The Thing to Remember Is This....
Their CEO is coming from a previous pump & dump company, VelaTel Global. Now worth .0004 cents
Their Chairwoman is a pump & dumper. efoodsafety got dumped down to 2 pennies before they changed the name to Nuvilex.
Their Investor Relations executive was convicted of stock fraud, manipulation, breach of trust and more. Check the FINRA report for Marlin Molinaro.
Their 'new technology' dates back to 1996. Phase 2's were already done in 1999 and Orphan Status was given to Austrianova in 2003. Nothing came of it.
If this 'revolutionary technology' is so valuable, why were the licenses then sold to Nuvilex for shares of penny stock?
Nuvilex as a formal company has been in business for 5 years. They have been touting Cell-in a Box for over 3. But yet the current talk is about pre-clinical studies. And in those 5 they have yet to generate any revenue and the only formal large investments they have attracted have been from Toxic Financing corporations.
Combine the pump & dump management factors with the track history of stagnation and no revenues and you are looking at a prolonged campaign of continued carrot dangling meant to keep the share price stable, so management can cash out at your expense.
Caveat Emptor.
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