Oncologix Tech Inc (OCLG)

[SPM555]

Curious to hear how this unfolds, but yeah seems like it would be a win win scenario to settle this smoothly.

[MasterBidder]

Not sure why they aren’t just chopping some shares to darling and moving on?

[SPM555]

I suspect you're right.

[pennyandy]

Most likely Darling Capital is just trying to recoup a fraction of their losses. Its in everyone's best interest to settle this for pennies on the dollar. Frank has a ton of shells ready to go so if Darling Capital pushes to hard Frank will just let this one die and they get nothing. Frank has already worked a deal for this one so he may be willing to throw a few dollars at them to preserve the deal. We'll see. Still a good bet at these levels, imo.

[SPM555]

In a very real way, I think the mania of 20/21 ruined the markets for us for a good 2/3 years. The excess and unbridled enthusiasm created a massive opportunity to dump and distribute into lots of very dumb money, and this is the natural fallout from that. That being said, I think the damage is mostly done and now we're sitting on fertile soil, ie lots of depressed market caps again and many of these shells are in better position than when they started, and just as cheap if not more so in some cases. Not saying $OCLG is going to benefit but I have some reasons to remain optimistic.. but for now it's back to sitting on my hands here.

[chemist72]

Thanks for the case number. That's all I needed.

Will look thru the info in more detail when I have time.

Wish I had the same cautious optimism you have, but unfortunately I don't.

I do have some optimism moving forward into 2024. But it is mostly unjustified hope at this point.

I've been trading OTC tickers for quite awhile also. At least 12+ years. And imho things have changed quite dramatically on OTC with the removal "stop" sign tickers and the emphasis on the "Expert Market" (EM) for non-current companies.

There are still opportunities to make money on OTC tickers, but one has to be much more careful and methodical in their trading practices. jmho

Good luck to us both in 2024. And happy upcoming holidays while I'm at it.

[SPM555]

OCLG court updates can be found here:

https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=LMAHNaHqWHcIhycWCSgpqQ2&tabIndex=3

I'll do my best to keep everyone updated, I still think there's value in this vehicle for someone. I think everyone was way too optimistic and bullish during the hype of 2021 and now that nothing has worked out as well as advertised, the opposite is true. I actually think there is still legit value to be had in some of these shells and the upside potential isn't priced in whatsoever. One of his old tickers will make noise again because a vehicle for a growth/merger play that gains traction, and then the market will turn favorable again for his plays. There's a cyclical nature and right now we're in the deepest and darkest parts of the pessimistic phase. IMO there's a reason there's no selling left, even with yesterday's 'bad news'.

Color me cautiously optimistic overall. Timing is never easy to predict, but I'll tell you that these conditions are waaaaay more fertile for good things to grow from than the market is currently pricing in. 2024 I think gets interesting again for a number of shell/merger plays, and that absolutely includes Frank's old duds. Just my $.02 based on my nearly 18 years of trading the wild wacky world of OTC shells.

[chemist72]

My negativity is mainly based on what I've already experienced with some of Frank's shells.

I will likely be holding all my shares into 2024 unless some sort of miracle happens.

I will really appreciate if you can keep the board updated on any court proceedings.

If you could post a link to this case, I will try to follow it myself. Is it in the Nevada court system or elsewhere?

[SPM555]

Yeah, the initial look isn't great. I want to know more details. If the motion to discharge has been dismissed, is Frank now the custodian once again? Does the court or Darling find a new custodian? Is Kim involved any further?

Though it sounds bad, my question is what is Darling Capital trying to get out of this? Do they have a plan for the shell maybe? They're not going to collect anything from an empty shell with no assets or business, which is the case if Frank can't sign off the shell to Kim. So many questions, but I still contend that this is a clean or relatively clean vehicle with lots of potential still. There are many worse shells/lottos to be holding, imo. I too am holding my position rather than selling for pennies at what I think the floor is.

Just look at the lack of any reaction to yesterday's decision. IMO everything negative has already been priced in here and then some.

[chemist72]

Thanks for the updates. Doesn't sound good.

Frank had similar issues with another of his tickers, JPEX. In that case it was a disgruntled previous officer/shareholder who filed suit against that ticker. Took almost a year for that case to be settled and then another 6 months or so to find a new merger partner. So here I sit with 2 of Frank's merger that are going nowhere.

Nothing else for me to do except either sell for pennies on the dollar or keep holding.

I'm going to keep holding! lol.

[SPM555]

What comes next, Bard?

Here are some things to look for in regards to what comes next in the case of Darling Capital, LLC v. Oncologix Tech, Inc.:

Whether or not Oncologix Tech, Inc. files an appeal of the court's order granting Darling Capital, LLC's motion for relief from orders. If Oncologix Tech, Inc. does appeal, the case will be stayed until the appeal is decided.
Whether or not Darling Capital, LLC files a new lawsuit against Oncologix Tech, Inc. to collect on the debt. If Darling Capital, LLC does file a new lawsuit, the case will proceed through the court system in the usual way.
Whether or not the parties reach a settlement. If the parties reach a settlement, they will file a joint stipulation with the court. The stipulation will outline the terms of the settlement, and the court will issue an order approving the settlement.

If Oncologix Tech, Inc. does not file an appeal and does not reach a settlement with Darling Capital, LLC, the next step will be for Darling Capital, LLC to enforce the court's order. This may involve taking steps such as garnishing Oncologix Tech, Inc.'s assets or seizing its property.

It is also important to note that the court may still order further proceedings in the case, even if it has granted Darling Capital, LLC's motion for relief from orders. For example, the court may order a hearing on the merits of Darling Capital, LLC's case or on the issue of damages.

The specific next steps in the case will depend on the actions of the parties and the orders of the court. It is important to stay informed about the case by checking the court docket and following any media coverage of the case.

[SPM555]

I truly have no clue what this means but I have many questions.

Is Kim still obligated to buy the shell if there's debt now attached to it, when at the time of the deal it had been discharged?
Does Kim still even want the shell if the Judge rules for Darling?
Lots of questions, but it looks like we'll have to keep following this court case before we know anything.

[SPM555]

Result for the motion to dismiss the relief granted back in 2021 was granted. That doesn't mean the previous orders have been vacated, but the judge is going to hear the arguments and consider them on their merits. Here's what Bard said about the ruling today:

The most recent motion in the case was filed by the judgment creditor, Darling Capital, LLC. They are asking the court to grant relief from the previous orders in the case, which they believe do not discharge the debtor's liability to them.

The hearing on this motion was held today, October 30, 2023, and the court granted the motion. This means that the court has agreed to vacate the previous orders and will now consider the judgment creditor's arguments on the merits.

The presiding judicial officer for the hearing was Joe Hardy. The only party present at the hearing was the plaintiff, represented by Brian Corrigan.

The practical implications of this are that the judgment creditor now has a chance to have the court vacate the previous orders and enter a new order in their favor. If they are successful, this could result in the debtor being liable to them for the full amount of the judgment.

[SPM555]

Things to keep an eye on and keep in mind in regards to $OCLG and $NOUV.

It's been radio silent since May of 2022 when the merger with Young Ju Kim and DNAgo was announced. However in Sept Mr Kim registered a corporation named SeniorGo with the state of California, and if you… pic.twitter.com/9Vr1SQxqVV

— Professor Brainiac (@ChartDiligence) October 30, 2023

[SPM555]

I will post it here for sure. The info I have says it's at 9:00 am and I believe that is Pacific time. I will be away from my desk for lunch so if it comes out during that time I will be sure to post when I get back. I'm thinking if the ruling is in favor of OCLG, we should see some buying pressure hit, but that's assuming anyone else out there is still paying attention.

If it's in favor of Darling Capital, I'm not sure if it would lead to any further selling (or much of it) because it feels to me like there's very little left to dump here. The poor sentiment and long radio silence has been baked into the current pps, not sure if a poor result here would do much but I strongly believe a positive judgement opens the doors wide open for us and should warrant some amount of repricing. We'll see.

[chemist72]

Thanks. Don't have any links to the court proceeding.

If you get some news on the court results, could you post it here?

tia

[SPM555]

Don't worry, I don't think hardly anyone is paying attention any longer here. Everyone assumes that this play is dead in the water because since the merger news in May 2022, the company/buyer have gone radio silent.

So this was a shell that Frank cleaned up back in 2021 and got all of the old debt cleared. Frank and AlphaRidge were successful and then sold the shell to a South Korean businessman. The current case seems to be that one of the old creditors, Darling Capital, is now trying to get that decision reversed. They petitioned to have the motion waived and tomorrow we should find out if they are going to be denied or not. I have to assume that since it was thrown out initially and ruled in favor of the custodian, the same thing will happen, but it's possible they have new evidence that will impact things. I'm far from an expert on how the custodianship process goes.

My guess is that with Darling Capital trying to collect on their debt, which the buyer of the shell (Mr. Young) obviously shouldn't be on the hook for because when he bought the shell it was retired. So if for some reason Darling Capital gets a positive ruling in their favor, then it opens up the door for a lot more delay and complication. Does the new buyer of $OCLG work with them and negotiate a deal? Or does he just walk away and this is back to being a shell with some debt on the books? I truly have no clue what to expect if the ruling isn't in favor of $OCLG, but it likely means a lot more time before anything positive can potentially happen. However, remember I have no idea for sure what's going on here so I could be off base about that.

With all that said, if the court rules in favor of $OCLG and tells Darling to go suck an egg, then that likely opens up the path for the buyer of $OCLG (also bought $NOUV) to begin to execute on his business plan moving forward. I'd be very excited if there's a positive ruling tomorrow. Crossing my fingers.

[chemist72]

I'm behind on the DD here. Could you please fill me in (or provide a link) on what the court is deciding on Monday of importance to OCLG?

tia

[SPM555]

Court's judgement coming up on Monday, seems like a pivotal decision potentially. Hopefully Darling Capital's motion is denied again.

[SPM555]

I just figured out what the holdup was for $OCLG and it's merger! There's an old creditor who is trying to file claim that their debt shouldn't have been discharged. It was initially ruled on 9/25 that their claim was denied without prejudice, which means they can try to refile… pic.twitter.com/oZN65sFqBr

— Professor Brainiac (@ChartDiligence) October 21, 2023

[SPM555]

DD update:

I think I found a BIG clue in the $NOUV & $OCLG mystery. Both shells were bought from Frank back in May 2022 by a South Korean named Young Ju Kim. I think one PR was released for the latter and the former didn't even get one, and since then it's been crickets. $NOUV… pic.twitter.com/n7KF7XXwEb

— Professor Brainiac (@ChartDiligence) October 11, 2023

[SPM555]

Rallies likely will keep getting doused with water. Some of the recent volume of late was just more friends/family buying into this lotto ticket. I figured it wasn't going to materialize into anything, which is fine with me. I really don't want to see this move much until there's a confirmed sign of life from the company, then I'll get excited. Until then I am recommending people don't chase and only grab some shares down here if you are willing to accept the high risk for the high reward potential.

[chemist72]

Moving strong today. UP ~71% as I write!

[SPM555]

Low float and based on what I see in the charts and the people I know all holding big blocks, this float is locked up at these prices. That said, the company is radio silent and the market needs to see these guys go current to get any serious interest again. If/When they do get current, I think we'll almost instantly pop at least 100%-200% from here, and then we can start basing at higher prices as the company reveals more details. Huge risk without any sign of life for now, but if these guys give us the green light after all this time and selling, then I seriously see us as having 50x - 100x sort of upside. I'm patiently just sitting on my block, as are some peeps I know. Love me a lotto like this, totally written off by the market, but in reality no one knows anything - good or bad. Huge wildcard and it has the potential to catch virtually everyone off guard.

[Penny2Dime]

Low float!

[chemist72]

High risk, high reward

Typical OTC playbook. That's what keeps this marketplace going.

[SPM555]

That's the key, I think a lot of people are waiting on them to get current. When/If it happens I could see a squeeze to .01+, so there's lots of upside buying at current levels, however you're buying blindly. High risk, high reward.

[chemist72]

That would be great! I'm all for it.

I already have a "fair size" position here. But before I add significantly more, I need to see OCLG get to Pink Current. That's the news I'm waiting for.

[MasterBidder]

So thin probably doesn’t bung up till .003-005 imo

[chemist72]

OCLG seems to be moving off bottom ($.0005).

If the uptrend continues, OCLG could challenge resistance at $.0014. But like SPM555 says, to breakout over $.0014 will likely take some news from OCLG management.

Just have to wait and see what happens, I guess.

[SPM555]

Chart looks interesting but the company has yet to break their silence. Until it does, I wouldn't trust any rallies. I still think this can be a big winner, but the company has to at least get caught up on their filings to show that they're still alive.

[MasterBidder]

Oh hello

[SPM555]

I've seen more mirrored trades here than I can recall seeing on any other ticker. It's very peculiar.

[SPM555]

It's a waiting game. The OTC and market in general got way too hot, and AlphaRidge plays were some of the hottest. Virtually none of the massive merger plays were able to maintain their lofty market caps and they were all due to sell of, and now everyone hates them and has moved on. Smart money like yourself though notices the bigger picture and how the stories are still playing out, and now that these shells/mergers are dirt cheap again and they've had time to get some of their affairs in order, they're now attractive and can take their second leg up of their secular bull markets.

Everyone is so fed up with the OTC, with Frank, with the market, etc. but now we have the most fertile ground to grow from. It was a proverbial wildfire and now all the excess is gone and there's nothing but fertile soil. It won't be a quick trip back to bull town, but I absolutely think there are mega opportunities out there in the OTC, especially with the AlphaRidge tickers. The more hate we've seen, the more promising the scenario becomes.

[NewTrader2017]

I believe most of Alpharidge stocks are going to be huge. OCLG, JPEX VNTH and MNDP etc …

MNDP has the best share structure followed by OCLG & JPEX.

ILST still seems to be controlled by Alpharidges.

[chonrm]

I still hold, 5M at .0003. Don’t feel the need to sell anything, but I do foresee this new company pulling what I said, because if they were going to activate this they would have said something by now. The sites that I’ve seen going around are undoubtedly fakes that some holder made up to try and pump. So no I don’t need to sell, I wrote that $1500 off long ago, it’s free money that I’m playing with here.

[SPM555]

If you called it, then I hope that means you sold. And if you didn't sell, then did you really call anything? And if you did sell, then why still post? My guess is you didn't sell, but from your tone it sounds like you should.

[shots60]

Lol!!!

[oceans11]

While you’re at it would you mind “calling”
a trip zero that will go UP in price?
I figured as long as you’re “calling” the future of trip zeros that it wouldn’t be too much to ask…

O11

[chonrm]

I’m saying I called it… they bought this company, will sit on it for two years until the can RS, then screw shareholders.

[SPM555]

I think it's so oversold that even just a tiny bit of buying pressure gets the water boiling. I think we could see a rally based on the technicals and the oversold chart, but ultimately we're waiting on news and there's still no sign of life from the company yet. That said, I do think we could see a pop just from the severely oversold chart, and hopefully that will allow it to base at a higher level while we wait for the news/update/go ahead sign.

[shots60]

Watch list.

[MasterBidder]

Starting?

[SPM555]

This is a sleeping giant and one day we should hopefully hear from the company as to what progress they've made post merger. The fact that they haven't pumped us once since the merger tells me they're working behind the scenes. The supplemental form they filed (link below) to drop the shell status spells out what they're been working on, but otherwise they're purposely mum here. I think it's the perfect storm to completely catch the market off guard here. Imagine if even just a $10 million market cap was warranted, it would be a rocket ship from current prices.

All that said, until the company makes any sort of announcement, you have to apply max patience here. It's thin enough to jump on very little volume, but those moves won't stick unless the company officially has a pulse. Right now, imo, the play is to either hold tight and be patient, or buy/add into the quiet and be patient. Either way, patience is the key.

https://www.otcmarkets.com/otcapi/company/financial-report/362748/content

[50 MIL STRONG]

OCLG: Share Structure
https://www.otcmarkets.com/stock/OCLG/security
Authorized Shares
1,700,000,000
06/14/2023
Outstanding Shares
1,662,469,227
06/14/2023
Restricted
285,819,118
06/14/2023
Unrestricted
1,376,650,109
06/14/2023
Held at DTC
1,370,044,938
06/14/2023
Float
1,370,044,938
02/21/2023

Authorized Shares
1,700,000,000
05/23/2023
Outstanding Shares
1,662,469,227
05/23/2023
Restricted
285,819,118
05/23/2023
Unrestricted
1,376,650,109
05/23/2023
Held at DTC
1,370,044,938
05/23/2023

Authorized Shares
1,700,000,000
09/20/2022
Outstanding Shares
1,662,469,227
09/20/2022
Restricted
285,819,118
09/20/2022
Unrestricted
1,376,650,109
09/20/2022
Held at DTC
1,370,044,938
09/20/2022

[chonrm]

So far it’s a blue sky year… no storm in sight.

[SPM555]

Just someone taking advantage of the cheap prices and quiet before the storm.

[chonrm]

Wonder what’s going on here….

[shots60]

Lol. GLTU

[GR8 Dad]

How smart traders trade and whether or not many if not most people lost money because this is 95% down from its pumped high are 2 different issues.

This is a criminal pump and dump down from it's 95% high

Contact the SEC.

GLTA JMO