Sona Nanotech Inc C.SONA

What a fall

[Biggainer]

Absolutely shocking. From the high of $16.05 to $ 0.36. Down 98%.
What does this mean for all the other companies delving into covid rapid testing, as the numbers continue to plummet. What is the next sector to go boom and bust?

[Kaiser]

What this means is any company that has a WORKING test will do just fine.  Sona pulled out because their test didn't work.  End of story.     

[Biggainer]

I wouldn't touch any stock involved in the Covid field, as the covid cases is continuing to plummet all over the world. Have you seen the crowd size in the States during sporting events, as if this covid thing never existed. Soon it will be back to normal. 

[Moemoney42]

Thats why the pivot to bovine testing could be a smart move going forward.. like they said they have learned alot through the Covid development stage to hopefully utilize their gold nanorods for other applications... good luck folks.. I don't think the fat lady has sung yet.. ;-)

[Kaiser]

right... you're seeing this is some states where there are completely vacccinated people.  You do realize the states is just a small portion of the world population right.   Europe/Asia/South America have a huge part of the world population and their numbers are NOT going down.  Very few vaccinated compared to North America not to mention their ability to follow health

[Moemoney42]

I agree Biggainer.. there's no guarantees in this sector and the posters from the THRM board basking in the glory may have a rude awakening as well.. their data is long overdue too.. SONA managed to find that out in weeks and came to the table quickly to report.. no news from THRM on field tests that were started before SONA's could come up short as well..?? Something isn't adding

[stockmonster6]

This has nothing to do with the sector, but the way SONA has been handling their test and their progress.  It is quite clear, they had no clue what they were doing and over inflated their potential saliva test, and as I had pointed out, went to HC clinical studies with no preliminary results of any kind of sensitivities and reliabilities.  They were putting cart before the horse. On top

[bluebeard123]

I sold over 6 months but I have been following. I knew this stock was a nothinburger back then. I feel sorry for all the people who lost money. 

[WakeUPP]

"What does this mean for all the other companies delving into covid rapid testing" if they ae jrs...heading towards zero granted, 98% of jrs are regardless of what they do. and the other 2% usually end up far down from thir high.  Its a crying shame MOSt retal investors on sh still dont reliaze that