NanoViricides Inc. (NNVC)

[JG36]

I find the whining a little strange myself. Everybody here owns almost exactly the same percentage of NNVC today that they did yesterday, aside from the few that dumped their shares yesterday or bought some today. The only act of dilution was the issuance of a few million shares and warrants, which amounts to a few percent of the outstanding shares. Logically that action should have dropped the share price by 3 - 5%, not 33%. So we are faced with two choices that really have nothing to do with the reverse stock split itself:

Either the shares were irrationally overbought yesterday or they are irrationally oversold today (or both). I suspect the former, and am unsurprised by the correction. The ones with rose colored glasses should be confident of the latter, so should be happy to grab some cheap shares now. In any case, the bitching about the irrational action of the stock market is pointless.