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Hmmm, where did you first hear that the issue is they can’t manufacture to scale and never will be able to and Diwan and Seymour know why?
Oh yeah, some liar said it years ago.
How lucky can I be with these made up guesses about what’s happening with the company? It’s uncanny!
Diwan’s salary increase is well deserved as he is executing his initial plan brilliantly.
This is factually incorrect. "Many" is not accurate. Less than many were in animal models. MOST were in vitro.
Can't discuss.
But I imagine some people have already been approached.
Seymour stated publicly that they had already manufactured sufficient materials for PHE and MERS, but were just waiting for PHE to request it.
This was not true.
That's coming out in the deposition.
What if there were material negative results from the labs that were not released, or were intentionally misrepresented?
Ut oh!
I wonder who else has been approached already by lawyers working on the class action?
(and yes, for contingency)
If you knowingly misrepresent facts in order to create an unrealistic portrait of the company's status (either in terms of product development or financials) that is fraud.
If you knowingly withhold material information (positive or negative ) in order to create an unrealistic portrait of the company's status, that is fraud.
There are numerous cases where this has happened.
of course one can, Seymour thinks he's done it (but the class action lawyers think otherwise).
oops!
Nah, I believe this scheme was specifically built and designed at inception to do what it has done, namely make the founders wealthy while never delivering anything. He thinks it was a legitimate endeavor with viable and revolutionary science behind it, and the founders are good and honorable men, that only became common liars and thieves once they realized their plans weren't going to work, so they needed to lie.
I just don't see how that is feasible, and even if it were, it still means at some point, these 2 became common (though wealthy) thieves and absolute liars.
Seymour's family now see him for what he is, but can't confront him because it's too awkward.
But what do I know? I make everything up.
A. Liar
I agree. Always attack the messenger regardless of how accurate their posts are. Disregard anything that is said by anyone who remains anonymous on a chat board.
Bwahahahahahahahaha!
I.M. Aliar
I agree. Just saying this is a scam repeatedly, and calling Seymour and Diwan crooks and liars wasn't specific enough.
Reading the claims made by the company that never came close to fruition and the contradictory statements made by Seymour on numerous occasions wasn't specific enough.
The repeated claims that they can't make it, have no intention of bringing a product to market were not specific enough.
Now that we see he wasn't allowing access to the books, that is convincing.
Some people need to be hit with a 2x4 between the eyes 100 times before they realize maybe that's the cause of their pain.
But never forget, I'm a liar, who made up everything I've ever posted and was insanely accurate simply out of sheer luck.
Really? You think?
Oh yeah, I'm a liar.
They manufactured crazy $$$ for Seymour and Diwan.
Just waiting for UK to ask for the MERS treatment. It’s all ready to go according to seymour.
Bwahahahahahahaha!
His family must be very proud! Aren’t we?
Bwa bwa bwahhahahahahahahaha!!
Good guess, but that's not how and why this scheme was hatched.
Look at the players, look at what they'd done in the past, what they were doing then and what they're doing now...Leo, Mennon, Seymour...once Seymour met Diwan, Seymour knew how to put it all together, he had done this in the past Knew the process and the players. Diwan needed an anglo to front it and Seymour needed something new to do that played on all his "experience."
It's been free money for them ever since. And still is BTW.
The pattern is so astonishingly clear there can be no doubt about intent.
Mennon and Leo we’re both officers with Nanoviricides. That should tell everyone all they need to know.
I still remember Eugene Seymour telling anyone who would listen what a great opportunity Cellucitix was (trading at close to $4 at the time).
Birds of a feather...
It was supposed to be a bit sarcastic, but your point is valid. However, to get specific, if one truly believes that something is factual, then they can not be accused of lying. I’m absolutely not claiming this in seymour’s case as I believe he knew exactly what was going on with the development (or lack there of) of the ‘cides. He knew they couldn’t make one in a few weeks, he knew there was no way for them to manufacture duplicate batches, and he knew that none of the events he claimed were going to happen were going to happen.
It’s not a lie if he believes it and he still thinks everything he said was true.
Some call it dillusional. But as this was identical to how he operated stat-sure, I think it’s clearly intentional and his coping mechanism for being a real piece of shit.
Or as trendy would say: just overly optimistic.
Bwahahahahahahaha.
This is absurd. Just because NNVC didn’t follow the same course of action as Theranos doesn’t mean there was no corporate fraud.
Your continual need to justify the conpany’s actions as “simply trying and failing, overly optimistic” is ignoring what was said and know to be false. Making a false claim is not the same as being optimistic.
There were things know that we’re not revealed, and there were things revealed that the company knew were false.
That’s what makes it corrupt. Whether it was at inception or somewhere else down the road (we’ll have to agree to disagree on this point), it is not possible to claim there was not fraud perpetrated.
Sorry friend or family member.
Not every “pioneer” lies and decieves. To say all those pushing boundaries of new exploration have “dirty hands” is completely false. No one is claiming they should not get paid for performance...actually I think that is what everyone was asking for. Unfortunately, they paid themselves handsomely, including bonuses and annual increases without performing. When you add in the clearly intentional corruption that occurred, either at inception or later in the scheme, I do not understand how anyone can argue that their monies were earned and well deserved.
However, imagine what people would be saying if there were transparency and good HONEST communication, so that investors were able to make informed decisions about their interest in investing or staying invested in the company. Then if we were where we are now, I don’t think there’d be as much anger and frustration with management. Would you agree?
The amount they made was enormous compared to what they delivered.
Your logic is illogical. Saying the millions they made is irrelevant because if they had done any of the things they told investors they were going to do they would have made significantly more is just absurd.
Now where have I been hearing that the issue is they can not make a replicatable, identical batch at any scale?
So you're saying there ARE those who reward risk and failure?
I'm confused.
Weren't you the one who said these 2 started out with good intentions and then when things went awry, they HAD to resort to deception to save face with family and friends and whatnot?
You are asking a what if when we have an actual what happened. And what happened was they failed, they knew at some point (we can disagree on whether it was at inception or at some other point down the road) that they weren't going to be able to do what they set out to do and instead of candor and honesty, we got deception and in my opinion corruption.
Do you believe there was NEVER any deception or attempt to keep investors and the public from knowing the true state of their enterprise?
Should people who either start with corrupt intent or become corrupt be rewarded?
Should people who either start with corrupt intent or become corrupt be rewarded?
You are wrong on both counts.
It was created and developed as a scheme and I believe there are legal cases coming?
I’ve already been contacted, multiple times, to provide information.
Should I be cooperating?
Bwahahahahahaha!
I think it's less schadenfreude than "i told you so."
The bears were so seriously maligned for so many years, and yet they were absolutely correct on almost every point.
It's really just gloating.
But as you seem to be condemning those who take pleasure from others misfortune, do you believe that Diwan or Seymour feel one iota of remorse, guilt or concern for anyone they've hurt with this scam?
No downside for a new CEO. If they go bankrupt, it was inevitable and not their fault, but if they make it move, they are winners. As there is nowhere to go but up, it IS all upside for a new CEO.
But all moot. Diwan won't let it happen.
Your point was clear:
But we are talking about compensation for his role with NNVC, which you said was “well deserved.”
Regardless of what he may have done in the past and how that will be interpreted by history (our opinions differ on the “hero” label), that has no bearing on how he should be compensated for his work at NNVC.
Why specifically is it well deserved? He was the CEO and had fiduciary responsibility for this company as well as responsibility to make progress towards getting a drug to market or at least testing.
He's failed miserable at both.
What he has done is enrich himself and his family.
How is any compensation well deserved?
Please explain how he is responsible for that and how the long shareholders are benefitting from that?
I acknowledge that this was only done through shikanery and has been of no value to long share holders.
Perhaps that was what you meant by this must be acknowledged?
Bill Gates to donate $12 million to fund research for universal flu vaccine.
I wonder how much of that Nanoviricdes will get?
Bwahahahahahaha!
1) S & A
KM is correct, normally I would be concerned about this, but as there were many people there, and many more they (S &A) met with that day, I'm not concerned.
Thanks for your understanding of my circumstances KM.
Ok, what if I heard it from them only an hour or 2 after the flight?
Would that be of consequence?
I believe there is a difference between broad stroke financial predictions and developments about product.
But as it’s all just lucky guessing, it’s of little consequence.
What if it was heard from THEM, an hour or so after landing?
But remember, I make everything up and can not be trusted.
My record for accuracy is by sheer luck.
Right KM? ; )