Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

CSE:SONA - Post Discussion

Sona Nanotech Inc > Sona Pre Orders
View:
Post by NothinButTime on Sep 23, 2020 10:51pm

Sona Pre Orders

Sona officially announced 4.7 million pre orders with deposits due upon approval, as well as tens of millions of expressions of interest.  The company has since stated that has grown to hundreds of millions of expressions of interest.  

 

But just for arguments sake, let’s use the 4.7 million pre orders as an absolute floor, and completely ignore the expressions of interest.  Even though we know initial sales will be much more than that.  Let’s also set the sell price at $15 per unit, and only use a multiplier of x3 to keep this very conservative.  

 

4.7 million units at $15 would be $70,500,000 in revenue.  

 

A multiple of 3x revenue would give them a market cap of $211,500,000.  Multiply this by the share count (60,780,000) and you have an absolute floor of $3.48/share.  

 

I used the lowest possible valuations with only 4.7 million units, at only $15, at a multiple of only 3.  

 

We know that the orders will far exceed 4.7 million units.  Approval will send this flying.  This is a fire sale at these prices.  

 

Comment by Triggerman on Sep 23, 2020 11:05pm
Wow !!!! Makes me wonder why insiders are selling and no major pharm company hasn't acquired Sona at these "Fire sale" prices !!! Oh ya , because nobody with a brain is going to buy a test that's 84% !!!   Great math work though.    Idiot. 
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities