Sona Nanotech Inc C.SONA

Alternate Symbol(s): SNANF

Technology Scientific & Technical Instruments

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 buy2009on Oct 02, 2020 9:21am

136 Views

Post# 31657027

RE:RE:RE:New Development Today

Hey Moe
Need to reply here as you are on ignore.
How come some of your posts make sense and then you focus on percent gain? Market cap is more appropriate.
But answer me this Moe. How does your logic handle the following:

Abbott jumped 8 bucks when they announced their POS rapid test for 5 bucks a test. Trump bought out the entire production for 2020 at $750m. So explain to me why the market cap of Abbott went up by 1.77Bx8=14.16B
That is over a 14 billion dollar bump on what may turn out to be a 750m revenue bump. Not profit but revenue!

$14,160,000,000 bump in one day!

At 25 dollars Sona wouldl have a mkt cap of approx $1.5B or about 1/10 of the ONE day bump of abbott.

Explain with your logic please.

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