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I added on the dip. Lets go OCLG
OCLG Continues Pursuit of Shareholder Value
9:26 AM ET 1/26/15 | Marketwired
Oncologix Tech Inc. (OTC PINK: OCLG), a fully reporting, diversified medical holding company with operating units in medical devices, technologies and products, and healthcare services, announces continued note reduction strategy by retiring yet another convertible note.
Wayne Erwin, OCLG's Chief Executive Officer, remarked, "We continue to increase shareholder value by reducing the gross amount of convertible notes outstanding and, more importantly, prior to their conversion. Our corporate strategy is to retire all notes prior to their conversion dates. This most recent payoff eliminated the issuance of over 16 million shares of our common stock. We have requested of the note holder to amend its Schedule 13G filing, to properly reflect zero (0) beneficial shares owned as of January 23, 2015. At no time did the note holder possess beneficial ownership of the stated shares."
Mr. Erwin further commented, "Over the past several months we have retired similar convertible notes, representing the potential issuance of over 50 million shares, utilizing our internal cash flows. At present, we have notes remaining with a combined principal balance under $65,000, which we are confident will also be retired. This strategy benefits the company in multiple ways including reducing shareholder dilution and overall corporate debt. This proactive management strategy furthers our corporate mission to firstly deliver shareholder value."
About Oncologix Tech Oncologix is a diversified medical holding company that operates and manufactures Class II medical device products, delivers Personal Health Care Services, and sells and distributes Durable and Home Medical Equipment. For its clients, Oncologix provides FDA approved medical devices, state licensed healthcare services, and medical products and technologies. For its shareholders, Oncologix operates profitable divisions that build, maintain and nourish shareholder value. The Company's corporate mission is to be the best small cap medical holding company in North America.
This press release may contain forward-looking statements, made in reliance upon Section 21D of the Exchange Act of 1934, which involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. The Company's expectations, among other things, are dependent upon economic conditions, continued demand for its products, the availability of raw materials, retention of its key management and operating personnel, its ability to operate its subsidiary companies effectively, need for and availability of more capital as well as other uncontrollable or unknown factors which are more fully disclosed in the Company's filings with the Securities and Exchange Commission.
CONTACT INFORMATION
Wayne Erwin
Chairman and CEO
Email Contact
(318) 451-9543
INVESTOR RELATIONS
Green Arrow Consulting LLC
(850) 733-9181
SOURCE: Oncologix Tech, Inc
Wtf is this bs? Huge volume and the price drifts down anyway. Big red flag. moving on
So whos the lucky investor who had a second chance to scoop up 5's? :D
That kind of movement on low volume is a great example of what can happen when volume hits this (except in the other direction). This thing has some serious stride.
Who the F would sell? Can ppl not read FINS?!
Company would be smart to release a PR tomorrow... PR in the AM and we smoke a penny... or 2... easily
News = Volume = $$$$
OCLG$$$
Nice analysis, Rich
Good, replace the weak hands with stronger ones lol
ITS COMING DOWN THE PIPE
When news hits this thing will fly
From the looks of the hourly chart, I'd say you're right. We look ready to move up from here
Dip and rip, we know the drill
Good Morning OCLG. Looks like we've picked up some more followers of the board overnight
Theres a website now?
LOL I remember those days as a new investor. 10%?!?!? NOOOO
This pullback is normal. Good time to buy
Duly noted lol
So I take it VERT is a welcome MM? lol. Sorry, don't have L2, only charting. I'm trying to learn the ins and outs of L2 before I invest in the software
Don't blame you! I would be adding but I put the rest of my funds in the .005 range
Seems it would help if the company released a PR about getting into MMJ industry or something lol. Newbs in massive quanitites flock to the pot stocks. "Did someone say pot stock?" "Im all in!"
lol
OCLG
.0066 is a steal. Who's gonna scoop the cheap shares?
Chart just needed a little time to cool off. We will be back in no time :)
OCLG$$$
Same behavior as yesterday. .009 - .01 might be coming today
Why does yesterday's candle have you worried? It opened 2 ticks higher than what it closed at on Friday. That was the reason for the red candle. People took profits first thing in the morning and it fell to .005. But recovered. I would much rather see a long lower shadow than a long upper shadow. However I don't disagree with you that there could potentially be a pull back today. One scenario, would be a pullback into the 006 range. Another scenario would be a drop at opening bell, followed by recovery into 008, 009 range. Third scenario I can see happening would be that new investors will be looking to buy in this AM and it will just go up up and away
DW, Ill be on Ihub spreading the word of OCLG too. Every penny/subpenny/multibagger board I can find
Im predicting a last minute surge right before close
More investors will see this tonight when they look at the break out boards and see "OCLG - +30% (or more)"
This reminds me of MINE. Had a bit of fun with that one last week. But guess what? I sold it to buy OCLG :)
Massive hammer candle forming on the daily
.0078 x .0079