NanoViricides Inc (NNVC)

[DaysOnTheBeach]

NanoViricides Demands Retraction of Baseless, Inaccurate Libelous Article by an Anonymous Short Seller Posted on SeekingAlpha Website

http://finance.yahoo.com/news/nanoviricides-inc-demands-retraction-baseless-120000926.html

NanoViricides, Inc. Demands Retraction of the Baseless and Inaccurate Libelous Article by an Anonymous Short Seller Posted on SeekingAlpha Website

NanoViricides, Inc.
February 14, 2014 10:06 AM

WEST HAVEN, Conn.--(BUSINESS WIRE)--

NanoViricides, Inc. (NYSE MKT:NNVC) (the “Company”) has demanded from Seeking Alpha the removal of a damaging, baseless and inaccurate article posted by a person who was shorting NNVC common stock.

It is obvious that the anonymous author of this article orchestrated the publication of this article in connection with a massive short position which this person was a major beneficiary of, possibly in collusion with others. The article was clearly designed to manipulate the price of the Company’s common stock downwards for significant personal gains for the persons with short position in the stock including this anonymous author, at the expense of the Company’s shareholders. The article is pure libel, full of numerous false statements, inaccuracies, innuendos, is not based on any factual information about the Company, and twists many facts to fit the person’s motivation to cause a damaging view about the Company. The article has caused significant damage to the Company and its shareholders.

The Company has demanded retraction of the article from the SeekingAlpha website and disclosure of the identity of the anonymous person who posted it. The full text of the demand is posted on our website under the item: “NanoViricides Demands Retraction of the Damaging Article by an Anonymous Short Seller Posted on SeekingAlpha Website”.

The Company is also preparing a complaint to file with the Securities and Exchange Commission to request it to investigate this stock price manipulation.

NanoViricides, Inc. is fully prepared to seek appropriate legal action against parties involved in this libelous attack.