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Sona Nanotech Inc C.SONA

Alternate Symbol(s):  SNANF

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

Bullboard Posts
Comment by bluebeard123on Apr 15, 2020 11:35pm
169 Views
Post# 30914670

RE:RE:Throwing out some numbers

RE:RE:Throwing out some numbers Their NR said that Sona will bear the costs to retool contract manufacturer. This would be a lot of money, especially if Sona is going to do this for many contract manufacturers all over the world. They don't have enough cash on the books to do this. It would make sense to raise cash with private placement, especially if they can move SP to $5+ with announcement of approval application to FDA and HC. If they issue 20M more shares at $5 each, then they would raise $100M in cash. This would make sense and it would not significantly dilute current shares. This would also increase liquidity increase trading volume and SP.
Bullboard Posts