Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Sand...this is good, finally we see a little stability in understood value. Today I confirmed with Dr. Walker, ONCO has entered into the Field of Veterinary Medical Physics...so this is an expansion of their business. I am asking him more detailed questions about applications, but for now, they have two companies referring them in for treatment planning. This could be another excellent avenue for revenue generation. I wish they would partner with an Investment Firm that could seed them with the capital needed to advertise and grow the business better. This has been the ONCO obstacle for increased revenue at a faster pace.
To all of my old long buddies, we are still in the game. Our stock remains alive and in some type of merger or acquisition mode....do many of you remember two years ago or so when I told you to hold your stock as some type of merger would take place...well that was when Lightyear Solutions merged with Wherify....no one believed me, the stock ran to .10 a share...then fizzled due to lack of financing. Expect to see the same pattern except higher price once a similar merger takes place....I certainly don't know who or when, but old investors tell me that this is underway....this is not a pump and dump scenario...my advice to current stockholders is don't sell one share or give any of your stock away....we will see some payback finally one day here. Hang in there....don't sell your stock to anyone.
Lindoman......what happened to you. You jumped ship. Never heard from you....still singing on the weekends..? I just put a inquiry out today to check on our stock and merger....waiting for reply and will advise upon receipt. Again, I have no Inside Connection, just speculation (strong) by the heavy investors like myself.
Compass....if the good Doctor checks out early....I am hoping a smart investment group would pick up the ball and run with it. I am sure he has a successor named within the company, but he is the guts and glory....he once told me that he would never have invested his time and money this deeply had he not believed in the potential for success. And this is why I bought in years ago.
Correct, this is the way it has been for years. We get a solid News Blip....and then a drought. Dr. Walker has told me many times that he won't invest in frivolous press releases, nor will he try and drive a Paper Company.....similar to what most other Penny Stocks do....and this is why I think we will all benefit substantially with a stock that will ultimately value somewhere between .50 - .80 one day in the future. How many Penny Stocks are consistently in the black...and valued at .04 or .10 a share...due to press that talks about future events...? Take a look at EYII...perfect example of a stock that rocketed to .20 a share and then crashed and burnt....and nothing more than a lot of talk about products that never made it...but a lot of press that got investors excited only to be dooped in the long run. People will read about us ONCO Investors as Penny Investors who became millionaires. So, here we sit and wait for revenue growth and more partnerships. Just hope the Doc lives long enough for all of us. He is 74 now.
Compass....below is the mention of expansion into the Veterinary marketplace in Dr. Walker's last update on July 11th posted on the ONCO website, Investor Relations tab....
During the 1st quarter, we did not renew three contracts in our medical physics staffing division. Subsequently, this had an appreciable impact to our revenue for that period. In turn we reduced staff by two medical physicists and one administrative position to adjust for the reduced demand in that division. We have been successful in signing two additional contracts for startup physics support at two new veterinary radiation oncology practices; one in the Pittsburgh area and the other in North Carolina. Both of these contracts included continuing physics support which will contribute additional long term revenue flow to the company. Revenue from these contracts was not generated in the first quarter; however2011, revenue from them was generated and did show up in the second quarter.
Yup, that's a lot of stock for $320 bucks...
Now the real deal to accelerate PPS is revenue growth. ONCO expansion into veterinary markets is something new, as far as I can see. So hopefully this will compliment brachtherapy beyond current applications with the current market...and the years keep marching on.....this business has been slow growth for quite some time now. Hope the good Doc can stay healthy and keep this business on the uptick. New markets plus further expansion in the Boston area should help. Now we watch the financials for trend.
I know some of the heavy investors who are waiting to see a resurface on this stock. I do not know any of the principals in any way. But the heavies seem to know that the company will resurface and merge.
Compass.....after the May 4th long awaited Press Release, the stock jumped to .02 +....then, for lack of continued press, it slowly floated back down to current levels. You are correct, we should be at .02 or more right now.
Sandcrab....and so many more of us longs. If the good Doc is now 74...and this takes 10 more years to grow....will he make it to 84 to collect on his dream..???
Yup, just had the same reaction....PPS tanked to .0040...can't quite figure these guys out, unless they dropped some serious money in at a old old buy of .0013.....that's about the lowest price I ever saw ONCO at....maybe .0011 at one time.
DtheDude.....did you read Doc's post on the ONCO website...as well as the 1st two quarter financials....that's fairly current news..
Doinit....I wish I knew what the delay was all about. Only thing I can think of is that WFYW carried substantial debt prior to the slowdown, and that debt is still there. So, whoever merges with them has to accept that debt as part of the merger. This is my opinion.
Lindo.....we can chat offline sometime. My email is belachos@hotmail.com
Shoot me a message when you have time. We can share personal life stuff apart from this board. Thx.
For sure the older guy is better off home and safe in the USA vs. Guadelara.....lot's of folks turning up dead these days....it's no wonder you are counting the days before he is home. Glad for you and your wife, worry factor diminished.
The more we spread the word about ONCO, the better our chances of increasing the investor population. If anyone knows any other websites beyond Hotstockmarket.com....please post.
Lindo...another great post...!! Sorry to hear of your injury, hope you are well on your healing way by now. Your doctor friend is dead right.....we are all on the Outbound Train, all the drugs in the world can only delay the inevitable. As for Wherify, we remain in the "wait" game. But it will be worth the wait one day when they merge. As for Gold...too late now. Flat at best, I too should have jumped in earlier, but did not. Can't afford that level...still pumping myself full of oxygen from the WFYW hit.
To All ONCO Investors. Be sure to sign in to Hotstockmarket.com.....post your thoughts. See my recent supportive post about ONCO. Show support and bring more interest to our investment. This site get's a lot of attention, and we can certainly enhance investment if we bring some excitement to the table. Check it out, ONCO thread.
This is a major step forward for Dr. Walker to communicate this much information, and, post two Qtrly Financial Reports....and the 2nd report showing some exceptional positive trend. We should see our PPS move up in price as the revenue, net income and profit continue upward. We have a winner, will just take a little time to grow revenue base...but all the wheels in motion at this stage.
Bader.....how did you read Dr. Bill's reply to you on Financials...? Financials posted doubled up in error...?
Nabbss.....did Doctor Bill say that the 2nd Qtr Financials are posted twice together...? As an error..?
Here's the verbal post by Dr. Walker.....
A Letter From The CEO
July 11, 2011
Dear Shareholders,
Oncology Med, Inc. (OMI) continues to grow and be a strong healthcare company with clients, contracts, or operations now in 12 states from Florida toMassachusetts. Our main clinical offices are in Pittsburgh,PA with our corporate executive offices located in the District of Columbia suburbs of Virginia and additional key executive staff located in other metropolitan areas of the eastern U.S. We continue to maintain a strong presence within the healthcare community and specifically in the area of support for cancer care treatment and services.
With the impending changes in healthcare legislation and implementation as well as the establishment of Accountability Care Organizations (ACOs) for the control of payment to healthcare organizations for best outcome lowest cost, we want to assure our shareholders that we are anticipating nothing but a positive impact to our company from these significant changes in the healthcare market. We have always provided low cost, best outcome, cafeteria options for the support and treatment services we offer our clients and their patients. This will continue to be our goal because it allows our clients to be more flexible and competitive in their markets; moving faster to meet the demands of physicians, patients, and the ultimate payors and future ACOs. We anticipate that as we continue to see consolidation in healthcare to regional and/or large vertically integrated systems which are either trying to become or stay a major player in their respective markets that these systems will expand their willingness to outsource contract services to allow for rapid change, expansion, or market share which will be demanded and necessary in the new healthcare environment. We are already seeing this in the cancer treatment arena.
I have attached Profit and Loss statements for the 1st and 2nd quarters of our fiscal year that runs from November 1 through October 31 (see below.) These are the most recent available but are un-audited and have not been posted through the Pink Sheet reporting mechanism.
During the 1st quarter, we did not renew three contracts in our medical physics staffing division. Subsequently, this had an appreciable impact to our revenue for that period. In turn we reduced staff by two medical physicists and one administrative position to adjust for the reduced demand in that division. We have been successful in signing two additional contracts for startup physics support at two new veterinary radiation oncology practices; one in the Pittsburgh area and the other in North Carolina. Both of these contracts included continuing physics support which will contribute additional long term revenue flow to the company. Revenue from these contracts was not generated in the first quarter; however2011, revenue from them was generated and did show up in the second quarter. There is also a typical seasonal pattern associated with our prostate cancer brachytherapy demand with the winter months being typically slower than other times which contributed to a lowering of our revenue numbers in our 1st and 2nd quarters. Anticipated acquisition of necessary capital equipment for our new contracts is expected in our 4th quarter which will increase expenses due to the cost incurred through the capital leases associated with this equipment. Generally, this is offset by revenues generated from the new contracts in many businesses. However, with prostate brachytherapy, as with most medical procedures, the equipment needs are always in advance of generated revenue from utilization and revenue generating cases being performed by at least one budgetary quarter.
Our prostate cancer brachytherapy business has continued to grow, but at a rate less than forecasted for our current budget year. We are diligently working to finalize negotiations with new contract sites in easternMassachusettsandDistrict of Columbia metropolitan areas which should result in appreciable growth in the coming months. We will be announcing these once the contracts are executed with those medical facilities; however, theDistrict of Columbia facilities are already preparing to schedule cases in the next couple of months indicating that contract execution is near. Prostate cancer brachytherapy treatment is typically scheduled 1-3 months in advance on our schedule after the initial diagnosis of the patient has been made. We continue to work with Dr. Irving Kaplan and his associates from the Harvard Medical Group’s Radiation Oncology practice to recruit new ambulatory surgery centers (ASC) in theBostonarea. Our joint affiliation with this group of radiation oncologists has been very successful and we continue to see growth in this geographical area above expectations and forecast. In addition, we continue to work with other key radiation oncologists in this area and are actively recruiting other physicians for usage of our services in our contracted medical facilities.
One of our other key initiatives is to team with companies that market linear accelerators to a new significant growth market of veterinary radiation oncology practices. Our execution of the two additional medical physics support contracts with new veterinary radiation oncology practices, listed above, contributed nicely to our revenue income during the second quarter. Besides acceptance and commissioning of the equipment for the site, these contracts include continuing medical physics support for continued revenue generation for the remainder of this budget year and into next year. We are aggressively pursuing this potentially lucrative market as a good long term revenue stream for our medical physics division over the next several years.
The primary impediment to OMI’s growth this past year and possibly for the remainder of this budget year is the availability of funds to support aggressive new business development initiatives, expansion into new geographical markets, and the expansion and growth of existing services. The current economic environment has had a dramatic impact on small, medium, and large businesses ability to secure necessary and desired capital for growth and expansion of their companies. Our executive team and Board are looking into our options for infusion of capital for our company’s growth objectives and will report going forward on our success in this area. Otherwise, we may only see growth for the remainder of this budget year in our current markets located in theOhio/easternPennsylvania, northeast (New York,Connecticut, and Massachusetts), and western Pennsylvania/DC markets for our prostate brachytherapy. We are experiencing and expect to continue some moderate growth in our medical physics division in the eastern half of theU.S.for the remainder of this year.
I hope that the information provided is helpful for our shareholders to fully understand OMI’s current status, anticipated near term successes, and our short and long term needs and goals as we continue to build a successful company. I will try to continue to keep the investors and shareholders informed when there is important news to be announced associated with our successes or any other notable change in the company’s operations, goals, expansion initiatives, and new market/services growth so that you will be kept as informed as reasonably possible. Our establishment of a Face Book account is one of the ways we intend to move information to you as quickly as possible. Our past news releases were surgical and strategically targeted which did not necessarily help our shareholders and investors with current news and communications from the company. We encourage you to have patience with us as the executive team and Board works to position the company for long term success. In doing so, much of our short and long term business strategies, as well as, target markets, new markets, and current client negotiations must remain confidential to a large degree to keep us competitive with other companies in our lines of business of which many are not publicly traded nor have to share specific information with investors, shareholders, or the public at large. Please read the disclaimer below and understand that this information is not meant to promote sales of company stock, but only to inform shareholders of our current status.
Not to worry GoFy....I was plenty riled when the whole ship sailed in a different strategic direction than intended several years ago. When I recently asked the general question as to whether this stock was "dead" or "alive"....I was told that the principals are still working on a merger situation. There are many small privately held companies out there who don't qualify to trade publicly, so it is an easy "ride" to hook up with a company who is already trading publicly. This is our hope for a new Wherify. And since I was told that the principals had not given up the ship yet, I was satisfied to at least know my investment was not totally dead. The people I have spoken with are fairly knowledgeable....so no one is stroking me. And that is where we are....I don't know how long it will take to find the right company to merge with....and I don't care....as long as no one decides to pronounce Chapter 11 and shut down our investment. And that hasn't happened yet...!!
Well GoFy.....when it is no longer in your account, it is lost until it comes back home. I own a million shares of stock right now.....so I hope we all see recovery. But I use the term "lost" because the greenstuff has evaporated.....!!
Lindo baby...if you have to worry about dropping a couple hundred bucks on a risk....don't do it. I dropped $350k....and lost. So a couple hundred bucks is a speck in the universe. But if that spec has meaning to you, don't do it. From a risk standpoint, if you can pick up some volume for such little money, probably worth the risk....like I said earlier, $100 is one hand of blackjack for me in Atlantic City.
Lindo.....I can always count on you for a good mix of comedy, satire, religion and now.....Norman Rockwell visions to boot...ha ha ha...!!
My personal hope in a WFYW revival comes from knowing that the principals have not given up and walked away. It becomes a matter of partner choice. I understand that they are looking at prospective partners who are successful private firms who are looking to go public. And the products and services are synergistic.
I firmly believe that this stock would be off the market by now if there wasn't a focus on bringing it back to life in a new merger. So Lindo, how long is long..? Doesn't really matter now, just hold your stock. Don't toss it due to impatience. The light is still on in the lighthouse.
The Day boys do get it to move.....down, down, down....
Compass.....I have spoken to and emailed Dr. Walker many many times over the past three years. He will only announce serious business expansions via the Press. He doesn't believe in paper companies. He is focused on expansion of ONCO, but perhaps does not know how to move the company forward with the capital at hand. He runs ONCO consistently in the black, but revenue growth is a long journey. He has an incredible Bio....and all would tell the average investor that ONCO will be an incredible winner one day. For us longs, it has been at least 3 years or more of wait-time. And here we remain at the Train Station.....we will all strike gold one day if we can keep the daytraders from dumping stock at low selling levels. With Pinks, that is not an easy task.
Another Incredible Literary Masterpiece by the famous Lindo from London..!! Only an Englishman could write with such flair...congrats to London-lindo....new author just arrived in the motherland....perhaps the New Yorker or the Book Review Section of the N.Y. Times may pick you up for future article compilation. You certainly have a much more diversified life than mine Lindo-london. Keep it flowing.....how old is the Lindoman might I ask...?
West Coast living is top shelf. I owned a Townhouse in downtown Long Beach overlooking the center of town, sure do miss those days of greenstuff, long gone along with my 3 man partnership that is also dissolved. I miss California all the way around...have you spent any time on the Queen Mary in Long Beach yet..? Bigger than the Titanic. Filled with history. Winston Churchhill's room still marked with gold plate. They say you can smell his cigar smoke at times when passing by. Great ghost stories as well. Sir Winston's restaurant at the top also a great dining experience.
All good legit ideas Compass...!! Especially not trashing the doctor any longer by anyone.
Hey doinit....not much else to report on beyond my Post # 673....that's current events.
Lindo is most likely the "coolest Dad west of the Mississippi"....just read his cool descriptives of life on all of his cool posts...!!
Compass...sent you an email.
Let's see.....that was a $3.80 transaction..? The word "pathetic" is inadequate for idiots like this allowed to buy and or sell at these levels. The PINKS PINKS PINKS stink.
Gofy......secretaries are yesterday's news. I haven't had one in 10 years. They slow you down, answer your phone, interrupt you, try and focus you on priorities you don't need to be focused on......they are gone with the wind. Today's Exec takes care of everything himself. Travel, Meetings, Emails....Calendar maintenance....everything. I am 60 years old, won't retire until age 70. Most people guess me in at 42 years old. Try to stay in shape and keep up with my service contracts....don't live in Florida, live in NYC. That's it for now Gofy. As for Lindo, drop a $100 and pick up a 100,000 shares. I have lost that on one hand of blackjack...!!
Your math looks good.
Some day I want to meet Lindo....OK...here's current events....got an update last night. The principals are pursuing a merger of some sort. It will be synergistic to the general GPS technology. WFYW has a lot of debt to absorb, this is apparent...they have a 50% chance of a successful merger with a company that has similar services and needs to go public. So a Wherify who is already public and has a product and services line from the past that is synergistic to this company that needs to go public can be an attractive arrangement. Both sides win. The most important headline here is that the principals have not given up pursuing a rebirth of our stock. The fact that they are working on it gives me great hope. If the feedback to me was ....dead and no chances of revival...that would be a different story. But not the case....they are pursuing a merger. And that is why our stock has not gone belly-up all this time. No I have not purchased more stock, I have enough to give me immediate retirement if the stock jumped to .50....
Lindo Cool Dude Colorful Writer and Speaker......I expect to hear something in the next 24 to 48 hours. And again, I just interpret what I hear from these big monkeys. Here's my entire take....and not a whole lot different than the past. When WFYW went soft, they owed a lot of debt holders a lot of money. Some of these guys invested millions, and some bought stock at the same time as Investors. In either case, they were losing it all. I think about my $350k investment and begin to have heart failure. These guys have millions, literally millions invested, so I have always maintained that they would never ever ever just walk away with a long drawn out YAWN....not a chance. So I will let you know what I hear. I haven't sold one share in 5 years. And don't intend to do so unless it hits about .50 a share soon. JMO as always....and yes Lindo, I am just another person, a legit person with an opinion. Bilsbro always had me wrong as some secret brokerage house con-artist who was looking to pump and dump. I haven't sold one share in 5 years....and won't until we see some recovery.
Gofy....I expect to hear more this week. Will let you know what the market buzz in the industry is saying. That is all I can ever relay, just what others are saying and I do believe this input, since it comes from huge $$ investors and people in the industry. Stay tuned.