NanoViricides Inc. (NNVC)

[JG36]

At the current burn rate NNVC will be out of money in just about one year. There is no reason to believe that the stock price will get much higher than it is now between now and them. So any refinancing that will be done must be while NNVC's stock market price is about $1. A PIPE would have to sell new shares at a discount, say 0.65 a share, to get any takers. So if NNVC wants another $25,000,000, enough to limp along for a couple more years, it will have to issue 38 million more shares. That's a lot of dilution. If anyone is for some reason still optimistic about this train wreck of a company, I'd recommend waiting until after the price drop due to the dilution before buying any shares.