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If One Lab Rat gives "Dave" his se approval it's little wonder he's gone from many millions to soon bankrupt on a biowreck scam like this.
Bear Feb 14 -- love day!
Has anybody heard from poor "Dave" lately or could he be the one who is stuffed and mounted?
After all, earlier this month somebody warned regarding Seymour:
That's an excellent point -- there must be plenty of biowreck scams that are invisible-cabal-free kind of like a diet biowreck scam for those that want to go broke a bit slower than one is doing with NNVC like "Dave."
Why would Seymour care about an idea that would require him to actually put money into NNVC in order to benefit?
Seymour is in the money-extracting business only when it comes to NNVC.
If anybody has any ideas that involve even higher amounts of cash being paid to Seymour despite missing virtually every milestone laid out for the very people who finance his salary, then I'm sure Seymour will be all ears.
Yeah, okay. "Dave" is so thrilled he flew in from thousands of miles away to the shareholder meeting to scream at Seymour calling him a liar while claiming he's loss $3 million or 75% of his 53 years' life savings.
Seymour doesn't need an ace up his sleeve -- he just retroactively changes the rules of poker, declares he has a "helluva" hand, and then takes in the pot everybody else ante and bet into except Seymour himself.
Meanwhile shareholders are told there is a pot of gold at the end of the NNVC rainbow but in reality that rainbow is just symbol of the man love between Seymour and Diwan as they divvy up shareholder money.
HOW TO END UP WITH $1 MILLION IN NNVC:
Start out with $4 million of NNVC.
It's obvious Seymour lied to "Dave" about the shorts. To cover up lie, he had to make another lie and claim he submitted to the BOD the plan of attack against the shorts.
To further cover up both lies, Seymour was determined to sway Dave from coming to the shareholder meeting and exposing Seymour. Dave did anyway.
Seymour has no interest in a warrant dividend attack for two reasons -- first, he made up the 4 hedge fund conspiracy theory bullshit.
Second, in order for Seymour to benefit he would have to exercise the warrants and spend money buying NNVC stock. Seymour doesn't do that. He only extracts value. He'd have quite a hefty warrant bill under Dave's scenario. Seymour is only interested in creative ways to selfishly put money in his own pocket such as the use of retroactive raises and bonuses on top of his ridiculous compensation while failing at virtually everything he laid out for shareholders who ironically fund his lifestyle.
Why would shorts be forced to cover from ANY dividend?
It's a dumb idea that can only possibly sound appealing to those who don't understand how shorting works.
Oh I have an idea why not have NNVC issue Seymour's autograph as a dividend.
Think about it -- there is no public market for Seymour's autograph so the shorts wouldn't be able to acquire it and would be in huge amounts trouble! There would be no choice but for them to all cover.
Why? Because I said so! Who cares if the SEC rules say a short story is responsible for only the dividend whether they cover or not, I have 530 years experience but not a single example so just trust me!
Oh and the fact that even if it did work it would be illegal? Xmas is around the corner -- don't bah humbug me over the law. NNVC never seemed to care much about it before so why would they care now?
Any updates on the warrant dividend to cause a short squeeze even though the dividend would have zero effect on short shares?
Believe you me interactive crime stories such as NNVC are far more entertaining than real investments. Some of the best investments are actually quite boring stories with little to talk about because they don't have a sociopathic cult leader pushing 80 years old, wiping out legions of fools for over a decade and then having them scream the boogie man did it and his name is Short Cabal.
Dave sure is dumb enough. Wise to not all put eggs in this trash. Reckless to put one egg in.
"Dave" at the shareholder meeting confessed he has trouble seeing and hearing....
But even Helen Keller can smell the rottenness of this scam.
No it would not because covering wouldn't cure the dividend debt. Similar to that dumb idea is a restricted stock dividend (which is nontransferable as well). It doesn't do shit.
Here's a wild and crazy idea -- since Seymour was caught lying and did it so easily, doesn't it beg the question what else is Seymour lying about that perhaps is more important?
Now about the rest -- it wouldn't surprise me if the attorneys, investment bankers, or BOD said no. Why? Because it is an appallingly dumb idea as I have illustrated.
"What's there to worry about? when it goes down, buy more!!!"
~~Quote from Seymour in September 2013 after NNVC fell "to" $5.70 per share.
"We stopped applying for public grants 2-3 years ago."
~~Diwan, 12/11/16
"I have told you, Gene, for two years about this concept and you have lied to me repeatedly"
~~Dave, NNVC's largest individual shareholder on 12/11/16
Wow, this "Dave" at the meeting claims the mythical cabal "literally" shorted every buy order in 2.5 years? Literally meaning every single sell has been a short and not one person in the last 2.5 years legitimately just sold the stock?
lol lol lol lol lol ROFL!!!!!!
Did Seymour and/or Diwan address the SEC investigation?
I apologize for predicting 2 clams would fall. I should have said 1 clam, right?
Financial suicide.
Any update on how wonderful NNVC is performing YTD for 2016?
Reckless.
That actually makes sense if I don't think about it.
But seriously, if I was really CEO and really believed I was sitting on the greatest medical breakthrough since penicillin, I would have run the shareholder meeting like a rock star and repeated that mantra over and over again, hoping that angelic investors would eventually find me and partner and fund me.
I would be urging congress, very loudly in media, to come help me. I would then pledge 90% of my shares to charity and all of my salary upon funding. "This is no longer a profit center but a human help center. Development cannot wait another minute while suffering around the world from these horrible diseases continues."
Something like that. Instead it's the focus on a mythical short cabal and IHUB. Pathetic.
53 years of successful investing finally destroyed by Seymour.
Seymour must be proud -- nobody could stop Dave's juggernaut of successful investing until Seymour came along and is in the process of wiping him out entirely.
Not too shabby!
Brave.
Wow, some nice material news at the meeting that wasn't revealed to the investing public the entire trading day on Monday.
Any restrictions the company puts on warrants would only apply to "shareholders of record" which doesn't include any shareholders who own on margin and have had their shares loaned out to be shorted.
The brokerage firm would create likely a numeric symbol in the shorts account to note owing the warrant. He cannot sell or cover this symbol, but when the corresponding long goes to exercise his warrant (which he should also have as a numeric symbol/notation in his account), then the short has to pay.
A short covering his short position wouldn't affect his warrant debt so there is no reason to force a cover. Once the record date is passed, the short owes the restricted warrant whether he covers or not it becomes 100% irrelevant just like any other dividend.
Brave.
No issues? Yeah things are just peachy with NNVC.
lol
So that moron actually spent some time writing up that speech and it was still full of extremely amateurish errors, assumptions, and details?
Wow lol
$6.05 warrant is going to force $1.20 short shares to cover? lol lol lol lol
A SHORT'S WET DREAM
A warrant dividend means shorts are automatically short the warrant itself too. Holding a warrant short means the long on the opposite side of the trade actually pays the short instead of the company when he exercises his warrant. The long would pay $6.05 per share in cash to the short on a $1.20 stock. Those who think this scenario is nightmare to shorts are sorely mistaken -- it's moreso a wet dream.
the only thing magically special about the warrant dividend idea is the author is woefully ignorant of how it works.
Issuing a worthless warrant dividend will only help the shorts -- no "counter" anything. I do hope Seymour goes with that idea so that when NNVC has another leg down it be entertaining to read the conspiracies as to why. Maybe Russia is behind it.
One thing for sure -- this desperate idea designed to sucker in unsophisticated investors means no good news is expected any time soon.
Was the SEC who investigation discussed at the meeting or was the focus on illegal but foolish attempts to manipulate the stock price?