I’ve been involved for a long time and participated in several share issues. About 40% are still in the red.
It’s hard to say the exact reason for the share price increase, but the company’s market value hasn’t even covered their equipment, and the company has been valued as almost bankrupt, so there’s certainly room for growth.
Perhaps the rise is due to the big partners, whose collaboration was mentioned in the recently published report, and at least I gained faith from these that SVA will start generating revenue and business with something other than share issues after MANY years of promises. At least large quantities of Quartzane (Qurtzane) should be ordered by these partners if the agreements are finalized.
I’ve never doubted their product, but bringing it to market has certainly been quite a struggle.