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Notes are converting at 0.03 when PPS is at 0.014...
During August, 2018, the principal amount of $120,000 was converted into 4,000,000 shares of Common Stock by the holders.
GLTA $ONCX
Their shares are still locked up. So, there is no point to hurry... load up below 0.01...
It's not bashing... it's the ugly truth... Michael Redman failed to raise money which he could have raised had he brought liquidity to the shares when ONCX still has sufficient cash.. instead he attended 2 failed conferences where a 4 cents stock is laughable in the big league.. now, ONCX is at a more disadvantageous position to re-negotiate the terms of the notes.. which means more shares to the noteholders... even if he's sitting on ph1/asian partner updates, it may have been a little bit too late.. I'm also long here, but that doesn't mean I need to hail and praise MR specially when he fck$ up... GLTA!
under $15k traded and that’s a volume... lol!
Even if news drops, pps will just continue to decline or stay in range until shares of redman & friends are free to trade. Continue to accumulate on the way down.
So, our harvest period may come around Aug - Nov when lock up period expires and notes mature... gltu!
so, he’s been milking the company since 2007? that erectile dysfunction qb stock is eating oncx for breakfast... soon, that pps will be way above this...
Any of the deep pockets note holders or equity holders can help him... they need to see an ROI for their investments...
He must have reached his level of incompetency... time for him to step down... no meaningful results from the last 2 conferences (zero cash raised), no updates on phase 1 after burning all those notes proceeds, no asian partner, highly likely to be in default with the notes, incompetent PR firm (the ruth group), no liquidity & declining pps.... imho...
MR & friends trying to figure out how to make money in otc as their experience is on the big boards... until their advisors figure it out, pps stays at this range...
MR & friends seem to have 4 months to make the note holders happy... then by August, locked up period expires, time for the original shareholders to be happy... he can still find cash for sure before then to keep the company afloat, lots of $$$ invested by MR & friends for them not to make money... accumulate under 0.03....
critical outcome 2016 play...
Seems all holders to me... either case it is just prolonging the inevitable... which is conversion...
Effective April 27, 2018, holders of the Convertible Notes (acting through an amendment and waiver executed by holders of a majority principal amount of the Notes) waived an event of default under the Convertible Notes resulting from the failure of the Company to pay the May 1, 2018 interest payment and the May 1, 2018 principal payment and extended the respective due dates until May 30, 2018.
pps will go north only when the shares of redman & co / noteholders are free to trade... i had exactly similar play (same structure, same orphan/fda, md anderson) which run from .16 to .60... and yet they used a lesser known pr firm in houston... imagine what this can achieve considering they are nasdaq-wannabe...
in the meantime, be thankful we can accumulate shares at even lower pps..
GLTA!
we may see an uptrend leading to the time the original oncolix shares becomes unrestricted for trading and/or the noteholders get their shares to trade...
they need to make money... that is why they asked redman to r/m....
i think sometime around august?
with the pps currently at 4 cents, the notes will probably become more toxic considering the original terms were negotiated when the pps is above 10 cents.
do the math. in this case, considering the past trend, pps will fall below 4 cents after re-negotiation.... there is no such thing as free money when it comes to these financiers....
glta!
and for the record, we will not be able to drive vol and pps higher... only note holders / company can via promo...
nonsense? the pps and $ vol seem to agree....
company has no more cash to do any promo... note holders maybe able to do it... in the mean time, it is waiting game as always until redman & co come to their senses to stop acting like a nasdaq co... they are in the otc... different playing fields... GLTA!
we might have been better off if the note holders had converted. at least we may see some liquidity. imho...
just kicking the can down the road... the problem is still there..
in the past since the merger, every news/8k is followed by declining PPS... which equates to buying time...
will this be any different?
GLTA!
OTCX MM playing games again transferring shares to each other. Who will fall prey? Let’s see if they can take it down again under 0.03. Last time they played on that range, it got busted....
Seems the $ volume traded says otherwise....
Tks! it means every single month we'll get S-1/A....
It may break that 52-week low then...
GLTA!
Just asking, I would have thought you know considering your posts on this board.
Now I know.... who to ask...
Tks anyway!
Do you know when exactly in May are the notes due?
Hope to add more within the 0.01 and 0.02 range.
GLTA!
Why don’t you tell Redman your suggestions... Yours seem to make sense than what is happening now.... We might avoid going back to sub-0.001...
Danger Michael T. Redman! Share price approaching 52 week low.....
Yes... it was a bad mistake on my part for reinvesting the gains i made from the last run... as a shareholder, we need to kick management’s butt sometimes.... gltu!
It is a start of an exciting times.... will trade under 0.02 then sub 0.01 then back to trash... where redman & co belongs... laughing stock at the conferences... waste of money, mediocare website and a powerpoint presentation that is a joke.... a drug that couldn’t pass phase 1... the inventor has left the building... yeah... exciting times....
sub 0.01 soon... inevitable... good job redman...
Pls include in your email.... hey Redman! Wake up, we need to make money...
that is how he runs a nasdaq-wannabe.... he’s still hallucinating... was easily fooled by noteholders to be listed in otc yet he cannot bring a decent $ vol and the pps has been downhill... sub .01 soon?
It seems to me he is surrounded by wrong people/advisors.... he is trying to raise money with the big boys (nasdaq ways) and yet he is in the wrong platform (otc)... how can u raise money with the big boys with a 3 cents ticker.... 2 wasted conferences - still no $ raised.... someone teach him how to raise money in pennyland... he could have used part of the notes in bringing $ vol to pps and raise $... wake up Redman, ONCX is in otc for a reason... it is not in nasdaq.... your heads still in the clouds?
He likes to socialize with shareholders and noteholders money... no results on Phase 1 trial... at least his name is synonymous to pps movement... mostly RED.... GLTA!
good points. actually makes sense if we consider the pps movements since the r/m. haven’t heard from redman & co about the last conference nor the previous conference... could still be a long wait...
Nice. I will add some more under 2 cents. GLTU!
So far, Redman’s past performance was new notes at lower pps, more news that made pps even lower, uplisting that made pps even lower. I guess he was a laughing stock at the conference with a 3 cents pps. He cannot even bring a consistent decent vol on pps. As their shares are still restricted, my guess is that more notes at lower pps and higher pps when their shares are unlocked and/or noteholders want out at higher pps. GLTA!
Makes sense.....
Well, liquidity and share price appreciation are not the priority of management right now.
There is currently no support or effort from management to bring liquidity or cause share price increase. So, how can we expect the market to participate?
That’s the way I see it for now.