NanoViricides Inc. (NNVC)

[Nanotoday]

NNVC had and equal amount in the bank when it did the initial RS and when it took the money from Dr. B. as well as other dilutive loans (remember Seaside)? And made similar claims to "having sufficient funds" and then took additional loans and the RS. I know they explained the reasoning for the RS, but honestly, NONE of the benefits they claimed would come from the RS have come to fruition. And I have to believe they were not expecting it to impact the SP as dramatically as it did. We are now BELOW where it was prior to the RS. And I don't mean as a factor of 3.5, I mean the SP was $1.36 and then they spilt and everyone got diluted 3.5 to 1 and now the SP is $1.20 AFTER the split (or .40 pre split) a decrease of…300%!

There was talk of always wanting to have a year of operating in the bank, but honestly I don't recall if that was a company position or a claim that it was an FCC requirement (I think if the latter, it is not correct).

If the former is correct, then they would be looking for additional funding in just over 12 months.

Just saying the company has NEVER waited until it actually needed funding, or was even close, when they've taken additional funding. And the company has always preceded any additional funding with statements saying they do not and would not take funding.

Those are facts.