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Bullboard - Stock Discussion Forum Sernova Corp T.SVA

Alternate Symbol(s):  SEOVF

Healthcare Biotechnology
Sernova Corp. is a Canada-based clinical-stage biotechnology company, which is developing therapeutic cell technologies for chronic diseases, including insulin-dependent diabetes, thyroid disease, and blood disorders that include hemophilia A. The Company is focused on developing a functional cure for insulin-dependent diabetes with its therapeutic cell technology lead asset, the Cell Pouch... see more

TSX:SVA - Post Discussion

Sernova Corp > Follow the money?
View:
Post by LiquidReality on Mar 22, 2024 1:52am

Follow the money?

"As at January 31, 2024, we had working capital of $2,886,403 (October 31, 2023 – $11,431,210)." How did they burn $8.5m in 3 months?
Comment by rixpix on Mar 22, 2024 7:16am
Good question.  You should call or email the company for a reply. 
Comment by LiquidReality on Mar 23, 2024 4:04am
Doesn't matter. What is done is done. More importantly is they are going to need money soon so a financing has got to be coming, and I would most assuredly beleive it will be at a price a lot lower than $0.60.
Comment by bbowles on Mar 22, 2024 12:54pm
Maybe the question should be where did the 8.5 go?   CFO fired for cause and another one being investigated.
Sernova Corp