NanoViricides Inc. (NNVC)

[seeker_of_value]

There is not much that SEC or other agencies can do about such articles. We live in a free country and everybody can say what they want unless they say things which are against the law. Most of the stuff said in this article has been looked over by lawyers since it is already a part of an existing compalint to a court. So what can SEC, NYSE etc. do?

It is just shameful that shorts can use this strategy and steal maoney off those who do not do due diligence. This practise is quite popular in biotechs where stock price is not based on actual profits, but based on expectations of a future profit. What the shorts do is that when they see a stock has gone up quite a bit recently (NNVC has gone up several folds from its low in last one year) they just short the stock and then file a frivolous complaint somewhere. The complaint may be made to SEC or to a court to make it look legitimate. The complaint does not have to be real it just should seem plausible. Then they write an article in SA nd the stock goes down, they buy the stock back and have made their money. Now the investors can do what they want, the stock price is destroyed for the near term.