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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 > A Match Made in Heaven
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Post by donkeyfeathers on May 17, 2022 9:48am

A Match Made in Heaven

CD at Evotec certainly impressed me with that comment.  I also liked the answers given to Doug Lowes questions - straightforward: we have the bench science and the data to move this partnership along quickly.  Watching the trades go through now and keeping a close eye on whether the price can be kept above $1.72, so some of those warrants are kept in the money and then must be exercised. I'm still holding my timeline for significant multiples, assuming the CC progress continues and the IND submission doesn't hit a snag.  Based on earnings potential, the TSX uplist appears to be just a matter of formalities being addressed.  Congrats to all who worked on getting this partnership realised, and most of all, thinking about Dr. White's visionary thinking way back when :) 
DF
Comment by MoneyMouth on May 17, 2022 10:15am
Unconditional warrants priced at 2.50 a share by august 31st 2022! 2.50 here we come!
Comment by Metalsguy1 on May 17, 2022 10:26am
You are such an idiot. The $2.50 is not guaranteed just because of this deal...that isn't how the market works.
Comment by MoneyMouth on May 17, 2022 10:35am
Well Evotec will be paying $2.50, that's guaranteed!
Comment by MoneyMouth on May 17, 2022 10:39am
In addition, pursuant to an unconditional purchase warrant, Evotec will acquire, on or before August 31, 2022, a further 2,709,800 common shares at a price of CAD$2.50 per share for gross proceeds of $6,774,500.
Comment by MustangSalley on May 17, 2022 10:56am
Mouth, If sp is not at 2.50 by then they will be paying the market price average . If it is above 2.50 at that date Evotec pays only 2.50. Selphie and his crew and insiders selling into the news as usual. Stiefel bought the other day and today sold .... no surprise here . Lack of IR and presentation is a shame on the biggest deal if the companies history. The fact Philip gave a weak response to ...more  
Comment by MoneyMouth on May 17, 2022 11:06am
Where do you see information regarding paying the market price average??  
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