RE:Late or not to late That is entirely up to you. Some would say it has already spiked and you are late to the party, but are you?
Sona's market cap is still only at $528 million.
May 22, 2020:
Sona stated in their new release:
“Sona has received expressions of interest for tens of millions of its a COVID-19 rapid detection, point-of-care, antigen test and has secured non-binding letters of intent for 4.7 million of its tests, subject to test performance parameters and pricing. The Company has begun technology transfer activities with secured manufacturers and expects to begin taking deposits on letters of intent and expressions of interest following the completion and publishing of the validation results.”
Validation at MRI Global confirmed the tests reliability at 96% accuracy and removed most of the risk from this investment. It is what they said it was.
Now they get uplisted to NASDAQ, apply for HC and FDA EUA approval, and fill those orders.
If they already had 10’s of millions in the pipeline back in May, I think it’s safe to say they will sell these as fast as they can produce them. Manufacturing capacities and sales updates are expected to be announced by the end of July.
If you do the math with 10’s of millions of sales, that market cap of $528 million starts to look a little undervalued.
Leavemealone wrote: Question for experience investors....i read all Sona history ..It is impressive...
is it to late to boat in...???
thank