Update: NanoViricides (NNVCD)

Big news for my favorite penny stock. From a NanoViricides press release, via Business Wire:

NanoViricides, Inc. (NYSE MKT:NNVC) (the “Company”) is pleased to announce that its common shares have been approved to list on the NYSE MKT (the “Exchange”) and will begin trading on the New York Stock Exchange on Wednesday, September 25, 2013. The Company will continue to trade under the symbol “NNVC”. In connection with this listing, NanoViricides’ common stock will cease trading on the OTC BB.

I hope you didn’t get too attached to the NNVCD symbol?

Anyway, this is huge news for NanoViricides. First, being listed on the NYSE takes them above the realm of penny stocks. Second, it adds some regulatory requirements, but that is a good thing for shareholders since it makes them just a bit more legit. Third, it opens up financing avenues to the company which weren’t available before.

Overall, I am sitting tight on my NNVCD/NNVC position.

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