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Saturday, October 27, 2012 2:26:42 PM
On Saturday, October 27, 2012, EUGENE SEYMOUR wrote:
This filing was merely procedural.
The current S3 expires in May and because of the stock closing above .72 in the past few weeks, we had the opportunity to renew the shelf registration (S3) for another three year period. The .72 figure was derived from a $75M market value of the shares of non-affiliates in the public float.
The purpose of the filing was only to have the ability to raise more money, if necessary, with a current (non-expiring in May) shelf.
We will now incorporate the old shelf numbers into the new one.
The net gain here is really the extended time available for the new S3
Eugene Seymour, MD MPH
Chief Executive Officer
NanoViricides, Inc
310-486-5677
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