Seeking Alpha

Nanoviricides plunges following SA article

  • Nanoviricides' (NNVC) shares plummet 25% after Seeking Alpha author Pump Terminator labels the company a "house of cards with 80% downside," and gives the stock a "strong sell" recommendation.
  • It goes without saying that Pump Terminator is short Nanoviricides, which develops anti-viral therapeutics.
  • Nanoviricides is "the worst U.S. reverse merger we have ever seen" and is "obviously a vehicle designed specifically to enrich insiders," Pump Terminator writes.
  • Pump Terminator accuses the company of stock promotion and heavily diluting shareholders "as insiders siphoned off millions of dollars."
  • Pump Terminator also believes that one of Nanoviricides's top scientists has been dishonest, calling into question its technology, which "is clearly not viable."
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