RE:RE:MRI Global ValidationAgree with cottrader. Feel that validation from MRI could come at any time. Go back to June 4 where Shoosh talked about a reply from Sona. It said that MRI had started validation testing in the past week. From that, thinking we can assume that MRI validation testing started the week of June 4. The response went on to say they (Sona) expect testing results within a few weeks. Things can come up etc. But if the response timeline for validation from MRI works out with no hiccups, would then think that a "few weeks" would correspond to like, any day now.
Have been monitoring ceo board. Nothingbut time has correctly been telling them for weeks that sona test has not been sent to fda yet. He keeps telling them this, which is spot on. But I keep reading posts on ceo where apparently they arent getting the message. Today, read posts like. Hurry the f*** up, FDA, and FDA is swamped, patience is required. Notinbuttime informative and fact filled posts are apparently falling on deaf ears there. Fact of the matter is, the FDA most likely has not received Sona submission yet, at least not before 06-25.
Based on dd, here is what I am expecting in regards to the process. Would expect that Sona will put out a PR shortly after they receive validation results from MRIglobal. Expecting that possibly in the same PR that they will announce the submission to FDA for EUA/HC for authorization.. If not in same PR, then most likely there would be a separate PR shortly thereafter announcing submission to FDA/HC.
I agree wholeheartedly with cottrader and datawork on share price. May be wrong of course as its all speculation. But if we get a PR with validation news and also word on LOI orders and adll orders from those who have interest in the test, could easily see hitting $15-$20 same day as news. Heck, have seen 10x price appreciation with other covid companies and all they had was potential revenues and a product not yet fully developed. We should be getting a verified, tangible product and money in hand from down payments. Thus, would expect a surge in share price upon news of validation. Then another surge for each subsequent PR with the largest surge when EUA and HC authorization is confirmed.
Don’t know at which stage we will get news on LOI orders and addl orders based on interest. That will be icing on the cake and affect share price even further. If all falls into place, look out. Upon validation and the next 4-6 months beyond that could be amazing.
But it still all hinges on getting validation from MRIglobal. We dont have it yet. Thus, this stock is still spec. Maybe there are hurdles that we dont know about and it will eventually tank? That is the risk. I may be wrong, but from eveything I have read and the dd I have done I am thinking we are very close and that this will indeed be a disruptive technology which is desperately needed in covid battle and it will end up being well worth the wait. If this works out, and I think there is a very very good chance it will, it could well result in gains the likes of which you seldom see once in every few decades.
GLTA wm