NanoViricides Inc. (NNVC)

[arvitar]

Lots of these failed microcaps continue to exist for years after they run out of money. I think NNVC's only significant debt is owed to Theracour, so there's nothing to force NNVC to declare bankruptcy if Diwan wants to keep it alive.

My gut feeling (without any evidence whatsoever) is that Diwan believes he can eventually find new investors to buy his bullshit for a rinse-and-repeat. He might want to do that through either NNVC itself, or through a new company he creates through some kind of reverse merger. The cost of buying a public shell these days looks to be in the range of $100K-$200K, so there's benefit to keeping NNVC around even as a penniless non-operational shell.