Reasons I Bought SONA TodayAs some of you might remember, I was negative on SONA a couple of weeks ago.
Well today, I am a believer and bought SONA today.
The following made me buy SONA:
- Gov't grant/free cash of $4.1M
- LOI for 3.5M units initially
- There is now a working prototype
- There is now manufacturing capabilities in North American and Europe
- Great partners
- GE Healthcare's biopharms division just became a division of Danaher's Cytiva ($21.4B acquisition). President of Cytiva Emmanuel Ligner mentioned SONA. Billion dollar company executives only mention small Canadian companies when there is game changing/ huge revenue opportunities.
https://www.fiercebiotech.com/medtech/conversation-emmanuel-ligner-head-new-cytiva-closing-a-21-4-billion-deal-a-time-coronavirus - My model shows min. price target is > $5.00 based on just the 3.25M test kits.
- Potential 25 bagger, yes 25 bagger! If WORX, with an inferior product just received a purchase order for 48M test kit units, SONA could do that type of purchase order and more.
Watch and learn,
Wisee