RE:Sernova can easily afford to drive business growth.
rixpix wrote: Don't know of anyone's seen this. It's a few days old. Worth the read.... https://simplywall.st/stocks/ca/pharmaceuticals-biotech/tsxv-sva/sernova-shares/news/we-think-sernova-cvesva-can-easily-afford-to-drive-business
Rip,
Thanks for posting that . It is a purely amateur assessment of Sva . Firstly , Thayer Sva listed on Cse not Tsx Venture exchange. Their assessment that annual 6.1 million burn rate will last 5 years before they will have to raise money is unrealistic . Toleisikiscis doubling the staff and any clinica
studies for Thyorid or even an expansion of the current Fda trial will eat up that money within a year . To expand the current clinical trial to get orphan status for brittle diabetics will need a minimum of 30 patients . It's taken 3 years to get 6 patients , so Toleikis will do another raise in a year or two imo ..... float will hit 500 million shares and God help us if he decides to reward himself and Hollar with more options with a job well done .
Ms Mustang Sally