NanoViricides Inc. (NNVC)

[BonelessCat]

More clarification on the latest S-3 from Dr. Seymour, CEO

As I said, we did this because you have a 60 day window to apply for an S3 after your market cap hits $75M of unaffiliated share holders. We hit 72¢ 60 days ago.

Thus, since 105M shares are held by unaffiliated holders multiplied by 72¢, this equals $75M.

We held out until the last day

It hasn't been approved yet and we may not get it approved

Meanwhile, the old one has $17.5M left and it expires in Q2

We did it not to use it but to have it in case we needed it

If it gets approved, we'll roll the old one into the new one and there will be a total of $57.5M available for 3 years

I can't understand the handwringing associated with this

Like I said, it was merely procedural

I would have been happy to simply extend the old one at $17.5M for another 3 years but that wasn't possible

Gene