Sernova Corp T.SVA

bought deal

[woundedknee]

last one was 30 cents ...multiply by 4 for this one.

[woundedknee]

Just upsized to 20 million from 10 mil. Lots of cash now...

[BioTeck]

Are we trying to raise enough money to buy ViaCyte? Lol

[BioTeck]

A year ago the company was barely worth the amount of this PP. What could they possibly need 20 million for?

[rixpix]

Good point, BioT. 20 Mill is substantial. Why raise so much now? Why not wait and raise more in 6 months when the SP might be higher?

[smokeydabear]

Supply and demand?  Could be there was more institiutional money that wanted in on this so why not upsize it?

[markeg]

Ya f&$kin dummy.  They needed more Michelobs. They want to cover 10 acres.

[Bakunin6]

The last clinical trial had 7 people in it...the next? Maybe hundreds. Going downtown to see my girl.

[woundedknee]

Reverse split is next...nasdaq...jmo

[Treesh]

agreed

[BioTeck]

I disagree. However, it could be something relating to potential partnership deal where company X will invest a certain amount into SVA for some kind of license rights. Most often large corporations will not invest a lot of money into companies that don't  have cash of their own on their books. It could also be a power move by Phil to show pharma we aren't desperate for their $. Or

[woundedknee]

As I said BioTeck...jmo. But they did say they were going for a NAZ listing. At this sp it's not possible.

[JonEcash]

I'm leaning towards what BioTeck is speculating. If it was just to be a reverse split everything would have been better planned. Why do the bought deal and then double it in less than 12 hours? This smells of things having to move very quickly for a specific, strategic purpose. I'm hearing it's not easy to get in on the bought deal either, which is a good sign. As others have said

[woundedknee]

When all the smoke clears it's a possibility that we are looking at close to 270mil shares and a 1/10 would make a naz listing a given. Again..jmo

[BioTeck]

I can confirm difficulty getting in on the placement. I have bought into SVA placements before and I am unable through my regular channels. I will try a few other contacts I have at Canaccord and Leede. I am told that demand for this is really high which is obvious by looking at the current share price trading 10 cents above PP price. 

[Redbaron2211]

The fact that this placement happened at the same time as the Xetra exchange tells me Canaccord, Leede and whoever else are involved are giving some direction.  I'm sure it's obvious to them how undervalued this is compared to peers and will be able to give guidance.  They help with Xetra listing and hopefully push for a Nasdaq I don't see why they wouldn't and might have