NanoViricides Inc. (NNVC)

[seeker_of_value]

Bumbling executives.

Just when the stock was in a sustained uptrend, they had to mess it up. If they had just let the stock run it would have cleared $2 and become eligible for listing on AMEX. They did two things at once:

(1) A secondary - This is reasonable since raising money is crucial whenever the stock price is good.

(2) A reverse split of 1:3.5. What? Just because they are scientist does not mean all Wall Street guys are. Do a reverse split of 1:5 or 1:10 which is easy to calculate. I would not have done any reverse split since the stock was already on the way to $2 and AMEX allows listing as long as price is above $2 for a sustained time period. Secondly, a reverse split has always been bad for stock prices on Wall Street. Don't they know that?

We have a management which is smart scientifically and clueless in Wall Street matters.

Seeker