NanoViricides Inc. (NNVC)

[seeker_of_value]

Bunny,

I seriously doubt Seaside has a delay between converting into actual shares and selling them. I think they just want to make money on their 15%. Now if they delay between conversion and selling, the share price could go down by 15% and they would not be able to pocket 15%. Why would they take risk? They are not long term shareholders like we are. So I think they convert and immediately sell as soon as practical. You will note that the last installment of conversion happened on Oct 14 and it was a very small conversion. Have you noted the serious drop in trading volume. I think it is just because at this time Seaside does not have much to sell.

Note that even today somebody tried to sell. The share price fell to 0.78 momentarily and recovered. If Diwan felt that sub $1 price was too low to sell, the result will be a gap in the next Seaside contract. That will give the stock price time to recover. The last few contracts have been one right after another. I suspect there will be a delay here to let the stock price recover.

There is definitely a big demand for NNVC shares. All this time that Seaside has been selling the share price has not just plummeted. If their was no demand we would see that Seaside selling had a disastorous effect on stock price. I personally have bought over 200K shares, there must be many more like me.

Seeker