NanoViricides Inc. (NNVC)

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Estimate of Timing on Herpecide

Two independent sources, neither of which is from inside the company have said they expect an announcement of progress on Herpecide in Q1 of 2017. What is interesting is that the estimates of Q1 2017 were made independently. In fact the two don't know each other. Also interesting was one said positive news is expected and the other negative news. I pushed back on the notion that NNVC would make an announcement of negative news as they have never done so in the past.

In terms of past accuracy both sources have been roughly equal. The source expecting a negative announcement has no position in the stock. The postive source has a long position but only about 1/4 of what it once was.

The idea that there will be some statement of material progress by the end of Q1 2017 makes sense/

Any thoughts out there on how to interpret these two prognostications?

On the technical front the stock is in limbo. Volume (OBV) has registered an upside breakout but price has yet to confirm. A close > 1.95 would do that and generate an upside price target of 3.00. The stock is neutral so long as it remains above 1.50. A close below that level would be negative with a target below 1.00.


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