Replies to post #37517 on NanoViricides Inc (NNVC)

[TheBunny]

Another $5M to Seaside? The pps us retail investors have built up will be gone. Some have called it: 'Toxic Financing'.

All I know is that as soon as the Seaside PR was announced the pps has been receding ever since. Not even 'Eva Excited' could stem the
the daily 'Red' flowing from NNVC.

I got two questions:

1. Is there going to be a Tox package? If so, Will it be paid from the 5 million dollars NNVC treasury has already received?

2. Last I heard was the AMEX uplisting was a 'done deal'. Is that still so? If so, please explain how that there can be an exception for a stock near $1.00 valuation and 'trending downward' ?


Thanks,
-Bunny-

[BonelessCat]

"Follow-On Offering. At any time during the period commencing on the final Conversion Date and for six months thereafter upon notice to the Company, the Purchaser may purchase, on the same terms and subject to the same conditions as those contained herein, up to 500,000 additional shares of Series B Stock (the “Additional Shares”) from the Company (the “Follow-On Offering”)."

The final conversion is next week for 12K Series B Pref.

http://sec.gov/Archives/edgar/data/1379006/000114036110020548/ex10_1.htm