NanoViricides Inc (NNVC)

[Rawnoc]

Last but not least the dumbest ideas the company could do is issue $6.05 warrants with a stock price barely hanging over $1.00.

Those warrants would be about 80% below being in the money and would trade for almost nothing.

The mythical $36 million in the God-awful example would only happen 5 years from now if the stock price is comfortably above $6.05. In much less years than that, NNVC will be completely bankrupt if it doesn't raise money in a more sane manner than this senile idea.

Shorts and the mythical "cabal" won't do anything but laugh and new shorts will be attracted. Nobody is going to give a shit about $6.05 worthless warrants on a $1.20 stock. Good grief lol is this for real? If issuing worthless warrants really helped a stock everybody would be doing it.

Usually warrants are just issued as a "sweetener" to an investment bank who buys deeply discounted dilutive shares. It's called a "sweetener" because they are just a gamble, at best, with little short term value. And those are warrants priced with a more enticing level such as say $1.50 warrants on a $1.20 stock. $6.05 warrants on a $1.20 stock? ROFL!!!!!!