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Nova Mentis Life Science Corp C.NOVA

Alternate Symbol(s):  NMLSF

Nova Mentis Life Science Corp. is a Canadian biotechnology company. The Company is engaged in developing diagnostics and psilocybin-based therapeutics for neuroinflammatory disorders. The Company has orphan drug designation in both the United States and European Union for the use of psilocybin in the treatment of fragile X syndrome (FXS). Its focus is to diagnose and treat debilitating chronic conditions that have unmet medical needs, such as autism spectrum disorder (ASD) and FXS. Its core scientific focus is on chronic neuroinflammatory conditions, which fall under three categories: neurodevelopmental, neurometabolic, and neurodegenerative. The Company operates in one segment, being research and development of psilocybin, and in one geographic area, being Canada, through its wholly owned subsidiaries, Nova Mentis Biotech Corp., and SwabAi Diagnostics Inc.


CSE:NOVA - Post by User

Comment by Iseneschalon Jan 09, 2021 10:48am
113 Views
Post# 32261068

RE:RE:RE:Its the time of the season!

RE:RE:RE:Its the time of the season!I checked your LIB posts and I can only assume that you probably bought before Dec 01/17 which in hindsight was a great time to buy......shortly thereafter you saw a very nice profit (on paper?) because it ramped up to  $0.95..... Again I am assuming that you never sold and to make matters worse......you let a profit turn into a loss because you have held it as you say...."for a long time"

Since you've held LIB and you now own NOVA.....I'm assuming you now own 1/4 of the # of shares you originally held.......due to the 4 : 1 Reverse split when LIB changed to NOVA.
In addition.....your ACB (adjusted cost base)  is probably somewhere north of $0.40.....that is if you didn't average down (bigtime) at the pre-Rsplit lows being 5 cents.
If my assumptions are correct......you are holding a pretty heavy bag. So if you're no pro-active tto correct your past error...all I can say is..... Hope is eternal.

Here are a few things to watch for....
1) Another Name Change
2) A News Release stating they are arranging a Private Placement
3) Me buying the dips

Cheers!
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