Oncologix Tech Inc (OCLG)

[chemist72]

$.0025 - Haven't seen this since 12/16/2022. Nice.

[chemist72]

Don't forget OCLG was in trips past 10 months.

It ventured out of trips a few times but it didn't last more than a few days. Will take some time for those who bought trips to take their profits.

This ticker is just beginning to come back to life.

[Mavlo77]

Possibly. All I know is in my opinion all signs are now pointing to an RM. I wish I had more dry powder. I honestly can’t think of any other reason for all the updates. Guess we’ll wait and see.

[SPM555]

Maybe they're doing a name change.

[MasterBidder]

Weird they built a whole website only to remove it?

[brunners]

💸 $OCLG
🔻 Pink Limited Information
💰 0.002
🏛 AS: 1.7B • R: 285.82M • UR: 1.38B • DTC: 1.37B • Float: 1.37B

❌ Website Removed: http://www.oclgtech.com

✅ Officers Added:
• Chang Guen Yoo (President, CEO)
• Young Ju Kim (CFO, Treasurer)

✅ Standard Directors Added:
• Young Ju Kim (Director)

[SPM555]

I hear ya, but I think that's an incredibly bullish sign. The market is dipping it's toe in the water and seeing if it's too cold, ei if there are sellers waiting to knock this right back down to the trips. There are no sellers and the market (ie Market Makers) will need to walk this up to find where the liquidity is stored at. IMO this is the sort of action we see when the pps doesn't belong at the current levels, and it either belongs much higher or lower in order to attract volume. I don't believe the volume is down from here, there are no real sellers left. The market will have to adjust significantly to the upside to lure out sellers, and that's what we're waiting for. I expect this to go sideways on light volume until the bulls step in and take it to the next level. IMO there are dip buyers waiting for someone to hit the bid and bail, but those will be few and far between. The people I know who have been accumulating, including myself, or not interested in selling at these prices and certainly not lower than here.

[MasterBidder]

Just meant the complete lack of volume

[SPM555]

This is healthy grinding, I think the reaction is incredibly encouraging. Market is digesting this new level and will shoot for more when it's ready. Some dipping would be helpful even. Don't miss the forest for the trees, this is quite healthy.

[MasterBidder]

Well that wasn’t much of a follow thru today wow

[SPM555]

Not that I know of or can think of.

[Golden Cross]

OCLG hitting scanners

[Musicman99]

Any other possible reason they would renew the business license?

[SPM555]

I believe they have til the end of Dec, and then they get a 15 day grace period based on my understanding. They don't need to get pink current, they just need to file an annual report to stay off of the EM. It's a real risk, but based on them updating the SoS, I take that to mean they will file the annual report with OTC markets. Otherwise why renew the business license? But you never know.

[Musicman99]

So they have to get pink current in like 2 weeks right?

Seems like a pretty big risk. They need to get the ball rolling now….doesn’t it take a while to get current?

Seems odd they would be waiting till the last minute to do this.

Not trying to bash, just genuinely curious as a potential investor

[SPM555]

The company went silent since they announced the merger in May 2022 and they are behind on filings. The market priced the stock this low because there is a very real risk of them getting booted to the expert market, which would be bad. It's high risk, high reward.Definitely only play with money you can afford to lose, but that said if this pans out I think anything from .10 to $1 is a possibility.

[Musicman99]

So what’s the big hurdle here? Getting current?

Are there missing financials? I don’t want there to be problems with FINRA

[SPM555]

Yes, Kim bought the shell to reverse merge DNAgo into it, which seems to be Han Bio trying to access the US markets. Them renewing their biz license I believe is a sign that they're going through with the merger. Same with the update in Officers at the SoS. It's all the same people from the DNAgo merger news from May 2022. I believe that is still on the table and finally is being consummated.

[Musicman99]

Is the assumption that, if they avoid the EM, that this will have a RM?

[chemist72]

Stickie this post for newbies.

Everyone needs to see the latest and greatest OCLG news! lol

[chemist72]

Just popped from 0014 to 0018.

Starting the week off like gangbusters!

UP 80% as I write ($.0018).

[SPM555]

On November 30 the company updated it's Officers list and renewed their business license with the Nevada SoS. First signs of life in way too long but now they need to get that annual report out so they stay off the expert market.

Well well well, look who just updated their officer list AND just activated their business license... $OCLG you dirty dog you!

So I was wrong, Kim clearly hasn't walked away from this shell and now their business license has been renewed. Status went from default to active. I… pic.twitter.com/XBVfegF3yV

— Professor Brainiac (@ChartDiligence) December 1, 2023

[Musicman99]

What’s going on here?

[SPM555]

Good to know, ty.

[pennyandy]

If a ticker enters the grace period it will show up as an hourglass symbol below the pink limited symbol. OCLG has not yet reached that point.

[chemist72]

Interesting for sure! OCLG currently up 240% from its 52-week low ($.0005).

[Mavlo77]

Based on my opinion and my opinion only, there’s going to be an RM at some point. This is purely speculation, but I can’t see any reason for recent actions. I guess we’ll see. It’s certainly getting interesting to me. GLTA.

[chemist72]

Seems some "front loading" going on with OCLG?

For whatever reason people are buying this stock and price is going UP in anticipation of some positive news.

*just my own opinions*

(see my Disclaimer below)

[SPM555]

Cool, thanks for the info. Crossing my fingers we see them file in time to avoid the EM. If they can do that I think we're going to be looking at a heck of a 2024 for this beat down ticker.

[chemist72]

Chart linked below may help understand OTCM's latest tier designations and upgrading/downgrading processes.

https://www.otcmarkets.com/files/15c2-11%20Tier%20Chart.pdf

[chemist72]

Securities enter a Grace Period when OTC Markets Group is no longer able to confirm that the issuer’s disclosure is current and publicly available as required under Rule 15c2-11. When a security enters a Grace Period, it can continue to be publicly quoted for 15 days. At the end of the 15-day Grace Period, if the required disclosure is not available, the security will move to the Expert Market for unsolicited quoting only, unless OTC Markets Group determines another exception under Rule 15c2-11 applies, such as the Large Company/ADTV exception.

Above quote can be found under "grace period" in the OTCM glossary.

https://www.otcmarkets.com/glossary

Like I said, I've had personal experience with this process in another OTC ticker.

[SPM555]

This conversation with Schito is where I am getting my info from in regards to the cutoff for when we would get bumped down to EM. Where are you getting the new grace period of 15 days?

@Schito_74 I'm trying to figure out when/if $OCLG is going to go to the Expert Market. I referred to your helpful sticky post but I'm confused because $OCLG isn't SEC reporting. Considering how far behind they are, I would have assumed they would be on the EM by now. No?

— Professor Brainiac (@ChartDiligence) November 26, 2023

[chemist72]

OTCM has a new "grace period" of 15 days.

So OCLG will have an extra 15 days to file an Annual report before it is downgraded to EM.

I've had personal experience with another ticker on this process. They actually submitted their Annual on the last day of the grace period. On the next day they were actually on the EM tier. Fortunately this lasted only ONE day and they were placed back on Pink Limited from EM the very next day. So they were actually on EM for only one day. This company actually posted the following on "X" on the day they filed their Annual report:

Management has spoken to OTC Markets this morning and the Company will be returned to Pink Limited shortly based on recent Disclosure Filing.

[chemist72]

Thanks for your DD and your post on "X".

[SPM555]

I'm trying to piece everything together so bear with me.

🔑 May 2022 Young Ju Kim buys $OCLG
🔑Initial press release states he is merging https://t.co/qKndqB2uP2 with $OCLG. Little to nothing is known about this new website or company. The site is unpolished and not ready for… pic.twitter.com/wHwzLGykzx

— Professor Brainiac (@ChartDiligence) December 4, 2023

[chemist72]

Han Bio would be a winner. But who knows if they will really merge with OCLG?

I don't think that connection has been proven yet.

Maybe someday soon someone will report a merger with OCLG? lol

[SPM555]

I've been following $OCLG since 2020 and this is the first I saw the Han Bio connection, thank you random iHub poster!!

Connecting the dots, I believe Han Bio is using $OCLG/DNAgo to take their company public in the US and access all that juicy capital. The entity that bought… pic.twitter.com/pHc1rKTbSc

— Professor Brainiac (@ChartDiligence) December 2, 2023

[SPM555]

Suddenly a pulse..

Well well well, look who just updated their officer list AND just activated their business license... $OCLG you dirty dog you!

So I was wrong, Kim clearly hasn't walked away from this shell and now their business license has been renewed. Status went from default to active. I… pic.twitter.com/XBVfegF3yV

— Professor Brainiac (@ChartDiligence) December 1, 2023

[SPM555]

Haha, very apt.

Come on Frank, Kim, Darling or any one out there. Tell us what's going on with this damn ticker!

[MasterBidder]

“Frankly” lolz

[SPM555]

I believe I stand corrected. As far as my understanding goes, whomever owns $OCLG has until the end of Dec to get their annual report filed and stay off of the EM. Then they would just be required to get the OTC profile verified again by Feb. Crossing my fingers we see an annual filing in Dec.

[SPM555]

Well someone needs to claim ownership and then get them current on their filings. I believe this will be looking at the Expert Market as early as this week if we don't hear anything, which seems like a miracle frankly if it were to happen.

[TheFinalCD]

Woof

[Rockinboxers]

Strong upside regardless of owner way it sits. Waiting game...

[chemist72]

TY. Enjoy the holidays.

[SPM555]

If I had to speculate, I would venture to guess that Kim is walking away from the shell, though he appears to be keeping $NOUV updated so he seems to still want to merge. He may find another shell for DNAgo.ai. If $OCLG files and gets current then that will change everything. Also if OCLGtech.com comes back online, that would too imply Kim is still planning on moving forward with $OCLG still.

If Kim does walk away, my hope is that Frank settles this issue with Darling as he takes over custodianship again. I believe strongly that this shell is too clean and valuable to walk away from entirely, and that's not even referencing what I believe is a massive short buildup from the 2020/21 era.

It looks bleak and I wouldn't get my hopes up if I was blindly hoping for this to be the next trip popper, however if/when this issue gets cleared up and there's clarity on who owns this and what the path forward looks like, I think there's an OTC shaking squeeze waiting to play out here. I'm holding.

[SPM555]

There's no set date, I'm just checking daily to see when the next update hits. We have some very critical details to clear up here, such as who even owns the shell at this stage, who owes Darling the debt now, and will there be a settlement of some sort worked out. I'll post the second I know anything more, for better or worse.

[chemist72]

When's the next court hearing on this case?

tia

[SPM555]

Good question, it went down 2-3 weeks ago. It may be a sign that Kim is walking away from the shell, though that's purely speculation on my behalf. I have more questions than answers. Does Kim still own the shell? He's kept $NOUV current but not $OCLG, which again lends itself to me assuming he may have walked away from the merger deal. And if Kim doesn't own it anymore, does Frank? Who is Darling even going to get anything from if there's nothing behind the shell? I suspect we're waiting to hear from the courts and we can see who even owns this thing atm.

[MasterBidder]

Where’s the website gone?