I just discovered SVFC. I have never invested before, but I didn't know what else to do with my birthday money.
I looked at a lot of material. It seems that they have a lot going for them. The financial report seems to make sense. If I am reading it right, The liabilities will change to equity. The company will have a clean slate with only upside potential.
The down side seems to be that if they bankrupt, the common stocks will eat it, while the preferred gets theirs back. But, I figure we have until March before we even have to consider that possibility. I like the fact that they hired a financial firm that only gets paid if they raise 15 million or if the company sells. At least I know the financial firm believes in the product.
I'm in. I invested half short, and half long.
