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It hasn't in the past. If it does jump up I think it will be more of a bounce from being oversold than from the news, but this is great news for longs. It continues to show the growth of Oncosec!
I bet we run on that news!
You would think they would accumulate until earnings then flip. Not a lot of method to it.
The pps movement on this stock is insanity. I have never seen anything like it.
A little bit of green looks good.
Those low volume days in the 70s are looking great right about now.
They probably won't let him in. They know he would tweet photos of it and get fined by the SEC. So he's just listening through the door.
It my be, but we were really oversold at .57. The rise was probably shorts taking profits. I hope I'm wrong but this looks to be our range until we hear something to bring in volume. Any idea how long biotechs usually take in between trials? The FDA should have the results.
Are we filling a gap or just run out of steam.
Any who bought Monday is really happy right now.
Never said NO WAY this would fall. That is what I believe the dilution alone would bring the pps to hold the market cap equal. I still stand by that. The rest of this drop is beyond the fund raising.
Hopefully once they do that they will stomp on the gas to make the accumulators some cash.
If I remember correctly the last run had a nice ~15% jump then at the EOD it popped ~30%. I'm curious to see what happens later today.
I won't let my employees tweet during work hours. Why would I want a CEO in control of my money too.
I guess the MM's covered what the needed too.
With this dramatic of a push down I would think anyone short would want to cover soon.
I agree with you. During a time of a PPS drop like this he should at least give the impression that rectifiying it is his #1 priority.
I wish he would quit with that during business hours. Most people would get fired for playing on thier cell phones all day.
Either manipulation or someone looking for a good deal.
On no negative news. Looks systematic. The % drop has been about the same each day too.
I thought it might be over so I grabbed some .60 at the EOD Friday. Should have waited another day.
10k is nothing to sneeze at, but you shouldn't invest money you aren't willing to lose. Especially in an OTC penny stock.
IMO the market is pricing in the other ~50 million shares that could be used for dilution if a partner can not be found for the phase 2b trial. I don't think lager investors want to get caught with that. If those shares are used for anything else than these prices are a gift.
Any news expected here?
I am of no help, but I will send prayers. Good Luck!
This is getting nasty. Hope .63 can hold
It does not seem we have any momentum news expected until the start of phase 2b trials, potentially with a partner. The only bad news that I can think of is the other ~50 million shares being exercised, but cash really is not necessary right now. I guess no news could be seen as bad news, but I do not think our quite period will last more than a month. This almost seems like one of the safest buying opportunities for any equity that I have come across, and is clearly very undervalued. May was anticlimactic, but in my past experiences stocks don't run until everyone has lost faith and sold. They tend to screw over the most people possible. I guess time will tell. My .02 on a boring day.
When is the FDA meeting taking place? Was it mid June?
14% swing is no joke. He must carry some weight to have that kind of influence. Starting a new phase 1 trail with bad results on the current phase 2 with the same drug doesn't make sense to me.
What was said?
Thanks for taking the time to share. It is very appreciated.
Nice profit in less than an hour. I wish I wasn't already fully loaded in ONCS.
I do not think that's the case. Management would not have bought into the stock at a higher price if that was the strategy. Also the higher the pps the more money ONCS can receive for the other ~50million shares they can issue in the s-3. I also do not think a partnership right now would be based on current share price as much as future potential and need. I think they saw an opportunity to raise cash at a fair price and took it.
It does seem kind of bold. Especially with results due. Maybe its a positive sign there are no hang ups with new data.
I need to switch careers. That's crazy money for a transaction that probably only took a few weeks.
It's super early and will change before open, but the bid/ask looks like we may move up this morning.