NOTE: This post has been re-upped, and updated, because it seems a whole new group of stuck-at-home investors have heard the siren song of this pox upon the public markets.
Never one to let an overblown media frenzy over a disease scare to go to waste, long-running biocon Nanoviricides (NNVC) is back.
Read the backstory from 2014 on this scam, here, in a great piece by Duff McDonald in the New York Observer. Check out some of our notes here and here, and an amazing expose of NNVC and CTIX/IPIX‘s Krishna Menon here.
Almost 6 years later this abomination has returned, capitalizing on a new viral scare and a new crop of naive suckers.
In almost 18 years of existence the company has never even begun human testing of a single drug. Not one.
But they have made extraordinary claims. None of which has ever amounted to anything except stock sales to suckers.
A brief history of this monumental piece of trash.
2005 – The company backs into a shell (Edot.com) and begins trading.
2005 – The company makes outlandish claims about developing a drug for Bird Flu.
2006, Nanovirascam didn’t just tackle that Avian flu, they made wild claims about being a LEADING treatment!
Fresh off defeating avian flu they moved on to Dengue Fever in 2007:
Oooh, we start 2008 with an Ebola scare, and NNVC is there:
Uh oh, Ebola hype dying down? No new pandemic in the news? No problem, go back to an oldie-but-goodie, AIDS:
A year later, Swine Flu:
After a few quiet years, in 2013 more AIDS!
In 2014, wow, a coronavirus scare, MERS, appears, and once again NNVC is at the ready:
Did you say moar Ebola plz? In 2015 Nanovirascam had your back:
The results of all of these “programs” to date? Not a single drug tested in humans, let alone submitted for approval, let alone approved.
Fast forward to 2020:
And a little over two years later, after failing to cure Covid-19, Nanovirascam is back, ready to save the world in 2022 from the scourge of MONKEYPOX!
All the company really works on are press releases and selling worthless certs to idiot investors. Why does anyone think this time will be any different?
This company is only 18 years old without running human trials? What about the one that was run by a Korean that was 40 years old? Its too bad the SEC and DOJ are toothless and allow these blatant scams to run. Also, we know that the NaDDir is probably shouting to someone that Leronsaline can cure Monkeypox.
Unbelieveable!! How do they keep getting away with this? They have ZERO chance of ever doing anything with Monkeypox. They also claim to be developing a cure for pediatric hepatitus because that is in the news now. You forgot that they also promised to cure rabies and HIV. They were going to develop an eye cream and other products to cure Herpes and shingles. This is like Elizabeth Holmes and Theranos but under the radar. I fell for the scam back in 2008 and suffered $50K of loses and now I try to warn anyone I can about their scam. Once I realized that the founder’s wife was the CFO making a big salary and all they were using the money from stock sales for was to buy real estate and other commercial properties of value under the guise of manufacturing centers, I got out. The whole business structure is convoluted and NNVC shareholders don’t really have much as everything is licensed from Theracure which is owned by, guess who, the founder. I wish I could sue them but the legal fees would probably outway my losses. Maybe some attorney will file a class action someday but who knows.