Gonna have to side with mack here. Punit has stated that they would rather not do an R/S to uplist, that we will probably uplist through natural price appreciation. but recently, in a conference about a month ago he said that the option is not entirely off the table. I agree with you that it is a sensitive subject, though it is so for the wrong reasons.
There is this entirely misguided notion that an R/S is inherently a bad sign which is, to put it mildly, one of the most stupid yet one of the most widespread ideas within investors' minds.
Lots of great companies do an R/S for the purpose of uplisting/float reduction and subsequently prosper. This has happened with a slew of great biotechs and IP companies in the recent past.
The idea that an R/S is somehow prima facie a bad sign could not be more flawed.
An R/S is a bad sign when a company is going bankrupt and is then looking to MAINTAIN their position on an exchange.
An R/S is a bad sign when it is used by garbage companies run in some dude's basement which engages in falsehood and dilution machine tactics.
An R/S is NOT a bad sign when it is used by a legitimate, fundamentally solid, proven company for the purposes of leaving the dreaded OTC and uplisting. Rather, it is a good sign, and a sign of prudent management. The increase in momentum which comes from a post R/S reduction in float, combined with the added potential investor base (since most institutions and investors will not even look at a penny stock), which could be as much as +80%, leads to very favorable conditions for a company with immense potential and loads of positive catalysts such as ONCS.
If it was up to me, I would recommend they do an R/S TODAY. But I am not in charge so...
Punit has indeed stated that he would rather not do one (because of the fact that there is such a misguided notion and stigma about R/Ss within investors minds..which is really hilarious to me that instead of working to correct a false notion, companies instead opt to bypass it altogether, thus neglecting a sound business move...but then again, people's delusions are hard to change, especially in the dog and pony show which is the stock market).
I vote they do one ASAP, to expedite things. But we should be 95% sure that we won't see one, since natural appreciation is more likely.
