NanoViricides Inc. (NNVC)

[seeker_of_value]

Glacial question
As you know I am very new to NNVC and have just started to buy the stock.

Yesterday I listened to a presentation that was made by Seymour in Dec. 2009. I was totally surprised. 20 months back he was saying exactly the same things he is saying now. He was talking about functional cure of HIV, Flucide and other vaccines. Nothing they are saying now seems to be any different than what he was saying then. He was even then talking about moving to a larger exchange. They still have not done that. It seems to me they have done close to nothing in 20 months. The only change seems to be (1) They are moving closer to cGMP facility and (2) They have hired some consultants to approach FDA.

Am I right in saying that this company is not only glacial, they seem to achieve close to nothing except spend money? Given the extremely large potential market for their vaccines this seems very strange. If they keep on moving at this speed somebody will surely come up with an alternative that will work as well.

Another statement they make seems close to false to me. They claim that they do no testing of vaccines themselves, all work is done by others. In all the recent releases I have noted that the work was done by KARD, which is the private lab of Krishna Menon, who an officer of NNVC. So this claim seems very close to false. They may get some wok by others, but that work seems to be a small fraction of all the work they get done.

As you know I have started to accumulate position in NNVC. However, now I am getting a bit uncertain. They must not be liars and I cannot believe they made no progress in 20 months. I would appreciate any inputs on this subject.