I made $1,200,000 on SONA stock.If you don't believe me. Check my post on this board July 23, 2020.
I sold 100,000 shares at $12.50 that I bought in the pennies. I think around .75-.80 cents.
Yes. It is my biggest penny stock trade of all time.
Checking the price today just re-affirms my belief that penny stocks are not investments. They should be bought on momentum runs going up the left side of the chart mountain. Then sold at a profit when the story seems too good to be true. I say this because after 25 years of trading on the venture exchange. When the stories are too good they more than likely are and it is rare for any small company to maintain that much success consistently. Once sold and you've made money you need to move on and don't look back.
Wow! I haven't been following the story here for a long time. Being a long time penny stock trader. This result is all too common. I feel sorry for anyone who has lost alot of money here. Learn to not "invest" in venture exchange stocks. Do that on established TSX and DOW big board companies. These pennies are meant to just be traded.