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Sona Nanotech Inc C.SONA

Alternate Symbol(s):  SNANF

Sona Nanotech Inc. is a nanotechnology life sciences company that has developed multiple methods for the manufacturing of various types of gold nanoparticles. The Company is engaged in the research and development of its technology for use in multiplex diagnostic testing platforms and biomedical applications. Its gold nanotechnologies are adapted for use in applications, as a safe and delivery system for multiple medical treatments, for the approval of various regulatory boards, including Health Canada and the Food and Drug administration (FDA). Its gold nanorod particles are manufactured without the use of CTAB (cetyltrimethylammonium), eliminating the toxicity risks associated with the use of other gold nanorod technologies in medical applications. The Company leverages its core proprietary gold nanorod (GNR) manufacturing technology and laboratory assets to focus on the development of diagnostic tests and biologic reagents, and the advancement of its GNR intellectual property.


CSE:SONA - Post by User

Comment by whatdoiknow123on Oct 07, 2020 4:11pm
185 Views
Post# 31681611

RE:WhatdoIknow

RE:WhatdoIknow
Moemoney42 wrote: One last point to your stance
If everything you post is true (which much of it could be) FDA approval soon, Multi million $ sales, 2.0 tests and OTC sales why is it that the stock sits where it does.. with all this stuff as you mention "guaranteed" don't you think investors would be bidding this to new all time highs already? 
Maybe the 85% sensitivity, and HC looking at administering 1,000,000 tests, are concerned about the 150,000 that get inaccurate results..? 



MOMONEY,

I was going to let this discussion drop but it seems that you do not wish to do so. So let me respond :

1. I never ever said that anything was " guaranteed". Very little ever is so please don´t invent words that I didn´t use. I frequently say "if" and "potentially" etc.

2. I have in previous posts explained why I think that the Sensitivity of 84.6% in in-field testing might not be accurate and an underestimate of the test´s accuracy, particularly in view of the MRI results of 96.7% and the fact that it had 100% Sensitivity and 100% Selectivity in the Asymptomatic group. The discrepancy is unusual and many , including Michael Mina as well as other experts believe that there may be an explanation, that is very favourable to the SONA test, and have commented on it repeatedly. I have explained this in several posts recently and although I am certain that you have read them you may wish to review them. If you keep an open and inquisitive mind you may agree that the possible explanation is interesting.
3. SONA meets the HC Antigen test Approval criteria and so Approval will follow.
4. You ask why the market values the stock as it does at the moment but you must know well that the Market usually waits for certainty. We saw how the share price doubled after Validation ( after being in the doldrums awaiting the result even though it was considered likely) and the reaction to Approval could be similar. History is replete with examples of the Market waiting for concrete news before exploding. Those who believe in the stock and are in before news drops will benefit the most if all turns out as we expect.

Do your own DD and GLTA





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