NanoViricides Inc. (NNVC)

[arvitar]

The warrant thing isn't going to work. Not with the stock dangling around its 13-year low in the midst of the greatest bull run in market history.

Seymour's only chance would be to offer an extreme discount to the market in a PIPE offering. If such shares were restricted so they couldn't be sold for 6 months, what price would it take to convince someone to take the gamble with a large amount of money?

A nickel? Seymour would have to sell hundreds of millions of shares at that price to raise the money he'd need for a legitimate drug development effort. There's not enough liquidity in this stock for anyone to be stupid enough to take that risk.

This may be the first scam I've ever followed where the failing company wasn't able to raise a single penny of new funding in its last few years.