NanoViricides Inc. (NNVC)

[found_it]

Interim Alert: NNVC AllanTrends

Reposting this- http://www.allantrends.com/interim-alert-nnvc-3/

My email boxes are overflowing with requests for updates on NNVC. Seeking Alpha published an article written by an admitted short seller (his first ever article published on Seeking Alpha) which essentially called the company a sham and its management crooks. As a result, NNVC has fallen below $3, down about 35% in the first hour of trading. Having published several articles on Seeking Alpha myself, I know first hand that they do not fact check, nor have ever shown any interest in my identity or any agenda I may have had in publishing articles. The only requirement, as far as I can tell, is that the articles be written in English.

Finally and for what it’s worth, this is the first time since leaving the practice of law in 1994 that I have ever wanted to put that lawyer’s suit back on, representing NNVC against not just some anonymous short seller, but against a deep pocketed publisher who recklessly publishes hit pieces disguised as journalism, leading to catastrophic financial consequences (albeit temporary) to innocent companies and shareholders.

Below are some comments that are taken from Investors Hub, where those most familiar with the company, it’s science and its management, post daily on the developments surrounding the NNVC. It is also my vehicle of choice when I have wanted to participate in that discussion (under an alias). Rather than respond individually to what is now well over 30 emails from subscribers (as well as non-susbcribers), I suggest that everyone interested in today’s developments hit the Investors Hub link and follow the conversation. Below are a few of the most salient posts so far this morning:

Just got a response from Dr. Seymour. “Total bullshit, writing a response”

NNVC should sue SA for intentional slanderous lies with full malice aforethought.

I have never, in over 15 years, seen an article with remotely as many flagrantly false statements, statements that the writer could not possibly have not known to be false.

Another indication of how flagrantly overstated the seeking alpha article is, is the statement that “It seems to us Anil Diwan and Eugene Seymour have stolen all potential value in NNVC from public US shareholders.”

It would be highly misleading to say that they have “stolen” any value whatsoever from shareholders; this was a legal secondary where insiders bought shares and that money went into the coffers of the company exactly as it would have had anyone else purchased the shares! The insiders are doing a very “skin in the game” demonstration of very real faith in the company.

That Seeking Alpha can completely reverse what is a universally acknowledged highly positive indiction (i.e.: insider purchases) into something supposedly an indication of disaster shows how completely desperate SA is to disparage the company.

RE: “If the Theracour relationship were terminated or changed for the worse, there would literally be zero technology or IP left with NNVC. “

That is flagrantly and indisputably totally false! NNVC has licenses on the core technology. To say that there would be zero technology left with NNVC is STAGGERINGLY inaccurate. This statement and others are so flagrantly, indisputably and wilfully inaccurate that NNVC probably has the basis for a lawsuit against Seeking Alpha. Statements of opinions are one thing, but willfull, deliberate outright lies with full malice aforethought is another thing entirely.

(to be continued throughout the day)

One man’s bullshit is another man’s fertilizer.

This comment doesn’t appear on iHub, but appears on Seeking Alpha below the aforementioned article:

Another bull sh.. bear raid on a promising biotech baby. They got an orphan drug designation from the FDA. Does that seem likely it’s science is a fraud, I don’t think so.

Finally and for what it’s worth, this is the first time since leaving the practice of law in 1994 that I have ever wanted to put that lawyer’s suit back on, representing NNVC against not just some anonymous short seller, but against a deep pocketed publisher who recklessly publishes hit pieces disguised as journalism, leading to catastrophic financial consequences (albeit temporary) to innocent companies and shareholders.