Replies to post #135372 on NanoViricides Inc. (NNVC)

[arvitar]

I think Seymour and Diwan should go on the "How to fleece investors out of their money without them knowing it" lecture tour after they close up shop

The thing is that Seymour and Diwan have been absolutely transparent and mind-numbingly obvious in their fleecing of investors.

Even now, Seymour has said it loud and clear that the doesn't have a license agreement for shingles, the indication for which he just spent the past year and $10M of NNVC's remaining cash chasing without managing to even identify a lead. A lead that Diwan would own through Theracour if it had been identified. On top of that, a good portion of that money into Diwan's pockets through his Theracour laundry machine.

Yet investors are not only blind to this being egregious fraud and gross mismanagement on the parts of Seymour and Diwan, but are happy about it and think it makes sense.

Seymour said it loud and clear in his recent 10-K that he only has enough money to run current operations (excluding capital costs) until next September.

Yet there are still NNVC investors who have been accumulating shares for years during all of Seymour's transparent bullshit, still saying "I've been thinking about adding shares...".

Seymour and Diwan are actually quite bad in their fleecing of investors by comparison to their peers, since they are so obvious and transparent. All it proves is no talent is required to pull it off. Just a willingness to be dishonest.

There's a very large market of investors wanting to believe in any too-good-to-be-true get-rich-quick scheme that involves some amateur claiming to have made a revolutionary discovery to cure something.