Sona Nanotech Inc C.SONA

Alternate Symbol(s): SNANF

Healthcare Biotechnology

Sona Nanotech Inc. is a nanotechnology life sciences company, which is engaged in developing targeted hyperthermia therapy. The Company has developed multiple methods for the manufacturing of various types of gold nanoparticles (GNR). It is engaged in research and development of its technology for use in multiplex diagnostic testing platforms and advanced biomedical applications. Its gold nanotechnologies are adapted for use in applications, as a safe and delivery system for multiple medical treatments, for the approval of various regulatory boards, including Health Canada and the Food and Drug administration (FDA). Its gold nanorod particles are manufactured without the use of cetyltrimethylammonium bromide (CTAB), eliminating the toxicity risks associated with the use of other gold nanorod technologies in medical applications. The Company is focused on the development of a pre-clinical nanomedical therapy for the treatment of cancer using its biocompatible GNR.

CSE:SONA - Post by User

Sona Nanotech Inc

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Comment by bluebeard123on Apr 15, 2020 5:22pm

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Post# 30913664

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Whoever Showed Up at 1pm and bought 100,000

There's not enough volume. The spread between bid and ask is too high. This makes the stock volatile. I wouldn't worry too much about the swings in price. If you are confident in this company, accumulate at the current trading range. When Sona submits the approval application to FDA, there will be so much demand for this this stock and there will not be enough stock out there to buy. Insiders and early investors hold a large fraction of the issues stock and they are keeping it close to them. It also looks like others are currently accumulating large positions. Under these conditions SP will take off.

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