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Saturday, May 16, 2015 8:18:59 AM
Historically, the use of "shorting" a specific company's stock (borrowing shares from an institutional holder and selling them, in the hope that the eventual repurchase would be at a lower price) was reserved for troubled companies that the short believed were overpriced in the market place and that were poised to fall in price of their own accord. So much for history! Today a company that a short cabal believes can be "controlled" [actually controlling the market price movement on a day by day basis by "pings" (the use of continuous 100 shares trades at bid or offer to glean the presence of a real buyer) and shorting the buying interest when it does occur], can result in a steady stock price decline over in this case months when there is no fundamental reason whatever.
Specifically, in the case of Nano, the shorts saw a small float with very little daily trading, only 10% institutional ownership, and a company that historically has repeatedly missed development guidelines. Being a preclinical biotech with a technology that seems too good to be true, it was ready-made for abuse and manipulation, especially since the great majority of its investors were small retail holders that had been waiting and waiting (the company had been public since 2005, trading as a "penny" stock on the OTC BB) and were at the end of their rope.
The result has been an almost too perfect price decline month after month for no other reason than to exploit the fact that the price could be controlled at the whim of the cabal, regardless of the incredible science being press released on a platform that has shown repeated success in animal studies in curing an infinite number of viruses.
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
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM