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Great, Dave, I didn't even spam, yet I am stuck here forever. Apparently spamming is fine, as long as you apologize for it.
Matt won't even answer my public posts, although he claims that's the procedure here.
So what gives?
The scam is unraveling over at NNVC, Matt...
http://finance.yahoo.com/q?d=t&s=NNVC.OB
Why did you protect the pump and dumpers on this one? Why send the objective posters to jail?
Yes, we are supposed to post that inquiry here, according to the iBox up top.
You should really read the boards you moderate, LOL...
The error of my ways was in not believing I could challenge a moderator's opinion. I'm so sorry.
So, when am I getting out of jail?
Hey, my crime was supposedly being "too personal" in my posts - show me where that is listed in the TOU.
When I asked where it was in TOU, I was thrown in jail.
It's sad when Iraq has more freedoms than IHUB.
Gee Dave, when I come up with on-topic material, I'm booted from the board I post on.
Posted by: linda6511
In reply to: DrFeelgood who wrote msg# 7548
Date:10/19/2007 1:18:53 PM
Post #of 7808
Wrong again, Dr. Feelgood. Rule 144 shares can be sold after one year, not two.
Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold...
http://www.sec.gov/investor/pubs/rule144.htm
1% of the outstanding shares means that they could sell a million shares immediately, as long as they don't sell any more in the rest of the three-month period.
Hardly seems like a "small amount".
It helps to get the info directly from the SEC.
God forbid that falsehoods posted by pumpers should be corrected. Can't have that. Ban anyone helpful from the boards.
Still waiting for a response from "if you post here, I'll definitely get back to you" Matt.
Nice system.
Sorry Matt, I actually thought the claims you make in the info box were to be taken seriously.
If you don't allow people out of jail, why go through the sideshow of putting them in? I guess the mods are not meant to be taken seriously, giving the meaningless "until further notice" ban I have on the NNVC board (note to self - never challenge the spammers).
If you are proposing to terminate me so that I can come back under a new alias and start the whole process again... I don't see the point. Why would you want that?
In the alternative, perhaps you could begin to allow dissenting views and open discussion on IHUB?
I know it's a novel idea, but it would definitely be a time-saving one.
Okay, Matt, it says to post here to negotiate with you.
Let's negotiate.
Drugs that work in mice can harm humans...
Promising Lou Gehrig's disease drug fails trial
Wed Oct 31, 2007 8:30pm EDT
By Michael Kahn
LONDON (Reuters) - An acne drug that had shown early promise in treating the degenerative nerve condition known as Lou Gehrig's disease actually worsens it, a study in Lancet Neurology said on Thursday.
The findings from one of the first randomized trials of the drug minocycline in patients with amyotrophic lateral sclerosis (ALS) also casts a shadow on studies planned for people with Huntington's disease, stroke and multiple sclerosis, it said.
"Our finding that minocycline has a harmful effect on patients with ALS has implications for trials of minocycline in patients with other neurological disorders," Columbia University researcher Paul Gordon and colleagues wrote.
There is no cure for ALS, often called Lou Gehrig's disease after a hall-of-fame New York Yankees baseball player who was diagnosed with it in 1939, and its causes are not clear.
It kills quickly -- usually between two and five years after symptoms start -- and doctors diagnose about 120,000 new cases each year, according to the International Alliance of ALS.
The U.S. researchers looked at the antibiotic that had reduced motor neuron loss and boosted survival in earlier trials with mice. Researchers targeted the drug in hopes it would slow cell death in the brain that causes the disease.
But the test of 412 human patients with ALS showed people treated with minocycline deteriorated at a 25 percent faster pace than those given a placebo.
"Like other recent trials in which drugs had no benefit or seemed to cause deterioration in patients with ALS... our trial could not replicate in patients the positive findings in laboratory studies," the researchers wrote.
The failed trial joins a list of many others that have failed to repeat promising results in animal studies and highlights the need for new approaches, Michael Swash, a neurologist at Royal London Hospital wrote in a commentary.
The findings also reinforce the need for early diagnosis and suggests researchers should look to shorter, less expensive trials in humans before larger studies, he added.
"Recent studies of ALS have led to an expectation that therapies will be found to stop progression of the disease, if not restore lost motor function," Swash wrote. "Unfortunately, this expectation is far from becoming a reality."
http://www.reuters.com/article/healthNews/idUSL3184878320071101
Almost as pathetic as pumping FTME.
How desperate can you get?
Ann Onton busy taking advantage of yesterday's upswing.
88 spams? Racial slurs and profanity? I haven't done any of this.
Merely posted a PM to support my argument that I shouldn't have been banned from a board "until further notice". Longer than the month I would have gotten for racial slurs, I guess.
Why is the penalty for not liking a company longer than that?
Shelly, if you didn't see Matt's messages to me, then how do you know what they said?
You state that you "can't see" the messages in my inbox, then you quote those messages: "I simply copied and pasted his last communication to you that said nothing of the sort..."
So which is it? Are you constantly trolling through everyone's PM's or not? Are PM's between members and mods not really "private" at all?
The only "ridiculous argument" involves why IHUB protects and promotes pump and dumpers who run stock boards. When anyone protests, Matt tells them they aren't handing IHUB enough money for their opinions to count.
It states in the box above that posters can make an argument against their "jail sentence", but of course, not if that argument involves a PM sent by mods. That will get you banned.
God forbid any argument should have two sides around here. Or that anyone should be able to question a moderator.
Where are these "personal" messages that were so out of line with anything else posted by anyone else on the NNVC board? I don't see them. They don't exist.
You have created this crisis of confidence in IHUB by your actions. Talk about an annoying diatribe.
Float them some cash and then ask the question again. I can't even get a reason for being here.
66,000 posts? Get a life. As predicted, you are sitting in your little cubicle, hitting "refresh" in the hopes that someone posts here.
Since you are so eager to answer posts to Matt... can't he do that himself anymore? When did he hand policy over to you?
If only I posted about "rat shit" and stayed away from discussing stock scams, the mods would love me, LOL... http://investorshub.advfn.com/boards/board.asp?board_id=9669
That explains a lot, Matt. I've often wondered why some people can slash and burn in their posts, and others - like me - can't even get an explanation of why they are "in jail".
How many times must I ask?
FAQ:
Q: Should I send you a private msg to discuss this? Why are you ignoring me?
A: No, post on this board to me. All discussions/negotiations need to be done publicly.
When did the policy change to "just send us money and you can practice all the character assassination you want"?
P.S. Will this be followed by a goonish post from Churak?
I just read boards for whining like yours, Churak...
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24063064
Matt, have you set up "jail" just to mock those here, or does it have some sort of constructive purpose?
You really get some sort of sick joy out of it.
Still confused, Matt. I asked why I was banned from a board. First I asked privately, got no answer. Then I asked publicly - still no answer.
All I got from Shelly was that "I was given an answer via PM", which was simply untrue. When I posted her PM, proving I had not been told, I was sent to jail.
I believe that's called entrapment... I don't expect this to be a court of law, but some facade of fairness would be nice.
But yes, you have been on a suspension frenzy.
I don't think you are groveling enough. Try harder.
Matt, can you please explain why Mods can reference my PM's, but if I reference their PM's I get thrown in jail?
Creating a new alias looks like the best option here, since being straightforward doesn't work...
If they were ever answered via PM, I'd ask them there. Please read my post first, and then reply to it.
The board says it exists to discuss IHUB policy. I'm discussing.
Knuckle under any way you want.
Well, since Matt is the moderator of the Parking Lot, and he seems to have a very (strong?) objection to "personal" posts and what violates IHUB terms and what doesn't... I will ask him publicly to clarify...
1) Why am I being banned from the NNVC board "until further notice", and why, when I ask Shelly to explain my ban, does she not respond? "Until further notice" seems to indicate that by some form of begging I could be reinstated, but I haven't been told what that is. Please state it clearly. I know how much you guys enjoy people begging you for reinstatement, and I would hate to ruin your fun.
2) What particular IHUB rule have I broken? Please cite the offending post.
3) Why prevent me from educating NNVC stockholders on how the company is dumping shares on the market?
Would it not have helped them before a trading day like today hit? http://finance.yahoo.com/q?d=t&s=NNVC.OB
Shouldn't dissenting opinions be allowed, even on boards run by pump crews?
4) Most importantly... was any post of mine more offensive than the following on the board that you moderate?
http://investorshub.advfn.com/boards/read_msg.asp?message_id=24009579
Doesn't a profit sharing plan require profits? You neglect to address the big question - what happened to NNVC's contract with Theracour?
All this time we have been told that the technology is being provided by Theracour. Now you tell us it is being provided by Theracour employees individually. So if they leave, there's no technology?
Why would "big pharma" bother buying into NNVC, if all they have to do is hire Ann Onton instead? Perhaps they will.
Can you explain why NNVC didn't list her name in the last annual report? Why the secrecy over who owns millions of shares?
Did they want to cover up the fact she works for Theracour?
In November and December 2005, the Company closed a private equity financing for net proceeds of $1,370,000. The Company sold 2,740,000 shares of common stock at $.50 per share.
So in answer to your question, it doesn't seem like the company ever said who bought those 2.7 million shares. Certainly not employees of the company.
If after two years your 50-cent shares are worth only 59 cents, it seems any wise investor would sell. Yet you seem surprised that this could happen. Oops, 57 cents. Can't keep up.
The share price keeps going down, in case you haven't noticed.
Soon Ann's attitude will again be "get out if you can".... http://www.highbeam.com/doc/1P1-6317753.html
Hardly seems like someone willing to stick it out through thick and thin.
I guess in your circle $1 million is a huge sum of money. In my circle, $1 million minus taxes won't even buy a decent house.
Really? In what country do you live?
All of them, of course. 2.7 million shares hitting the market would collapse the stock price.
I still don't understand why Ann Onton would hold onto 2 million shares forever. I assume she doesn't make more than the average biochemist, to whom $1.2 million would actually be a large sum of money to have laying around.
I really don't understand why Diwan is paying his own employees "consulting" fees. Isn't it already their job to work on nanoviricides? Why pay them $1 million extra?
Is it any wonder NNVC keeps running out of money?
I agree, incubus. I can't believe certain people would want to avoid discussion of the shares becoming unrestricted, and the effect that selling millions of new shares could have on the share price.
Trendy, please tell us why the following shares could not be registered to be sold at this time?
In September 2005, the Company issued 2,200,000 shares of Common Stock to Jayant Tatake (200,000 shares) and Ann Onton (2,000,000 shares) for scientific consulting compensation for development work on the Company’s anti viral compounds.
Let's see... September 2005... with a two-year restriction the shares could be registered... oh, now.
I'm sure you are aware of this because you've researched the company... right?
The value of the stock was recorded as $178,200 at the time. It would now be worth about $1.3 million.
You are right - who would want to take a huge profit like that?
LOL... Love the "oh, those shares" response from Feelgood, and the hint that he knows the financial situation of everyone ever connected to the company.
Glad to know you finally admit these shares exist.
If you had already addressed the 5 million shares due to be added to the float over the next few months... then why are you asking "what 5 million shares"?
I'm sorry that you didn't know about them. You really should do some research on this company, how they raise money, and how it is killing the share price.
What "other subject" should be discussed here except NNVC?
The same 5 million shares I referenced in my earlier post:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23866896
So that I don't have to do addition for you in a future post - 2.3 million plus 2.7 million equals 5 million shares, issued back in 2005.
If we generously assume that they were restricted for the maximum 2 years, they will be losing their restrictions by the end of this year. Perhaps you can bring this up during one of your frequent chats with the company?
You replied to the post above. I assumed that you actually read the posts you reply to. Guess I "failed to comprehend" that I may read posts more carefully than others.
Since the shares were issued at two different times, they could be sold at the rate of 1 million shares per three month period each, possibly 2 million in the same month.
Two million shares dumped into the float in a month wouldn't concern you?
It says nothing in the annual report about any "millionaire doctors" owning these shares.
Is this another one of your speculations?
Marks is over 80 years old. Think he's planning to keep his shares for 20 years?
If you had read any of their filings (apparently you don't), you would know that the SAB warrants are only good for a limited time. It's use them or lose them.
So, what about those 2.3 million shares that were issued in September 2005? Are you going to claim those were restricted for three years now?
Re: "If the insiders were going to register and sell their shares, wouldn't they have secretly done that immediately on the 2nd anniversary of their investment? Wouldn't they have secretly sold over the summer while pumping and dumping?"
If they did it secretly, how would we know? Would the share price fall from $3.25 to 60 cents or something?
Add that to the shares that may be liquidated starting in December, the shares that have already come off restriction but have yet to be sold, the 2.3 million restricted shares issued in September 2005 (wasn't that over 2 years ago?), the 18-cent warrants given to the Scientific Advisory Board that can be converted, the 2.7 million restricted shares issued in Nov/Dec 2005... and you can "reasonably" expect the share price to keep falling.
They will keep gushing shares into the float for the foreseeable future.
Reading the filing would be reasonable. If you take a look at the exhibits, you would see the restriction is only for a year.
Two-year restrictions only apply to insiders. I gave you a link to the SEC rule.
Wrong again, Dr. Feelgood. Rule 144 shares can be sold after one year, not two.
Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold...
http://www.sec.gov/investor/pubs/rule144.htm
1% of the outstanding shares means that they could sell a million shares immediately, as long as they don't sell any more in the rest of the three-month period.
Hardly seems like a "small amount".
It helps to get the info directly from the SEC.
If only they were Rule 144 shares, Dr. Feelgood. But the filing says nothing about that.
All it says is that the shares may not be sold without registration. The previous filing said that shares may be registered as early as December - not in 2 years, but before the end of the year.
I'm not sure how you can convince anyone that someone is buying millions of shares for 50 cents to sit on them for 2 years, when the stock is only trading around 60 cents.
Nice try, though.
3.5 million shares is not "the littlest bit dilution".
That represents 41 days of trading in this stock. It's like Google adding 196 million shares.
More than a little bit.
More unregistered shares sold...
http://biz.yahoo.com/e/071018/nnvc.ob8-k.html
NNVC mentions that they will budget money for "major research and development projects" including the following: FluCide, AviFluCide, FluCide HP, RabiCide, and that "very little resources" might be devoted to HIV and HCV drugs.
Dengue fever not mentioned at all in the list, despite them saying elsewhere in the filing that the CRADA will require them to bear a great deal of costs for dengue fever research.
So I wouldn't be counting on any dengue primate studies.
Don't worry, I'm sure someone will say they aren't budgeting for it since the government is secretly planning to hand them millions of dollars for dengue research. Don't bet on it.
The start of primate studies will not bring about an IND submission.
Only the start of human studies will bring one about.
Not at all, Dr. Feelgood.
They will never sell 5 million shares for 50 cents each. NNVC has already been selling shares for quick cash, and you can see what happens to the share price when they are sold for a fast profit. The market cannot support another 5 million shares in the float while keeping the price above 50 cents.
They can "anticipate" all they want, but it's not happening. If that's the only way they can raise money, expect the offering price to go to 25 cents or lower soon.
Until the formation of NanoViricide, Inc. (the Company's predecessor prior to the exchange) our management and key personnel had no experience in pharmaceutical drug development and, consequently, may not be able to successfully develop any drugs..
Yes, I think the lack of experience in this field is pretty obvious.
Also...
On April 9, 2007, the Company signed a Cooperative Research and Development Agreement (CRADA) with the Walter Reed Army Institute of Research to create new treatments for dengue fever using the Company’s nanomedicine technology. Each party is individually responsible for funding its own respective researchers throughout this agreement, including laboratory facilities, salaries, overhead and indirect costs. There were no costs incurred in the fiscal year ended June 30, 2007.
1) NNVC has to hire its own researchers for the dengue fever testing.
2) They are responsible for paying them.
3) NNVC currently has two employees, according to the filing - Seymour and Diwan.
4) Meaning they haven't hired any researchers yet for dengue work.
5) Meaning that it's a safe bet no dengue work is being done yet.