NanoViricides Inc (NNVC)

[Rawnoc]

53 years and the moron still doesn't understand you can't force a cover with a warrant dividend?

Let me explain how these things usually go down:

1. Shareholders will likely get their warrant dividend as a separate, publicly traded entity most likely with the symbol NNVCW.

2. Shorts will therefore be short the same NNVCW symbol.

3. Shorts, just like longs, can either close this separate position out in the open market or by exercising. Since these things always trade with a slight premium prior to expiration, there is little incentive to do anything outside of the open market on the long side. On the short side, shorts can cover in the open market or wait out the premium decay until expiration then pay the difference, if any, of the warrant value (which is a direction function of the NNVC stock price despite having entirely different symbol and trading market).

4. Longs will feel like "free money" fell from the sky. They always do from gimmicky stock dividends, rights offerings, warrant dividends, etc.

5. Longs will get a rude awakening when the market quickly realizes these gimmicks are just thinly veiled dilution only it's a clever way to get Joe Sixpack to pay for it when smart won't. This is why you only see these gimmicks with failing companies and rarely to never with successful ones.

6. Be careful of someone claiming to have 53 years of successful investing going all in stocks and he still hasn't accumulated even $1 million yet.

7. No hedge funds are in control. NNVC has crashed since 2014 because NNVC failed at everything it said it would do. NNVC should be thanking its lucky stars it is still caring the bloated market cap it is.

8. The dude proudly admits to be in control of nearly 3 million shares or more than the nonexistent schizophrenic "short cabal" so why are all his attempts to upwardly manipulate failing so far? Why should anybody believe this senile fossil who is too much of a coward to reveal himself despite revealing the supposed institution he suckered in? Is this perhaps a last "what the hell, gotta try something" desperate move because "Wharton Business Group" is down many millions of dollars and is now threatening to sue for fraud?