Nano Viricides, Inc. (OTCMKTS:NNVC) Boosted by Ongoing Promotion
The good times may be rolling for Nano Viricides, Inc. (OTCMKTS:NNVC), at least that’s what paid promoters are saying in their latest publicity attempt from Wednesday. The ticker reached 68 cents after growing by 13% mid-week.
Our database shows NNVC saw nine promotional emails in May, with no compensation. The ticker has been mostly drifting sideways, moving in a relatively tight range between 55 and 75 cents. The volumes from Wednesday were the highest in the past three months, boosted by another message reaching inboxes on May 21st.
Outside the promotion, NNVC seems like a rather solid company, with reserves exceeding those of the typical penny stock company:
- $15 million cash
- $16.9 million total current assets
- $4 million total current liabilities
- $3.6 million net loss
On the negative side, NNVC is digging itself in debt and losses, but not at a great rate. Still, any business successes or failures would certainly lag behind the stock’s moves, especially after the effect of a promotion. The latest pumper was Micro Stock Profit, a pumper with a long history of past promotions, with compensations ranging from $13,500 to over 53,000.
Another boost to the NNVC stock is the idea of nano-technologies, which seems to be a novel way to rename any technology for extra impact. But anything can be a nano-technology, given that most chemical molecules are on the nano-scale, and a name changes very little in the fact that NNVC is a pharmaceutical company fighting to create and market a drug.
But NNVC is very far from any drug release, given that it is not even in a procedure to test and approve a drug, unlike other penny stocks. But this may be a positive side, given that companies awaiting approval gain fast, bu also drop like a rock upon a negative opinion from the FDA.
This was the case of AP Pharma, Inc. (OTCBB:APPA), which dropped significantly on an FDA negative opinion. While NNVC is protected, the stock may still correct significantly when the promotion ends, so it is best to stay away unless you are prepared to face the losses.