NanoViricides Inc. (NNVC)

[JG36]

A $3M burn rate means NNVC has 9 quarters left before it is out of money. But it must raise funds well before it reaches that point. So NNVC will have to raise money (in the usual fashion, by selling stock) within a year or so. Phase 1 will not be complete by then, so the stock price at which NNVC must raise funds well be based upon whether tox is done by then (and of course, what the results of tox are by then). My most optimistic view is that the stock price will be well south of $3, and quite likely south of $2, when the next big stock dilution takes place. It won't be pretty. Of course if NNVC proceeds in its usual fashion the stock price could easily be below a buck by then.

It's also possible that with no clinical trials underway when the next big round of financing comes up that the market will just stay away entirely, and NNVC goes belly up.