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Re: bloomvest post# 116189

Sunday, 11/29/2015 7:14:47 PM

Sunday, November 29, 2015 7:14:47 PM

Post# of 146196
Let me restate my questioning of the accuracy of this statement,....

300% dilution or 1 new share for 3 present shares reverse stock split is a possibility for 2016. Just sayin'


As of the last quarterly report,.... NNVC still had many millions of dollars in the bank,... specifically - considerably north of $25 MM,...

As of the last quarterly report,... NNVC had a burn rate measured in the $2-3 MM / quarter burn rate,....

Simple math suggests that $27 MM / $3 MM = 9 quarters of funding in the bank at current rates of use.

So,... NNVC eats up about $10-12 MM / year of operations,.... at most at current rates of use.

NNVC - with operating capital of greater than 2 years of use, and with no immediate need to sell shares (of which we are aware at least),... is in imminent danger of needing to do a 3/1 R/S?

Now that's just not logical,....

“The two most powerful warriors are patience and time.”
- Leo Nikolaevich Tolstoy

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