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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.690+5.0%Dec 2 4:00 PM EST

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To: HardToFind who wrote (12828)9/17/2020 7:12:45 AM
From: old 'n cranky1 Recommendation

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Savant

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What lawsuit? No lawsuit is likely.
Two whole months ago a couple of ambulance chasers tried to get a fire started and we haven't heard from them since. Little wonder, they didn't make much of a case to bring a suit.
One said ...
“We’re focused on investors’ losses and whether NanoViricides has accurately represented the work it is doing toward a potential COVID-19 and other treatments,” said Reed Kathrein, the Hagens Berman partner leading the investigation. “We welcome any and all leads that could assist us in protecting investors.”

The other said ......
"The securities investigation concerns whether NanoViricides provided false or misleading information to investors about its activities related to drug development, including a potential treatment for COVID-19."

Do you really think that these folks will be able to show that NanoViricides hasn't accurately represented the work it is doing toward a potential COVID-19 and other treatments, providing false or misleading information to investors about its activities related to drug development in the process?

Even though those things might very well be true they need to be SHOWN and most of these guys don't like to do the necessary work. Besides, if investors don't do everything they can to avoid being misled through their own due diligence they wouldn't seem to have earned the protection of the Court.

It's interesting that the Hagens Berman release says "Relevant Period: Before July 14, 2020".
You know that's not a period, right? They're going to need to determine a claim period. When would you think the appropriate starting date for that might be? Some time in 2005 or whenever the original license was "granted"?

This won't happen: "Forced into success by a lawsuit...that has to be a rare occurrence."
Diwan can't be forced or cajoled or paid into an NNVC success. I don't think it's even part of his plan.
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