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Bullboard - Stock Discussion Forum Sernova Corp T.SVA

Alternate Symbol(s):  SEOVF

Sernova Corp. is a Canada-based clinical-stage biotechnology company, which is developing therapeutic cell technologies for chronic diseases, including insulin-dependent diabetes, thyroid disease, and blood disorders that include hemophilia A. The Company is focused on developing a functional cure for insulin-dependent diabetes with its therapeutic cell technology, the Cell Pouch System, a... see more

TSX:SVA - Post Discussion

Sernova Corp > elgin1 - stop your panic please; Sernova will get there :)
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Post by jwallisca on Dec 13, 2020 1:34pm

elgin1 - stop your panic please; Sernova will get there :)

elgin1:

Please, please, please do some research first before shooting from the lip. 

In case you haven't noticed, you have provided no support for your contention, nor a means for SVA to get to C$1 so that Sernova could list. 

In addition, you talk about costs regarding a listing, which are given in the two links in my original post on the subject. I also provide a link below for a NASDAQ document for everyone's perusal. 
 
Excerpt (with emphasis added to parts):
 

Listing Requirements for All Companies

Each company must have a minimum of 1,250,000 publicly traded shares outstanding upon listing, excluding those held by officers, directors, or any beneficial owners of more than 10% of the company.

The regular bid price of shares of the company's stock at the time of listing must be at least $4.00. However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.

 

There must be at least three (or four depending on the criteria) market makers for the stock. For companies using the $3 or $2 criteria, only two market makers may be required. Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351, and 4360.

 

Companies must also have at least 450 round lot (i.e., 100 shares or more) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.

 

As of 2020, a company must pay a $25,000 application fee before its stock can even be considered for listing, and it can expect to pay between $150,000 and $295,000 in entry fees if successful.

 
If you want more detail, try the NASDAQ "pdf" on the matter. In particular please see pages 13 and 14.  
 
If the pressure is too much, to save your health, please (like BioTeck) start to unload your position if it is too hot in the proverbial kitchen for you. I believe there will be enough liquidity for you to exit. He says he unloaded a million of his large holding, well done that man. 

I'm 72 and I don't plan to be in Sernova for another 10 years, nor, I suspect, do any reading this BB. 

Please tell me when worrying actually helped you to solve anything? Research, DD and an understanding may, but not worrying. 

Regarding Dr. Witkowski, I have no concern about the content that he will present. It will be World First and World Classbut it may not be the kind of data we are looking for. That said, it is the chitchat afterwards that will be of interest and that word will get out. 

I have presented enough papers at various conferences on O&G. Some were published in refereed journals. At these conferences, it was the discussions behind the scenes that always provided the most information... and word did get out. 

I believe Sernova will get it done. That is my opinion, but it is not (yet?) fact. 
 
We wait... not too long now... I estimate some seven weeks maximum... 

jwall 
Comment by elgin1 on Dec 13, 2020 1:42pm
Jwal I am not panicking but you are not looking at all the possibilities.  Please do not refer to me or reference me in your posts .   Good luck to all shareholders. I believe this investment will be successful if management delivers and follows up on any successful clinical achievement . Elgin
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