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Sernova Corp T.SVA

Alternate Symbol(s):  SEOVF

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, the Cell Pouch System, a novel implantable and scalable medical device with immune protected therapeutic cells. The Cell Pouch is a scalable, implantable medical device. The Cell Pouch is designed to create a vascularized organ-like environment for the transplantation and engraftment of therapeutic cells. Its regenerative medicine therapeutic approach is to provide cell therapies where the cells, transplanted within an organ-like vascularized implantable device, the Cell Pouch, generates proteins, hormones or factors released into the bloodstream for treatment of diseases requiring replacement of these molecules in the body.


TSX:SVA - Post by User

Bullboard Posts
Post by jwalliscaon Aug 19, 2019 5:23pm
73 Views
Post# 30044519

MedStocks2 apologies that you are English Challenged

MedStocks2 apologies that you are English ChallengedMS2:

I didn't realize that you are English challenged. My apologies that I didn't spell matters out clearly enough for you to understand.

Below, I repeat a portion of my first of two sequential posts and will try to explain it to you better. I am hoping your basic English is sufficient to win the day...


----- START -----
NOTE, regarding today's PP news, the $64k only from Existing Shareholders when a cool million was set aside for them. This means that part of this million is going to deeper pockets as well as the added half million.

This means that Existing Shareholders are tapped out
 whereas deeper pockets not so much.

----- END -----

Link for news of the PP 25 July:
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSVA-2787744&symbol=SVA&region=C

Excerpt from 25 July news release:

Sernova Corp. has arranged a private placement of up to $3-million in units of the company at a price of 20 cents per unit, including up to $1-million in units that are being offered pursuant to the "existing shareholder prospectus exemption."

Conclusion: Logic dictates that because existing shareholders didn't take up their full C$1 million having taken up $64k only (per today's news), then they are tapped out as far as this PP is concerned.

On, on to an excerpt from my second post:

----- START -----
Keep in mind that tax loss selling season is coming. Unless Sernova can get matters moving soonish after the PP closes, the share price is likely to be under pressure again.

Further, if Sernova were (Subjunctive Case) to miss JDRF progress payments again because of any delay in the FDA trial, another PP could possibly be being talked about spring 2020.

----- END -----


I am unclear what part you have difficulty understanding with your limited English skills. So, let us try the following.

Tax loss season comes around every year and I believe you (or another BB poster) mentioned same in a much earlier post late last year, or more likely earlier this year regarding Sernova and why the share price weakness "then". Logic dictates that no news, or a weak news stream from Sernova with the implied share price weakness would encourage some with good tax year capital gains to take a tax loss and risk waiting 30 days before buying the stock again.... assuming they would still be interested.

It seems you have no idea what Subjunctive Case means.
https://getitwriteonline.com/articles/subjunctive-mood/

Excerpt:

...a verb in the subjunctive mood is used to indicate a situation or condition that is hypothetical, doubtful, or conditional.

You must not be a sports fan because you seem not to understand "replay".

When Sernova did the PP mid-2018, the amount raised would have been based on money on hand, money expected (JDRF progress payments based on milestones) and money from the PP. The likely expectation of Sernova is that sufficient good news would come out to lift the share price to allow exercising the 35 cent warrants. Sernova would then be "in the money" and no further fund raises would be needed. However, we can all see from the news timeline how protracted the recruitment was and then how late the installation of the single pouch was compared with predicted time frames in earlier releases.

Should matters be (Subjunctive Case) delayed yet again for whatever reason, then Sernova would be back to a similar situation as this last iteration. I am very hopeful that this will not happen, but time alone will tell whether we get a replay, or not.

Regarding Mr. Ray Matthews (and Dr. Philip Toleikis), I have never met either. Sonny7 from the wording in his posts strongly implies that he has. Should you need details, may I suggest that Sonny7 is the man to contact.

If you continue to have trouble with my wording (and that from other posters - this is based on how you respond to posts), I suggest that you take a remedial course in English, it might help you with future posts and even your daily life.

In closing, I am pleased that you are able to see value in The Pouch so we do have a very little common ground.

The very best with making coin with whatever share holding you have in Sernova and any other investments.

jwall
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