Replies to post #124655 on NanoViricides Inc (NNVC)

[arvitar]

20 months left until bankruptcy, or dilutive death-spiral financing.

Seymour and Diwan will walk away multi-millionaires, thanks to the help of certain "friends".

"The Company estimates that it has sufficient cash to support current operations through the next two years, i.e. through June, 2018."

"Also, the Company has incurred significant operating losses since its inception, resulting in an accumulated deficit of $64,824,201 at June 30, 2016. Such losses are expected to continue for the foreseeable future."

Page 20. ih.advfn.com/p.php?pid=nmona&article=72455572

[Rawnoc]

fact that in all of human history, there has never been a single instance of a management team first failing to get a single preclinical candidate IND-approved after 11 years and $65M, and then suddenly accomplishing that with 20 months left until bankruptcy.

There's no reason to believe that NNVC will be the first.

Indeed, given the age and unremarkable careers of its management team, there's plenty of reason to believe that NNVC won't be the first to set such historic precedent.