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It better be king and a couple jokers and not the 2 of diamonds
looks like not a lot of people aren't selling their shares for cheap and some at the market orders are being initiated
I'm gonna choose to not expect any news until December 31 so I am not disappointed for the rest of the year
This has to be due for a technical bounce soon.
Yup, down 7 grand just today so far and in the red 31 percent. Same place as when we were at .36 again. Prob should have sold when we had the rally to .65 and bought back again. Prob going to start trading this once I sell at my price target. I hope we get some news release soon that will start another rally and stabalize the PPS a little bit!
Well if you take into acct that their expenses were 12 mil for the fiscal year ending July 31 2014, then that's only 1 mil a quarter. Add 60 percent increase a quarter and that equals 1.6 mil a quarter. Multiply by 12 and that is 19.2 mil a year. So 37 mil in the back is good for approximately 2 years. Take into acct if the partnership they will be getting has cash up front then it may be longer.
I think they also dropped a hint in this paragraph as well, "It has been a year of tremendous progress thus far with the expansion of our team and R&D capabilities. As we prepare for more success in the coming months, it is important to note the significant advancements that have brought us to this point." I think they are hinting to us once again that they will hit their unprecedented milestones within the next couple months.
I don't usually speculate on news releases but it's out of character for them to release news on a Friday. I'm thinking we might get a follow up news release Monday morning too.
Ok lol, what a difference one word makes in a sentence.
Yea I guess if they get a partnership with a big pharma then that won't be a good sign for investors to jump in if it goes above .60. I'm guessing when the also release great phase 2 results and start a phase 2b trial as well as start clinical trials for other indications then that won't be any reason to buy the stock when it goes above .60 either. I'm guessing when institutions start putting money into this bc of their final phase 2a results and bc they are now partnered with a big pharma then that also won't be enough reason to buy the stock when it goes above .60 too? Good use of logic on your post. I commend you.
I think when the first couple milestones are announced and presented there will be a steady increase of share price leading up until the last milestone is announced. I think the last milestone to be announced will be initiation of phase 2b and partnership.
Last part of the presentation gave me a renewed confidence that they will deliver. Punit blatantly stated that they will meet all of the milestones mentioned. during the Q&A portion when asked about partnership for phase 2b, he said that he can't really go into detail but they are in talks with multiple companies and that they of course will be cooperating with someone in order to do the phase 2b. The chess pieces are moved into position, now its time to execute and go after the king.
ahab, i don't think that you are bashing at all. I am too, overweight in shares. I do think that the company will deliver on the milestones before year end (especially initiation of Phase 2b trial) which they have reiterated multiple times. I support the company's cause fully and commend them for what they are doing, but don't get me wrong, I also support my interests as an investor as well. I invested because I saw how far the company has come in the past year or so. All company activity and additions of staff shows signs that this is indeed not a scam company and that they are really trying to make it and believe in their product.
For what it's worth, Punit responded to my tweet asking if he is still confident on delivering the milestones for 2014. His reply "@tupy_tinh @Oncosec Hi Tinh. We are confident in meeting our milestones, yes."
really? just because IR didn't reply back to you? That warrants a new CEO and BOD's? People start posting pretty silly things when there's a down market and the stock is in the red.
yes but they did not commit to 17 mil worth of shares back then
What do you think the institutions who invested at .71 are thinking? They prob did extensive research before committing that amount of money into a OTC company. Do you guys think they are confident on their investment? I would say yes because they pulled the trigger at .71
I'm thinking that they are going to start their run at the beginning of November similar to last year. The market is probally going to stabilize a bit then and people will start buying again. Many biotech stocks ran around that time last year as well.
All this talk about dilution and reverse split. I don't think that they will be stupid enough to dilute or do a reverse split before the run up and increase in share price. After the run up then i might be worried about a eminent dilution, but until the major spike in PPS is reached then we are pretty much safe from another dilution with the companies cash at around 38 mil. As for the Reverse split, do you guys really think they are stupid enough to do a reverse split anytime soon when there is no base in the price put in? Once there is major fundamental news released and either a partner is announced or an milestone met that puts a solid base in then they might consider a RS. Punit has also said that he is trying to uplist organically for what its worth. So in conclusion, yes this dip in price is pretty depressing but it is an OTC small cap biotech, but common sense must be used when speculating a dilution or reverse split. It makes no sense for them to do either in the near term. It will only hurt the company as well as the share price. once support is found on this dip, I'm thinking one more day of selling then we will find a base round .43-.48 (so lets just estimate around .45) then we will start to rebound again similar to the last time it went from .36-.65. So the technicals will come into play if there is no fundamental news released within these next 2 weeks. From now till the end of the year we wait for the Milestones promised by Punit. Hopefully if there is news released it will help propel us higher than .65 in the short term. Sorry for the long post, just wanted to get my thought and method of thinking out there. Good luck everyone!
Would've been nice to see price at $3 when it started trading again! One could only dream.
Did oncs stop trading at 3:30 eastern time? There is no bid or ask on ameritrade?
Not complaining, but is it just me or is it a little rediculous that we stopped almost 4 percent on 100k volume in the first 5 min? If I sold all my shares we would be at .40
Thats a lot of rocket fuel if they do indeed meet all of those milestones by year end.
Same here. Now that I have set a timeline for them to achieve or deceive, I am less stressed by the day to day price movement. What really matters is where we are at by years end.
The statement about building unprecedented shareholder value through meeting all of their milestones by year end was made a month ago. They said that all of their planned milestones will be met by year end so we have 3 more months for them to achieve their goal. People should read carefully the statements made by the company or CEO. So as of right now patience is the key. I really hope that us shareholders will benifit if/when they start releasing milestone news. There is really no need for anyone to be selling if they are not day traders.
Yea everyone is frustrated including me. The PR is important if you have something to PR. It might be a possibility that they aren't ready to announce a milestone yet and waiting until after the "slow months' of sept and oct in the market to release the data or news to have the most impact on share price. It could also be that they haven't reached their planned milestones yet but they will in the coming months and then there will be something to announce. All we can do is take their word for it and speculate when they will be reaching milestones or releasing news. Taking into acct. what was said by Punit and the company of reaching "unprecedented" milestones one can lean more towards the confident side that they will deliver by years end.
Thats understandable about the ESMO data. Every company has its own strategy for getting things done. we have been given a time frame with about 3 months left to complete and deliver on promises. This next 3 months will tell a lot about the company moving forward. If they do meet their milestones then they will have validated themselves to the shareholders, if they do not then they cannot be trusted to keep their word and I for one will no longer be invested in the company. Lets hope that everything will go as planned!
maybe david has nothing relevant to contribute to the conversation. I'm pretty sure that the people in this company are not arrogant or stupid enough to not announce any important info to shareholders. The biggest tell that the company has something huge coming up is how many employees they have added recently. Not janitors as david says but valuable established individuals. They also added 3 top of their field scientists on their advisory board recently, as well as an in house council specializing in patents from Merck. So when people say they are just hiring useless employees, they surely know not of which they speak.
why do you think that is? why won't they be able to broadcast it in real time?
Do we have to wait an he after the presentation to access the webcast?
Wasn't tgis press release about ESMO what everyone wanted and complained about not getting yesterday? They made it clear in non scientific terms that the patient data correlates with the mouse data and that they are even more confident moving forward with the the trials. Now people are finding new things to complain about already. Just be patient my fellow investors. We still have plenty of time for things to play out and start coming together.
I think we are 6 hrs behind Switzerland here on the east coast
Agreed Dawson's Creek! We need to lower our expectations as a board and not be overly optimistic about every PR that comes out about a conference. it is only a letdown if there is no news release published that we are expecting. Let the company do its thing for the next 3 months and don't over speculate on things. When a PR does come out and expectations are low, there would be more if an impact on share price. Just my 2 cents
Fur, if you read the pr carefully again, there is no mention of "new data". They said they will be presenting data from patients tumor biopsies and comparing it with the mouse study to conclude that it does indeed coincide with turning non responders into responders. I think we all read a little too much into it and saw what we wanted to see. I think if there was new data presented at ESMO they will wait until Dr. Pierces presentation is over tomorrow to release any news or we will get some news about a milestone being reached. Maybe phase 2 final data. Pierce will also be presenting a corporate update as stated in the PR tomorrow as well.
I told you guys not to get your hopes up. No news today is by no means a reason to sell for anyone with shares. I would think the Sachs conference tomorrow would be a better time to announce anything if they indded had any new news or data to present. It is being broadcasted live and Dr. Pierce is presenting in front of a group not just a poster presentation. So don't get to negetive on anything just yet. It is also the last conference of all that they announced this month in the PR. It would make sense that they end the conferences and month with a bang and issue a PR tomorrow before Dr. Pierce speaks or wait till weds. after his presentation is finished. A little deductive reasoning and common sense can lead a long way. So relax we still have a long 3 months ahead of us no matter how frustrating it may be. We waited 3 months for price to finally move from .36-.50's as a base, so we might have to only wait another 3 at the most for milestone announcements and a movement to possibly $1 plus.
I hope that people's expectations on a pr tomorrow are not too high. I just don't like the way the company advertises this event as a big thing and if no pr is released then it would disappoint investors who were anxious and excited to hear more about it. If there is a non event for the company such as miscellaneous conferences which nothing new is announced they should not try to hype it to be a big thing. I hope they release some good news tomorrow morning or on Tuesday.
I don't know what to expect from this company anymore. I'm holding till the end of year to see if anything develops and if they will be true to their word about the milestones. If nothing comes to fruition then there is no point in continuing to leave my money in a company that doesn't keep its word to shareholders. On the other hand if they indeed do achieve what they say they would then I will be a very happy and wealthier 29 year old. Holding until EOY with 224000 shares.
stormin normin, its just not about the mice data. it's about how the mice data correlates with the data from the phase 2 human trial. if they can make a solid presumption or hypothesis with data supporting turning non responders into responders then that imo would be enough to move the stock price. The key is to have solid data from both mice and patient to support their hypothesis. eom
It was also in their presentation at all of the recent investor conferences that we would be achieving all the milestones by the end of the year. It would only hurt them if they don't deliver. To all the investors turning negetive and impatient, just think about the fact that they presented it in front of institutions and big investors at these conferences. I don't think they would make these claims in their presentation if they don't already know that these milestones will be reached. If you tell big money institutions that you want to invest money in your company that you will be achieving all of your millstones this year, you better deliver.
If we don't get any news Monday, I too will be very upset. Everyone with negative thoughts today will be saying nothing but positives about the company and punit as soon as this thing starts to move up. Most of the small cap bios on my Watchlist are down today 10 out of 14. So it shouldn't be a surprise that oncs is down too. PPS will start to move upward once relevant news hits. Just remember what was stated about meeting all milestones in 2014. If we don't then we'll have no more reason to be in this stock after the new year. That being said the credibility of the CEO and company is on the line. We still have 3 more months.