NanoViricides Inc. (NNVC)

[seeker_of_value]

Cabel,

Seaside is not required to sell any stock. According to the contract with NNVC they only have to buy $400,000 of stock every other Wednesday.

So it is a matter of speculation as to how many shares Seaside actually sells. I investigated the types of companies that seaside has been investing (?) in. The result showed that they have this type of contract with companies in multiple industries, some even on the verge of bankruptcy. That showed me that Seaside is not investing in any company, they are simply in the business of buying shares in small companies at a discount, then turning around and selling the stock in the open market at a profit.

Clearly Seaside buys NNVC stock at 15% or more discount to market price. Then as long as they sell quickly, they should make a gain of at least 15%. The problem for a long time was that NNVC stock was constantly dropping in price. That meant that unless Seaside sold quickly they could make less than 15%. My estimate is that they never sold NNVC stock at a loss.

When I look at this scenario, my estimate is that Seaside sold 90 to 100% of the stock they have bought. So at most they hold 10% of what they bought, most likely none. We know for sure that they do not have more than 5% of outstanding stock, otherwise they would have to file with SEC. I do not think they will have much stock left to sell after May. Others here have estimated that Seaside has been unable to sell all the stock and still has a significant amount of stock left with them. All of us are just estimating how much stock is still with Seaside.

Seeker