NanoViricides Inc. (NNVC)

[davidc2]

Rosie, IMO this isn't what you think or what they otherwise would seem.

I know it isn't what you want to hear.

IMO, it isn't (really) an investment. Not like a long term one if that's the impression you're getting from the associated PR.

Not by any stretch, it's more of...a conversion. In a convertible debenture they are diluting the common shareholders by issuing additional shares that typically immediately get dumped to get to get the investment back at typically a (hefty, which is putting it mild) return.

Please see LR's posts on the beyond awesome return (look at the rate he's getting paid back) he is making. I have also posted a sobering look at convertible debentures.

This is typically also known as death spiral financing that recently if you Google DNDN common shareholders there will get (nothing) after filing for BK.

What is so amazingly awesome here is, they (apparently) are funneling the money raised through dilutive offerings into development fees to a related company while (apparently) accomplishing as little as possible.

Anyone know who owns the other 30% of TC?

This is fascinating to watch and don't get burned.

JMHO