Could drop much lower before higherIn the morning I predicted that we'd hit the $9 range, but this is not the work of 'Shorters', this is purely the fact that people are getting nervous and worried for many reasons. In recent days, there have been ample news about other tests, despite them more than likely not being as good as SONA's and therefore much more competition no matter how you look at it. Furthermore, there has been talk of vaccines coming to the market by the end of 2020, therefore many people are thinking, 'Why would we need tests if there is a vaccine'.
The fact is that a vaccine will take 1-2 years to roll out effectively. SONA's test speaks for itself, but being tested in the real world is much different to a lab, so I'm hoping that they can replicate similar results. Only time will tell. News is imminent, but I do think that this stock will get halted sometime today, simply for the fact that it has dropped so much. I don't think we'll have news with the first halt, which could send the stock price further down when holders of the stock realize that the news hasn't come out yet.