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Stocks get bought out for 5500% premiums all the time!
Do I sound like someone in a state of panic? I posted my portfolio which has over 100 stocks in it. There is nothing about Nanoviricides that can cause me panic. I am a permanent student of investing and psychology and this is certainly a great exercise in groupthink. Ostracizing anti-group thoughts doesn't work in capitalism.
I've never been long NNVC (I posted my account). I've shorted stocks like this for many years. But I understand the psychology of purchasers of microcap stocks that flounder. I am a fund manager who wants to see investors do better. This company is not good enough for all of you.
I guess. I wouldn't mind the price going up a little. I don't think what I say has an impact on the stock price. I hope it doesn't. That'd be a sad state of affairs. This is just a good observation tank for human behavior and is very typical of microcap holders of good shorts.
Message boards don't move stock prices. Get it through.
Well said. Dilution is a serious concern. The prospectus clearly states the challenges ahead and the capital required. Combine that with the inexperience of the team and the hurdles are clear.
Finally I submit that the HIV market is really the nano-sized part. Pharmaceutical companies have largely abandoned investing in HIV for a reason - we have functional cures (20+ approved HIV drugs, almost all PILLS). They're pills and these 'cides can't be made into pills. Game over for HIV.
Dengue is not really a market and there are numerous competitors. Anti-dengue drugs seem easy to make judging by the progress of various companies. Poor NNVC. No markets remain.
I understand the concept but how much ng/mL ng/dL of drug is required for mammals? Why no clarity on dosing? Never once have I seen real data. The dengue press release is especially humorous.
It's really easy to get drugs through the GI tract. Drug clearance and metabolism never blows preclinical projects up. It's fool proof.
That what you want to hear?
You don't think those SEC comments happened? Convenient memory. Oh no, they didn't overstate their claims. That didn't happen. The SEC was just being conservative.
When a bunch of lawyers in DC balk at your description of your 'nanotechnology/biotechnology' prospectus, you know you're in trouble.
I think the simplest explanation is the best. These drugs are not bioavailable, they are metabolized differently in man - something is up. You're not being told the whole story for a reason - or you would have at least an IND or phase 1 project. Not that a phase I study is anything to laud!
How can anyone be underwater shorting NNVC?
One success from unlikely beginnings does not pave the way for more and more. The odds are infintesimal here. Some other people have beaten the odds. Facebook had a Microsoft deal and was early to a great trend - social networking. Nanoviricides has been pushing the same idea for 30 years and has no support.
Why do you think nothing ever comes out of these collaborations? They deal with Bristol that was mentioned on a college message board (I still laugh about this)... that collaboration, etc. They're literally describing one or two meetings they had as their big opportunities. So funny.
Mice to human studies always translate well!
The SEC, like any reasonable individual, took one look at their claims and laughed. They said, there is no way you're going to write these outlandish things in a prospectus. They listed MANY, MANY claims that they required removal of. This is highly abnormal for boilerplate language.
You are naive to think otherwise--the SEC, who are not professional investors, realized how ridiculous these claims were.
Do I have to quote it again?
Total nonsense. Why must you defend every action this company takes? What they wrote in their initial prospectus was REPREHENSIBLE. They are simply liars. Menon's untruthfulness is another indication of this. What does it take for you to have a single negative thought?
Just chalk it up to inexperience. They probably thought this kind of behavior was okay (although Seymour should have known better, he was CEO of a public company).
They tried to claim HIV cures in their initial prospectus. They had to redact it because even the SEC wouldn't allow such nonsense. But you all believe it...
I wouldn't draw the parallel between a few diamond-in-the-rough companies and the rough.
It's not a hunch - basic scientific fact suggests these products cannot work or be commercialized. Probability of success of this business venture is zero or very close to it. This company will pedal anything they can get away with - witness the documents I linked. HIV CURE! LOOK HERE!
It's from their first registration documents. The SEC sent them a letter and they respond with their lawyers. It is downright hilarious how much malfeasance exists at this company. First the insane claims in their perspective, the Menon drama and the non-stop insistence of milestones that will never be met.
http://www.sec.gov/Archives/edgar/data/1379006/000114036107001307/filename1.htm
No. I am convinced this company will not exist in 3-5 years and will be a shell (it kind of already is) in 12-24 months.
Read the fraudulent nature of their comments. RIDICULOUS.
More SEC disagreements with Nanoviricides. Overstating and exaggering is a part of this company's modus operandi. You have all fallen for it.
Comment No 1:
Your Website at www.nanoviricides.com
We make reference to the homepage of your webpage where you state that you believe that “t is possible that some HIV patients may be ‘cured’ by drugs developed at NanoViricides Inc.” You also state that you hope to “spearhead” the efforts to making advancements in curing many viral diseases. In contrast we note the statement on page 6 of your Form 10 that you do not claim to be creating a cure of influenza, HIV or any other viral disease. Please explain the inconsistencies.
These statements have been deleted from both the Registration Statement and the Issuer’s website.
Comment No 2:
Additionally, given the current stages of your potential product candidates, it is inappropriate for you to suggest that any persons may be cured by using your products. For example:
•“Our long term research efforts are aimed at augmenting the nanoviricides currently in development with additional agents that together may lead to either total long term control of or, in many cases, even cure of many diseases.” (page 6)
________________________________________
LEVY & BOONSHOFT, P.C.
Securities and Exchange Commission
Page 2 of 27
•The Company does not expect HiviCide-I and HiviCide-II to cure HIV/AIDS in most patients.” (page 12)
•“It is possible that since the cells that carry the virus genome with their genetic material usually die in a normal cycle, known as apoptosis; an eventual cure in some patients may be possible with our HiviCide drugs.” (page 12)
Please delete these statements.
Zero. No shares short available today. I try every single day. When I get a slug I short it at wherever the market price is, without a single thought as to the exact price. As long as it's well above my $0.10 target, I'll short what they give me.
SEC has yelled at Nanoviricides: proof
•“We believe that we have developed technologies that may significantly alter the field of medicine in many ways.” (page 15)
•“Our first two HIV drugs. . . together are expected to be capable of attacking and neutralizing most of the existing HN strains, clades (or subtypes), and types. The Company believes that our HiviCide drugs will enable a long-term nearly virus-free lifestyle for most HIV/AIDS patients, beyond what is feasible today with HAART therapy.” (page 17).
•“[T]o the best of our knowledge it is possible that we have the world’s most efficacious drug to treat these viruses [human influenza and bird flu]” (page 43)
Given the preliminary nature of the development of your product candidates, these statements are inappropriate and should be deleted from your document.
These statements have been deleted from the Registration Statement.
I checked at JPM, GS and IBKR - those are pretty good brokers... guess I'll have to upgrade to Fidelity or wherever else has em. I suspect there are not 600,000 shares available or I would find them!
It's a great mechanism for correcting overvalued asset prices. They should begin to allow it for real estate, too. Otherwise people get comfortable with forever-rising asset prices, which leads to disaster. Nanoviricides is worthless - you'll learn your lesson in time.
It's been this way for a long time.
Which prime broker I'd be happy to try...
Buying spree? That's the best time to short!
I asked to short a measly 25,000 today and was DENIED.
It's also called an opinion. The SEC has censured NNVC in the past for being too promotional regarding its drug candidates.
LOL! Short selling is evil! Overvalued equities for life!
I don't think you know Seaside's reputation...
Yep, as I suspected you'll throw all your money away. It's probably less than one or two million anyway. Poor guy!
None of you have enough money or guts. File a 13G. Buy 5% of the company. It's only a few million dollars. Surely someone would have done this by now.
We love it when our shorts double and we get to short more at better prices. These actions are very short lived. I'd love for you to waste your money.
You'd be better off buying BMRN and other real, undervalued companies. But instead plow it into NNVC :) LOL
I had no idea. Thanks for the help. How do you think NNVC has advantages over the current drugs?
Very few. 5x in value, geez. I have to go back and look but definitely very few. Factive comes to mind (FACT). Yours are which? Congrats!
Didn't know that! Tell me more.
They can't do it because they don't have anything. Filing an IND requires toxicology, ADME, PK and PD data under cGMP conditions. This is three people in a warehouse in Connecticut. C'mon. Look at AVII if you want to see a real lab.
The first link on the board (regarding dengue) - does not work. Please fix the broken link. Thanks!