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Is something going on here? Why are we up 97% all of a sudden?
It looks like someone is trying to buy all of @gi’s shares. Wonder why?
$525 dollars worth of OVIT shares were purchased today.
Good chance that’ll be the best $25 him/her has ever spent
Yes, about $3.50 worth of OVIT shares were purchased. I doubt OVIT will ever be reborn with a new anti-cancer protocol, because cancer has basically already been cured with gene therapy and stem cells. OVIT appears to be finished now.
Wow, someone bought 225 shares of Onco Vista Innovative Therapies.
Or, could it be that Dr.Weis is already rich enough and in poor health and that his daughter isn't business savvy and as a result, OVIT is dead and won't ever be reborne?
Thesis #1 would be correct here.
Dramatic purchase volume today and for a dormant ticker, it could mean it will soon be reborn or reverse shell merged into a company that want to go public for a cheaper price and a low float. However, it could also just be a purchase by a pie in the stock retail investor that bought, because they are overly optimistic.
Any century now, any generation, any decade, any year, any month, any day, any hour, any minute, any second, any plank (plank being the smallest measurement of time)a Reverse Shell Merger will ocrrur with better protocols than their past OVI-123, which was actually an anti-cancer fungus that grew on cow manure.
If it was going bankrupt or being liquidated, it would have been done 2 years ago, so its just a matter of timing. PATIENCE or don't invest.
Nice, I'm tempted to buy more at this low, low level, much like a heroin addict.
it has to be tax loss selling, and thus I'm thinking about nibbling on some shares.
Hmmm...Maybe they haven't announced a reverse shell merger, because it's just not going to happen. This situation, after all these years and all these failures, points to bankruptcy, doa.
Hi, I know RM stands for reverse merger, but what does ABD stand for? Thanks.
I WONDER WHAT NEW NAME WILL BE AFTER RM ABD WHAT TYPE OF BUSINESS THEY ARE IN. tHAT WIL MAKE A HUGE DIFFERENCE ON WHERE STOCK PRICE IS HEADED, BUT MOST ANYTING SHOULD TAKE TO BACK TO 50 CENTS.. I COULD LIVE WITH THAT,
500,000 shares traded in 2 days, VOLUME ALWAYS PRECEDES PRICE MOVEMENTS. STAY TUNED..............
From everything I heard I would’ve thought it would’ve been announced already. The wait continues. Unusual volume today.
Anyone know when the RM is suppose to take place?
Uh, oh, someone dumped 5,000 shares back into the float. Someone must know something! Maybe the reverse-shell merger fell through, if there ever was one in the works!
This could be the week! The week of the reverse shell merger! Long live Dr.Wiess!
No, Sir. I already have many shares.
@gi Is that your 200k bid sitting there?
Correction, it's been 5 years since OVIT went belly up.
Yes, waiting only 3-4 years or more is not long enough. I hope we get to wait even longer, thank you.
@gi is not the most patient investor. Takes time
Hoping we will hear something this week.
Hoping we will hear something this week.
Is some going to buy the OVIT shell already? What's the hold up? Was there selling today, is that why the share price is down? Someone here said, that someone was going to buy OVITs shell and would dilute Dr.Weis out...
Someone jumped in this morning
someone wants to buy a lot of stock, but doesn't want to pay a high price for it, yet. There was an unfilled bid of 184,000 shares yesterday, so its good news. I don't think amyone has wanted to buy a large chunk of ovit for several years.
WONDER WHY SOMEONE WANTS A LARGE NUMBER OF SHARES ????
What causes a wide gap like that?
My ex gf developed a large gapper like that after having 3 kids...
Massive spread. Means nothing.
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OncoVista Innovative Therapies, Inc. (OVIT)
Please see the bottom of the iBox for a contrary view on this stock.
http://www.oncovista.com/
Company Information:
OncoVista Innovative Therapies, Inc.
14785 Omicron Drive
Suite 104
San Antonio,, TX 78245
Phone: 210-677-6000
CIK: 0001094847
The latest 10Q can be found here: http://filings.issuerdirect.com/data/1094847/000114420411063209/v240119_10q.pdf
Link to clinical trials register: http://www.clinicaltrials.gov/ct2/results?term=cordycepin
Neither of the two cordycepin studies registered with clinical.trials.gov has been updated for over two years, which is a breach of registration conditions.
OncoVista Innovative Therapies, Inc., is a bio-pharmaceutical company that claims to be dedicated to providing innovative, safe and efficacious treatments for cancer through the use of biomarkers in order to extend and improve the quality of life for patients.
Based in San Antonio, Texas, OncoVista was incorporated in 2004 and says it utilizes state-of-the-art drug discovery technologies, innovative clinical development and registration strategies as well as emerging technologies to bring to market new, safe and highly effective anti-cancer drugs. Although no such drugs have yet been brought to market, and the "incubator" behind Onco Vista, Technology Innovations, LLC, has a long and inglorious history of transferring monies from its publicly held spin-offs such as Biophan and Natural Nano into private hands.
Management:
http://www.oncovista.com/index.php?option=com_content&task=view&id=67
Claims made by Onco Vista regarding its Core Capabilities for Accelerated Drug Development
Lipitek International
Well-equipped research labs for chemical synthesis and biological evaluations; GMP manufacturing suite
UT Health Science Center (Prof. Luduena)
Biological evaluation and testing of new anti-mitotics, including tubulin isotype-specific assays
University of Alberta (Prof. Tuszynski)
Molecular modeling, computer simulation of new molecules, molecule design and in silico screening
AAI Oncology (Paris)
Global oncology-focused clinical Contract Research Organization (CRO)
Cancer Therapy & Research Center (CTRC)/Institute for Drug Development (IDD)
In vitro and in vivo capabilities; Phase I/II clinical trials
Other Local Resources (nothing to do with Onco Vista per se: probably included here to give an impression of referred respectability).
Southwest Oncology Group
Southwest Foundation for Biomedical Research
Press Releases:
http://www.oncovista.com/index.php?option=com_content&task=view&id=91
http://finance.yahoo.com/q/h?s=OVIT.OB+Headlines
-----------------------
AdnaGen
News from AdnaGen site, which is majority owned by OVIT
http://www.adnagen.com/HTML_Dateien/e_news_news.htm
OVIT used to own 78% of the issued and outstanding shares of AdnaGen*
* On November 2, 2010, OncoVista Innovative Therapies, Inc. (the "Company") entered into a Stock Purchase Agreement with Alere Holdings Bermuda Limited Canon's Court ("Alere Holdings"), whereby the Company sold all of its shares, representing approximately 78.01% of the total issued and outstanding shares, of its majority-owned German operating subsidiary AdnaGen AG ("AdnaGen"). Under the terms of the Stock Purchase Agreement, the Company and the other AdnaGen shareholders agreed to sell their respective shares of AdnaGen, and all AdnaGen related business assets, to Alere Holdings in consideration of: (i) a $10,000,000 up-front; (ii) $10,000,000 in potential milestone payments contingent upon the achievement of various balance sheet objectives within 24 months; and (iii) up to $63,000,000 in potential milestone payments contingent upon the achievement of various clinical, regulatory and sales objectives within 36 months (collectively, the "Consideration"). The Company is entitled to receive its pro rata portion of approximately 78.01% of all Consideration.http://www.sec.gov/Archives/edgar/data/1094847/000114420410057309/v200923_8k.htm
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Filings:
Share Structure:
Authorized Shares
147,397,390 as of September 30, 2011
Outstanding Shares
21,370,725 as of September 30, 2011
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