Sona Nanotech is all lateral flow immunoassays. It is there main business and therefore know it like the back of the hands, heads, feet, ears, eyes etc. So for ADO to be asked and accepted as partner in development/research is excellent validation.
SonaNanotech only listed on the Canadian Stock Exchange a few months ago ! They are moving fast.
They are signing agreements all over the place.
Operon - Spain test developer
Expedeon - distribution of the gold nanorods
Bond Digital Health - UK marketing
Soma Bioscience - more lateral flow tests
Hope they are the real deal. It looks like a reverse takeover with a resources company. Hope they are above board. These sort of transactions can be the vehicle for some unscrupulous behaviour. Check out XPE on the ASX. But I'm not a shareholder of CSE:SONA so not to worry.
Its good to see validation from afar and opportunities out there. But these guys are small like us and struggling to get a foothold like us. Stronger together sure, but not the motherlode.
I don't want to see too much money thrown into this to be honest, until we have more money.
Make the MTAs and Ellume work first.
R.
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