NanoViricides Inc. (NNVC)

[loanranger]

It's nonsense as far as I can tell...and I was a touch more curious than "not interested" given that it involves the non-science areas that I know just a little bit about.

Without addressing the specifics of the idea I would ask you to consider these things:
1. The single example provided by its proponent of the use of a "warrant dividend" in the past involved a company that has nothing in common with NNVC at all. But they DID issue a warrant dividend. It had no value to shareholders and it no longer trades. There was no issue of a short position that was to be resolved by the dividend in the example.
2. A poster who I believe to be the shareholder proponent of the idea has posted that:
"The warrant dividend has never before, to the best of my knowledge, been used to force a short cabal to cover."

I believe I could provide the technical reasons for my calling the idea "nonsense", but they are boring and complicated...at least I think they would be to someone who cares primarily about the science. Instead I appeal to your basic sensibilities and you can see where they take you.

1. The idea has no history of being of ANY value to any shareholder as evidenced by the example provided by its proponent who also states that it has never been implemented with the goal intended in NNVC's case.
2. One of the elements of the idea is that the warrant would be traded separately from the stock on the open market but that it couldn't be transferred for a period of time...I believe the proposed period was 3 years. I would greatly appreciate it if you don't ask me to explain that.
(I have asked the person that I believe to be the idea's proponent and not heard back.)
3. Given the universe of shared wisdom in the markets and the universal appeal of the pot of gold at the end of the rainbow, is it reasonable to think that a process that hasn't been shown to even exist with the goal expressed here, let alone achieved that goal, would crop up in the context of a NanoViricides shareholder meeting?
4. Two words..."short cabal".


Good luck.