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Total amateur hour bullshit from that leak. There is no forced cover. There are no rules for that nonsense and there is certainly not a single example in stock market history.
Rumor has it Seymour had good news -- two people on IHUB were laughing at the Geriatric Warrant Scheme on IHUB so must be great idea.
So the $6 warrants are basically worthless on a $4.74 stock yet the Geriatric Warrant Scheme wants us to believe $6 warrants will save this $1.20 stock?
lol
Please tell me it's not that 85 year old I think it is. wow lol lol lol if so he's really lost it:
What bullshit -- I've been hearing about how scared the shorts must be the entire shellacking of the stock price from $6.00 all the way to here.
lol
Yeah, $6.05 warrants on a $1.20 stock price. Brilliant move. lol lol lol lol lol lol lol
Go ahead -- pressure Seymour into doing that stupidity. Watch the stock price get cut in half over night from it. Unlike that moron, I actually know what I'm talking about. I don't know science but I do know finance. Everything I have posted and refuted tonight is very easily verifiable with reputable websites online.
Nope, he's still too cowardly and embarrassed hence he only reveals himself to the choir he's preaching to but not to larger crowd he apparently hopes will fall for the senile idea of issuing worthless $6.05 warrants with zero company benefits for 5 full years on a $1.20 stock will scare shorts.
lol
All kidding and jabbing aside I look forward to your digging and sharing. The first place you might try to look is at publicly traded warrants and how terrible their values are when the price of the warrants is FIVE times the stock price.
Then you can read up and study warrants themselves. Maybe after about 1-2 hours of googling and reading you can educate the senile guy who claims 53 years of success yet doesn't understand the very basics literally taught in a Finance 101 class.
I'm not the one advising Seymour to do anything. Hell, I kind of sadistically hope and he takes this brain dead advice because the reaction will be priceless. It's just that it is a basic insult to anybody with even a basic education in the stock market, and it's a disgusting tactic to rip people either deliberately or because he's lost a few marbles at his age.
If you or the other shareholder REALLY want to help the company look into RIGHTS OFFERINGS instead of warrant dividend. I mean look into both to confirm for yourself but neither concept is difficult which is why I find it appalling somebody claiming to have 53 years of successful experience is spewing such embarrassing nonsense and even insists a warrant is a long-dated option. Good grief lol lol lol not even close. Why not ask this 53 years of successful investing old schmuck to give a single successful example of what he is talking about.
Sounds like a con artist or a senile idiot or both to me. Either of the three I could understand why would be attached to the hip of Seymour.
Well if I were him I would be too embarrassed and cowardly to reveal myself too after that senile plan.
Please, enlighten me, what is it about a $6.05 five-year warrant on a $1.20 stock that sounds even remotely like an idea anybody could like after doing any kind of digging.
When you do your digging, confirm the following:
1. The company receives ZERO proceeds from warrants until they are exercised.
2. There is less incentive for anybody to exercise them until the stock price is comfortably above the strike price.
3. If and once above the strike price, the warrants (publicly traded) will likely have a premium giving once again less incentive for anybody to exercise them when they can get more money by selling them in the open market.
4. Publicly traded warrants of any company priced that high with a stock price this low are practically worthless. There are literally hundreds of examples you can dig up throughout recent history and currently trading to confirm for yourself.
5. Given all this, why would the mythical short cabal give a shit other then use it as yet another red flag that the company's 3 biggest shareholders are senile morons?
I speak from experience -- experience that is easy to duplicate.
My advice -- don't take my word for it or blindly listen to some other dude down 80% on his stock.
Three options:
1. Walk into a competent brokerage house with that plan printed out. Be prepared to hear them chuckle but they will be nice.
2. Do the same thing only with any college professor in the finance department.
3. Do some googling and see for yourself how this stuff works. See if exactly what I said it was happens every time or see if I'm wrong and there are counter examples. The closest counter example I can think of would be Warren Buffett's USG which is helped execute a rights offering (similar to warrant dividend only a far more helpful idea than a worthless warrant that offers zero chance of help for 5 years). In that case there was no short squeeze and no, shorts weren't in trouble. The company did great later when the business turned around but not before. Shorts simply were short the rights offering as well just like they were short the stock.
Last but not least the dumbest ideas the company could do is issue $6.05 warrants with a stock price barely hanging over $1.00.
Those warrants would be about 80% below being in the money and would trade for almost nothing.
The mythical $36 million in the God-awful example would only happen 5 years from now if the stock price is comfortably above $6.05. In much less years than that, NNVC will be completely bankrupt if it doesn't raise money in a more sane manner than this senile idea.
Shorts and the mythical "cabal" won't do anything but laugh and new shorts will be attracted. Nobody is going to give a shit about $6.05 worthless warrants on a $1.20 stock. Good grief lol is this for real? If issuing worthless warrants really helped a stock everybody would be doing it.
Usually warrants are just issued as a "sweetener" to an investment bank who buys deeply discounted dilutive shares. It's called a "sweetener" because they are just a gamble, at best, with little short term value. And those are warrants priced with a more enticing level such as say $1.50 warrants on a $1.20 stock. $6.05 warrants on a $1.20 stock? ROFL!!!!!!
9. No hedge funds in the 1980s he said? Well thank goodness for Google in the year 2016 because it took me about 3 seconds to see that is just more bullshit:
"hedge fund history that began when Alfred Winslow Jones launched the first hedge fund in 1949"
"By 1968, there were some 140 hedge funds in operation"
http://www.investopedia.com/articles/mutualfund/05/hedgefundhist.asp#ixzz4SZJWBms2
10. No, a warrant isn't "a long-dated option, pure and simple. If it expires in one year or less, it is called an option; if any timeframe beyond that, a warrant."
Absolutely totally bullshit. Options are issued by 3rd parties -- anybody with an approved online brokerage account can "create" or "write" options. Warrants are only issued by the company itself. There is no requirement on when they expire. It could be in 2 months or it could be in 20 years. That's up to the company. In any case, warrants are always dilutive or at least potentially dilutive to the company issuing them. Options never are.
11. There is actually nothing that unusual about NNVC's short interest side. In fact, I would say it's kind of on the low side. All companies with any sort of liquidity that trade on a national exchange have a short position -- especially ones that also trade call and put options like NNVC does. In some cases some of the short shares are just hedged against call options and are actually owned by a bullish investor/trader.
53 years and the moron still doesn't understand you can't force a cover with a warrant dividend?
Let me explain how these things usually go down:
1. Shareholders will likely get their warrant dividend as a separate, publicly traded entity most likely with the symbol NNVCW.
2. Shorts will therefore be short the same NNVCW symbol.
3. Shorts, just like longs, can either close this separate position out in the open market or by exercising. Since these things always trade with a slight premium prior to expiration, there is little incentive to do anything outside of the open market on the long side. On the short side, shorts can cover in the open market or wait out the premium decay until expiration then pay the difference, if any, of the warrant value (which is a direction function of the NNVC stock price despite having entirely different symbol and trading market).
4. Longs will feel like "free money" fell from the sky. They always do from gimmicky stock dividends, rights offerings, warrant dividends, etc.
5. Longs will get a rude awakening when the market quickly realizes these gimmicks are just thinly veiled dilution only it's a clever way to get Joe Sixpack to pay for it when smart won't. This is why you only see these gimmicks with failing companies and rarely to never with successful ones.
6. Be careful of someone claiming to have 53 years of successful investing going all in stocks and he still hasn't accumulated even $1 million yet.
7. No hedge funds are in control. NNVC has crashed since 2014 because NNVC failed at everything it said it would do. NNVC should be thanking its lucky stars it is still caring the bloated market cap it is.
8. The dude proudly admits to be in control of nearly 3 million shares or more than the nonexistent schizophrenic "short cabal" so why are all his attempts to upwardly manipulate failing so far? Why should anybody believe this senile fossil who is too much of a coward to reveal himself despite revealing the supposed institution he suckered in? Is this perhaps a last "what the hell, gotta try something" desperate move because "Wharton Business Group" is down many millions of dollars and is now threatening to sue for fraud?
I literally spit my food out reading this post lol lol lol
Note to self: put down all food and drinks before reading arvitar's posts or I'm going to choke to death and end up stuffed and mounted next to Seymour.
Oops it's at 9:30am not 6:30am my bad! 6:30am was cited as the time it would be in California so I apparently got confused.
I'm probably also subconsciously very excited for the next comedic chapter in this ever-evolving interactive crime story. One thing Seymour rarely fails to deliver on is providing fresh material.
Less than 2 hours until the Seymour breakfast club party!
Let's hope he has fantastic news to share like in the past:
"I anticipate income as early as next year...I am certain that every Pharma company that is in the HIV business is going to want to do a licensing deal"
~~Eugene Seymour, October 2010
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104453785
That's great! Did you hear about the one where Seymour was considering having the shareholder meeting at a sane time at a fancy hotel?
He changed his mind and decided he is agnostic to the host.
Wanna get on Seymour's good side? Get there early and pass out pamphlets on Dengue and ask each visitor if they have ever heard of it.
Recently somebody said:
It's called massive profit taking by some very wise shorts.
GREAT POST LOANRANGER
Thanks
Rawliner
Personally I think the AGM should be hosted at 1am. That way shareholders can drown their sorrows at their local watering while listening to Seymour spew the latest nonsense.
Did Seymour have a reasonable basis for predicting drugs in clinical trials by January 2017 considering they didn't even have a formula for making drugs that can even enter toxicology testing?
Maybe Seymour's saliva shame should be referred to as a spittle sham, no?
Also to be fair, at Seymour's age 9:30am is close to dinner then he has to be in bed.
These guys are in Boca Raton and 79 other locations -- not ZYXI:
http://www.newbridgesecurities.com/locations.html
Boca Raton? -- ZYXI -- Zynex Inc. was founded by Thomas Sandgaard in 1996, when he founded smaller private companies that eventually were folded into Zynex, Inc. Zynex Inc., a Nevada corporation, that was formed in December 2001, is the parent company of and conducts business within six subsidiaries: Zynex Medical, Inc. (“ZMI”), a Colorado corporation, Zynex Neurodiagnostics, Inc. (“ZND”), a Colorado corporation, Zynex Monitoring Solutions, Inc. (“ZMS”), a Colorado corporation, Zynex Billing and Consulting, LLC (“ZBC”), a Colorado limited liability company, Zynex Europe (Zynex Europe ApS) (“ZEU”), a Danish corporation, and Pharmazy, Inc. (“Pharmazy”), which was incorporated under the laws of Colorado in June 2015 as a wholly-owned subsidiary of ZMI collectively referred to as “Zynex” or the “Company”. Over 99% of total 2015 consolidated revenue is attributable to ZMI. The only other subsidiary which, at the date of this annual report, is operating is ZEU which is only operating at a minimal level. Our headquarters are located in Lone Tree, Colorado.
I've been following ZYXI for over a decade and that doesn't even slightly worry me. Boca Raton attracts a lot of scams because there is a lot of legitimate rich and success there. Roaches go to where the food is.
I wouldn't mind if it was equity given they are profitable and growing now. Give me say 25% dilution that doubles the net income. I'll get over it.
Any reasonable explanation why Seymour represented the approval process to be shorter for Flucide than other drugs?
His explanation was the disease itself is short but based on everything I read due to the nature and unknowns of nanomedicine the approval process is quite lengthy.
A matter of weeks according to Seymour? For this topic, he's either a fraud or an idiot.
WTF happened to HIVcide which was all the hype for years from Seymour?
Prototype promise in nanobiowreck are a dime a dozen hence nobody that matters lately will touch this scam with a ten foot pole.
"Although small-scale processes may achieve reproducibility with well characterized components, once beyond the early prototype, the reproducibility and consistency of the constructs remain a constant challenge for the scale-up and manufacturing process."
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3326161/
Yes, but they deliver that quite well, no? Let's not throw the baby out with the bath water.
Back to that prototype bullshit again?
"Although small-scale processes may achieve reproducibility with well characterized components, once beyond the early prototype, the reproducibility and consistency of the constructs remain a constant challenge for the scale-up and manufacturing process."
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3326161/
Nice strawman but nobody said they are all failing -- just the overhwhelming majority and many of the failures are having the exact same common problems that NNVC has been having for many years.
Links were provided to highly reputable sources.
There has been zero legitimate testing on any of their drugs.
They can't make CONSISTENT batches of any drug so anything they tested was nothing more than a unique worthless snowflake.
And JG continues to be 100% correct:
No independent scientist, agency, institution, or university has ever supported NNVC's claim that they've made a "medical breakthrough", or have anything whatsoever of value.
Having a unique snowflake drug that they can't even duplicate a second time is neither a medical breakthrough nor is it anything of value. At best it's a science project.
Personally I think we should start a collection to give Seymour more money. Why bother getting scammed in the open market? Let's cut out the middle man and just send our paychecks directly to Seymour.