NanoViricides Inc. (NNVC)

[arvitar]

Ahhhh.

"By rule the company needs to have, or say they have, enough cash to last a full year from the day the report is filed in order to file on a going concern basis***"

A clears up a few basic things for me! Thanks for this.


The way NNVC is doing this still seems odd to me. They always use the phrase about being able to continue "operations at the current rate" for a certain amount of time.

Adding up the decreases in their Cash and Cash equivalents and their Current Liabilities for each of the last few 10-Q's, it appears they're consistently spending $3-$4M each quarter. I don't see how they can keep asserting they're able to maintain their "current rate" for another year when they simply can't continue to spend as they've been spending for more than another 2-3 quarters.