NanoViricides Inc. (NNVC)

[JG36]

NNVC must raise cash in under a year. How it will do that when the stock price is both very low and has very low liquidity is the big question.

Liquidity matters. Typically money is raised by issuing a big block of shares to short term investors at a discount, with a lock up period of maybe 6 months. The investors simply want to dump their shares after six months at a price higher than the discounted price they paid. They don't care if NNVC ever gets a 'cide out the door. But with such low liquidity those investors aren't seeing any good exit strategy. So they'll stay away.