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This is about ideas and opinions. On of the strangest opinions being that there's only one poster here with a lot of aliases.
As for NNVC itself, it is obviously a dead man walking. It will be flat out of money in about 9 months, unless it gets new financing, which, if it happens, will be on terms that are ruinous to existing stock holders.
Entries to the new strangle contest are closed.
Bull: NNVC closes at or above 0.50 before it closes at or below 0.28.
Bear: NNVC closes at or below 0.28 before it closes at or above 0.50.
arvitar Bear, Sep 23, 2018
JG36 Bear, Oct 1, 2018
300mph Bear, Dec 1, 2018
As usual, there are no bulls. What, no one believes NNVC could climb another 8 cents?
It's not an obsession to occasionally post about what the only NNVC bulls in the world are saying on the board created as their safe space.
In March 2018 NNVC had just under $11,000,000 in cash and valued their Shelton facility also at just under $11,000,000. NNVC is spending about $2.5 million per quarter. So in October they should have about $6,000,000 in cash. I figure the plant will have depreciated by another $1,000,000 or so, leaving about $16,000,000 in assets. So I was a little high -- that works out to about 0.23 per share in October. The valuation of the plant does put a lot of value on the equipment, which may not be realizable in a liquidation sale. BTW, in 2019 when NNVC runs out of money I expect Theracour to "lend" NNVC the money for the payments to Theracour, with the Shelton plant as collateral. This way when NNVC goes bankrupt Theracour gets the plant and shareholders don't even get the value of the real estate.
Certainly the current value of NNVC shares prices in a lot of optimism.
With my current estimate of NNVC's cash on hand, the (depreciated) value of the Shelton facility, and the number of shares outstanding, I'd say NNVC is worth about 27 cents a share. So the bear side of the strangle contest is basically a question of when you think NNVC will be fairly valued.
Of course this is assigning no value to the license with Theracour. Given NNVC's current track record this is a reasonable valuation to make. The bull side of the strangle contest is basically an assertion that the licenses with Theracour are actually worth something. I'll let somebody else take up that argument.
Is the rally back on? Is anyone game for taking on the bull side of the latest strangle contest? Remember, an optimist would have won the last time.
On the bull's board they're still pushing the nonsense that just one troll posts here with different aliases. It's sad what loyalty to a failing company can do to people's ability to discern reality.
Just, think, only a few days ago some person (or bot) paid 0.48 for this POS stock. That was one pathetic rally.
New Strangle Contest!
State whether you're a bull or a bear and give a date when you think the event will happen.
Bull: NNVC closes on or above 0.50 before it closes at or below 0.28.
Bear: NNVC closes at or below 0.28 before it closes at or above 0.50.
As usual the winner is the one who gets it right with the closest date to the event in trading days. The only way to guarantee a winner is if there is at least one bull and at least one bear.
The contest closes Friday, Sept 7, at 5:00 PM EDT, or any time when NNVC sells at or above 0.48 or on or below 0.33 (intraday), whichever comes first.
As usual the winner gets world wide fame and bragging rights.
My entry:
JG36 Bear, Oct 1, 2018.
Regardless of what we may think, buyer's are still wildly bullish about NNVC right now. Maybe we'll even see 0.50 again.
Those who bought at 0.30 have already made a 40% return! You can't usually get that in the stock market over a year. NNVC rocks!
The latest strangle contest has ended with no winners. That's what happens when not even Dr. Kaz has the balls to be bullish.
The strangle contest is still open but we're only half a cent away from it ending on the up side, with no winners. Who could have guessed there'd be several days of wild unwarranted optimism about this stock?
New financing is guaranteed to be highly dilutive. So nobody but a fool would buy until the new financing is in place and he knows how bad the damage is.
I have no idea what is causing this raging bull market in NNVC shares, but it is likely the strangle contest will end today with no winner.
We have a roaring bull market on high volume. WTF is going on? Is it really just Rentech's buggy investment bot?
We are 2.5 cents away from the strangle contest ending with no winners.
Yikes! One more nickel up and the contest will end with no winners. It looks like Rentech's mad investment bot is on a rampage. Rentech better shut that thing down before it bankrupts them.
Well it was an up day after all. The downtrend has broken, and NNVC is headed to the moon.
From the one realist on the bull's board:
I recall one long who argued that the AllExcel/Theracour arrangement benefited shareholders because it would make a hostile takeover of NNVC unlikely. Think of all the longs today who wish to God that back when NNVC was at $5 that there had been a bidding war for their shares due to a hostile buy out.
Oh oh. Rally!
I have the same feeling. I figured I was clever picking a trading day shortly after the expected release of the annual report, but maybe I was too clever.
We're getting record lows every day.
It appears that AllExcell actually owns the patents and Theracour licenses them to NNVC. Dr. Diwan has created two levels of separation between NNVC shareholders and the actual intellectual property they paid to develop.
From the bull board's most realistic poster:
I should have listened to ZincFinger. I could have got out at a profit.
Power ball is a better bet than NNVC.
I didn't buy in that long ago but still, I lost most of my investment after holding for many years. I was fleeced. Thank God I didn't adhere to the philosophy that "If you haven't sold, you haven't lost anything yet". How much worse off I'd be!
Another high volume day, another down day. And Renaissance Technology's out of control buggy investment bot is probably the only buyer.
Far more likely than not.
No real news, of course.
PT actually had a short position when he wrote his Seeking Alpha article. Is that allowed for a card carrying member of the Short Cabal? I thought we in the Short Cabal were only allowed to post here on ihub with the actual shorting done by a shady consortium of hedge funds who are paying us fees through a Cayman Islands bank.
Magnus is now stating falsehoods:
When I announced this contest in the middle of last week the price (0.35) was closer to the bull target of 0.42 than the bear target of 0.25. Now, on the last day open to new entries, the price is less than a nickel away from the bear target.
The current post-reverse split price is lower than I ever saw the pre-split price.
He's one of the people confident that the Short Cabal is knocking this stock down so they can go long and buy this stock real cheap. He doesn't understand that at this point it doesn't even matter if 'cides work. NNVC will run out of money before any clinical trials begin. The only possible way NNVC can get to clinical trials is with a massive refinancing. That could easily triple the number of shares outstanding. Even if I was supremely confident about NNVC ultimately succeeding, I wouldn't touch this stock until after the refinancing.
From our favorite poster on the bull's board:
It would be a strange algorithm indeed that traded other stocks for periods of days or weeks but keep one total loser for years, and actually averaged down on it.
Strangle Contest Status
The contest is closed to new entries.
Bull: Close at or above 0.42 before closing at or below 0.25
Bear: Close at or below 0.25 before closing at or above 0.42
arvitar: Bear Sept 7, 2018
JG36: Bear Oct 1, 2018
noretreat: Bear Oct 15, 2018
NewMoney: Bear Nov 1, 2018
300mph: Bear Dec 1, 2018
Well, so far it looks like arvitar has excellent odds of winning.
The position has been held for years. That's long term. Would a short term trading system buy this stock, look at the price a week later, say, "keep holding", then a week later, look at the price again, and say, "keep holding", and then, a week later, look at the price again, and say, "keep holding"...? Of course not. A short term trading system would have dropped this dog long ago.
The 0.28 price has been hit. Entries to the new strangle contest are closed.