Replies to post #54361 on NanoViricides Inc. (NNVC)

[leifsmith]

Fortunately, an infinite amount of time will not be required. But, seriously, I get your point and restate it by saying that as long as quality is maintained faster is better.

[seeker_of_value]

There are two aspects to this:

(1) FDA approval process is slow. Once you make an application it takes them months to reply. If you goofed up on your application, that will make them reject it and then you will have to send them a modified application and again you have to wait several months. You do not want to do this back and forth process. It is very important to talk to FDA in detail before you submit the application. FDA will hold meetings in person to advise the applicant. Once you have done all your due diligence you want to submit an application that will be accepted in first go. This due diligence takes time, but it is time well spent. You do not want to hurry up just to get rejected.

(2) Still NNVC pace has been super slow. That was my first observation when I started investing in this stock. Their strategy made sense at one time, but it is no longer valid. In the beginning the company had very little money and raising money was very difficult. So they used their money wisely by being super frugal. That was okay at one time, but is no longer fine now. The company already has enough money for now. They no longer need to be super frugal. Now they need to speed up. Speeding up requires people to do the work. Do not forget time is money. If we delay the approval process we will surely lose money that we could have earned. Surely some other competition could come up. But even if competition does not come about, we are still losing money that we could have earned. What they need to do is to hire some more people so that they can speed up the application process. They will also need people to run the trials. However, what is see is business as usual. They have the money but they are not hiring. They not only need consultants, they need internal employees also. Having few employees will delay the FDA approval process. Each time I communicate with Dr. S I make the point to tell him that they need to speed up which is almost equal to saying hire a few people. Maybe more of us need to tell him that. He listens well.

When I look at this company I see a multi-billion dollar corporation. I do not see it as a small company as it is now. A big company does not have four employees. It is time we started to plan being a multi billion dollar corporation.

I think I should send a copy of this posting to Dr. S.

Seeker

[noretreat]

This summer was great for those who were short. THere is no other conclusion. For those who have held there have been giant drops in value.

I lightened my position today...lost 3-5 cents on what I recently bought. Will wait for something REAL to happen now.

These patents start to expire in about 5 years. And NNVC is still probably 2 years minimum from revenuw. Every day that is wasted has a large opportunity cost.