Friday, December 19, 2014 2:41:16 PM
http://m.seekingalpha.com/article/2010691
Here's the intro to an incredibly well done article that I believe is absolute must reading.
Enjoy.
NanoViricides: House Of Cards With -80% Downside, 'Strong Sell' Recommendation
Feb. 11, 2014 9:00 AM ET | by Pump Terminator | about: nnvc
PLEASE SEE FULL DISCLOSURE IN OUR PROFILE
Aside from sounding like the name of another terrible Keanu Reeves movie, NanoViricides (NYSEMKT:NNVC) is the worst US reverse merger we have ever seen. NNVC is so obviously a vehicle designed specifically to enrich insiders we find it offensively similar to the China RTO frauds. This is the first report in a series we will release outlining the most egregious shareholder violations we are aware of in any NYSE company. With multiple questionable stock promoters NNVC has pumped the stock +330% while heavily diluting shareholders and stealing NNVC out from under public investors as insiders siphoned off millions of dollars. We also believe one of NNVC's top scientists has been dishonest which calls into question NNVC's "technology," which we believe is clearly not viable. NNVC's fair value is <$1 versus current trading price of $4.60 and is currently breaking down from the large unrestricted stock selling volume created by the (yet another) recent RDO equity sale. Our medium-term price target is $0.00 as we believe NNVC will implode once it is unable to raise cash, like the CEO, co-founder and ex-CFO's previous defunct company, SSUR.
Recent NNVC News
- NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • InvestorsHub NewsWire • 05/02/2024 02:07:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:53:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:55:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:44:48 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/04/2023 09:08:49 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:30:41 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:44:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/01/2023 08:46:45 PM
- Clinical Trial of Broad-Spectrum Antiviral Drug NV-CoV-2 is Progressing Well, Says NanoViricides - NV-CoV-2 is Positioned to Fulfill Many Unmet Medical Needs • InvestorsHub NewsWire • 07/06/2023 03:16:37 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM