RE:RE:This won't be an easy gamethey don't need to comment on the SA article specifcally, but a comment regarding the exaggerated trading activity would be quite reasonable and it done all the time by companies....
eg: "we are not aware of any reason for the recent....", etc.
PresidentBiden wrote: I think that first statement is severely miscontrued. Sona's new CEO stated quite confidently that the field tests will be completed by the end of July and that they have already started the FDA application process. They are doing the field tests as that would be what the FDA would expect of them, so that they are ready to go and pump out as many of these tests as they can once approved.
The more I look at that SEEKING ALPHA article, the more I understand that it was put out in conjunction with some big time short positions.
I sold some of my SONA today and panicked, but wish I didn't now as I do think that this will be back up in no time to where it was.
The field test results will be out immenently and SONA doesn't have to make any statement with regards to the article nor the halting of the stock. More than likely, they are purposely not making a statement, because the news that they do have is entirely positive.
If they were to comment on a such an article, it might lend some credibility to it.
With the stock that I do still have, I'm sitting tight...and the ones with the best stomachs to sit through this disruption will in my mind come out on top in a big way.