NanoViricides Inc. (NNVC)

[JG36]

At the end of September Nanoviricides had about 3 quarters worth of cash left. So they go belly up by July 2019. Anybody buying now is betting that NNVC will get through tox, get an IND approval, and be preparing phase I trials before then, so that the stock price will get pumped up to a dollar or so before NNVC issues a giant block of new shares to stay in business.

Quite a gamble. People buying in the 0.30s might double their money if everything goes smoothly, but it's no sure thing. Anyone who bought at $2 or $3 will probably never be made whole.