NanoViricides Inc. (NNVC)

[loanranger]

That's the most telling snippet for someone doing even the most rudimentary financial analysis. His exact words:
"About 150 million dollar market cap so we have cash for a number of years so we're in very good shape here."

Thanks for compiling these. I liked the minimum of editorial comment because they generally speak best for themselves, but in case anyone missed your point on this one here it is:
A company's market cap has ABSOLUTELY NOTHING to do with its cash position (it's simply the outstanding share count times the share price) so for him to say that the size of NNVC's market cap indicates that it has cash for a number of years is a non sequitur....in other words it's unrelated bullshit.


ps. The market cap on the date published was actually a bit more than $170M....a week prior to publication it had been about $150M (so he was right about something). Today it's about $80M. The company had about $25M in Cash at the time of the interview and it had about $19M as of 12/31/16.
The cash position has slipped and market cap has shrunk and they may be marginally related (the market doesn't totally ignore cash position), but market cap STILL isn't a measure of cash position as Seymour would have his listeners believe it is. It's impossible to tell if he was being intentionally deceptive or if he just didn't know something that EVERY public company CEO should know. He does have a bit of a history on that score, though.