Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : NNVC - NanoViricides, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: andy71 who wrote (11006)	8/24/2018 12:43:14 PM
From: HardToFind	Read Replies (1) \| Respond to of 12871

So Boniuk has sold all his stock ... thanks for that update I didn't exactly say that. Some people believe you haven't lost money until you sell. I'm not in that camp. Perhaps the IRS asserts that because they need an objective rule by which to extract taxes. But I believe when a company gets itself between a rock and a hard spot (e.g., running out of money, lost the confidence of shareholders, unable to execute, unwilling to commit to a schedule, auditors question the company as a "going concern", when board members are jumping off the ship, when it appears the CEO is unceremoniously fired, Chairman of Board has locked up the company in a licensing agreement that has made it his personal piggy bank, etc.), and the share price drops...you most likely have lost money whether you are ready to sell at that point or not. I am not aware that Boniuk has (or has not) sold any shares.