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


To: mattstat who wrote (12044)3/15/2019 4:53:38 PM
From: HardToFind1 Recommendation

Recommended By
drkaz

  Read Replies (1) | Respond to of 12873
 
That's what happens when you dilute a stock that [is] already destroyed.
This dilution is small potatoes compared to what we could have seen, or are likely to see in the not-too-distant future. I have to give Diwan credit for minimizing the dilution given the hole he's dug for himself [i.e., for this company...he'll be fine].

The funny thing is Diwan has shot himself in the foot with his numerous violations of trust with the shareholders. If he had just been honest, operated in good faith, allowed somebody else to manage the execution of company programs, and stopped trying to insulate himself from any and all of the financial consequences from his mismanagement of this company, the share price would be a LOT higher. Instead, the company looks like a haven for Diwan's double-dealing, mismanaging, and making sure the shareholders (rather than he, himself) bears all of the risk and consequences for his ineptitude. I honestly believe Diwan would be a billionaire by now if he simply had:
  1. been honest in his dealings with shareholders
  2. allowed other people to run things that he has shown himself inept at running
  3. shown a commitment to making the investors realize a profit in this venture, rather than just making sure he, himself realized the lion's share of the profit
But I have to accept the world as it is, not as I wish it to be.