merely requires facts and proof. Something many here don’t seem to need to support outlandish claims made by NNVC (yet never proven or submitted for peer review).
Thank you.
Wouldn't the company be required to disclose any legal action taken against it?
I can try but when I see an announce that they are presenting 24 hours prior to the presentation, it doesn't give me much confidence in the company's ability to plan and communicate effectively. Either they were only now booked into this paid event or they were booked earlier and just now made the announcement. Either way, shows poor planning and communication.
And it is difficult to forget all the previous presentations at this and other similar forums that were 100% inaccurate and/or inconclusive with regards to any developments or information.
But otherwise, this is great news!
Correction: .0725
There are many here who bought in 10-14 years ago, at .30-$1 presplit thinking it was a high risk, high reward opportunity. They have almost all been fleeced.
houses.
Not sure the lawyers agree, but we shall see.