Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : NNVC - NanoViricides, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: mattstat who wrote (12533)	12/12/2019 8:32:13 PM
From: HardToFind	Read Replies (1) \| Respond to of 12873

NNVC will dribble to all time lows and die a penny stock. It's over for sure. Let's see...just the most basic of fundamental analysis: (Numbers from Yahoo! Finance) Initial reverse split 1:3.5 in 2013, next 1:20 in 2019...equaling 1:70. Hmmmm... Total Cash (mrq) $874.95k Current Ratio (mrq) 0.50 (Note: A current ratio below 1 means that the company doesn't have enough liquid assets to cover its short-term liabilities. [Short-term means over the next 12 months...]) Management just had one attempt to do a financing turn sour (predatory lenders circling in the water...) Apparently shareholders just rejected a request to issue a whole lot more shares (to do a financing). I think you're right. It's over...no forecast or chart reading required. These guys are either going bankrupt in something like 6 months (0.5 x 12 months = 6 months), or are about to be turned into sex slaves by the predatory lenders. (Poetic justice? Maybe...if you understand the humble origins of this company from Yidam's perspective.) I think we all need to write this one off, emotionally detach...and do our best to enjoy the clown show in hopes that Diwan loans money to keep NNVC alive (throwing good money after bad) and hangs on as the whole thing goes down the swirly. Let your morbid curiosity kick in. To think...the whole thing could have been a wild success (IMO) if Diwan hadn't been such a greedy pig. I think people would have been willing to put money toward the company if it weren't so clear that Diwan was going to screw them. But alas...that's not the world we live in.