NanoViricides Inc. (NNVC)

[jg35]

Well, I'm sorry, but here are the facts:

1. This company has no earnings.

2. This company burns money every month.

3. This company can not make money until it spends a very large amount of additional money (Phase II and III trials). Furthermore, the expensive stuff has to go right -- the drug has to actually cure the disease. (Any drug researcher can give you a long list of drugs that worked in rats but not in people.)

*Any* company that meets criteria 1, 2, and 3 has a high probability of eventually going bankrupt. That does not mean that NNVC has no assets. Companies can go bankrupt while still having valuable assets. In that case the creditors get whatever is left. But in bankruptcy the stockholders always get zero.

I am long this stock and obviously am hoping that bankruptcy does not occur. But I'm not naive enough to think that it is a remote possibility.