Post by
Moemoney42 on Nov 25, 2020 3:45pm
The only saving grace at this stage
could be the way this press release is worded... quote:
"Sona Nanotech Inc. withdrew its application for an interim order authorization from Health Canada for the marketing of its rapid COVID-19 antigen test in order to obtain more clinical data to augment its submission. The company is committed to working with regulators to provide additional information and analysis on its test, and to resubmitting its application as quickly as possible."
I don't put alot of faith in management's credibility at this point after dubious tweets, etc. but anyone buying in today could make a few bucks going forward.. its a cr@p shoot at this point but as a betting man today the risk reward ratio is somewhat in line... JMHO
Comment by
jcole199 on Nov 25, 2020 7:28pm
I would have to agree with you, right now risk/reward is not bad. Put up a dollar, downside bale at .50. Could do a dead cat bounce as the pumpers regroup and come out with a new twist. Hey, worst case Sona you can always market your Covid test kit to Joke Shops and sell it as a BS Detector! Hire WaterBoy and his dopler the Grinning Clown to sell at Keg bars. Money $$$ maker!
Comment by
Moemoney42 on Nov 26, 2020 3:21pm
Looks like my call yesterday after the close was exactly how it played out today... ;-)