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.
Nabbs, Compass,
With a total lack of news or any updates at all, can you share with us what makes you both think things are going well ? .. especially the huntch statement that things will pick up soon.
Inquiring minds want to know.....Thanks
As I understand, the previous legal council for ONCO was one Mitch Segal. I attempted to contact him many times when I first became involved with the company. Suffice it to say, he never returne any calls and when I finnaly caught up with him weeks later, he said he no longer represented the company and to contact Dr. Walker. (he also sounded like a weasel, which is what I have since been told, he is)
My guess is that he is responsible for the massive increase in the number of outstanding shares a few years back and was paid for his "services" with them.
I have no idea how many shares he has, but from what I do understand, getting rid of him was like getting rid of hemorrhoid.
I believe this was a very painful experience for Dr. Walker, but
after having many conversations with him, I believe Dr. Walker learned a lot from this experience an he is far more business savy than most here think. Perhaps he isn't a Warren Buffet in knowledge, he is more than capable of running this company.
From an article posted in 2007 (I cut and pasted the info and forget the source)
Dr. Walker is a professional medical physicist with 35 years of experience in clinical practice, research and program management. He holds a B.S. in Civil Engineering from the Virginia Military Institute, an M.S. in Radiation Biophysics from the University of Kansas and a Ph.D. from the University of Florida in Environmental Engineering (Medical Physics). He is certified by the American Board of Health Physics, licensed by the State of Florida as a Therapeutic Radiological Physicist and is a registered Professional Engineer. Dr. Walker headed the U.S. Nuclear Regulatory Commission's medical and academic licensing program and later was the Radiation Safety Officer and Radiation Safety Program Director for the National Institute of Health. He is the author of numerous papers on medical and health physics and currently serves as an officer and member of the Board of Directors of Advanced Oncology Network, Inc. He is also a member of the Board of Directors of Abundant Blessings (Jamaica) Cancer Treatment Centre, Ltd. and Universal Healthcare Management Systems.
I am in and haven't sold a share in over three years and expect to be here for the duration.
This company is beginning to look like less than advertised. I am surprised that it has fallen off so much if the potential was so great.
Can someone tell me why there is so much optimism about this company?
Thanks.
I believe they do, if they are increasing the # of AS. In this case, they are not.
The 10-Q will show that the # of OS has increased significantly... approaching the # of AS, but the progress reported will be worth it.
So,who sold today? For whoever was watching and picked up the cheap shares, nice grab. I was too tied up to see the bargain.
Schneidku,
That is true. AVT did a R/S and when I asked the company what the intent was, I received no other answer than that it was to be listed on a "better" exchange. The fact is that it was not a good move for shareholders. I beieve the price was ~ $ 0.70 /share when they did it and today it is the equivalent of $ 0.50... down 30% and not a good move. Going to a better exchange can be a good move, but the company needs to have some substance. I once contemplated taking a position in AVT, but after a few conversations with some of the management there, I have declined.
Now, AVT proposes a 2:1 forward split after a 1:10 reverse split less than a year ago. Why is that? It is a poor and costy choice made by poor management.
Thanks tdbowieknife!
Ashley, are you dilusional? AVT has been on a constant decline for the past year plus. I know the story is compelling, but I have spoken with a few of the management folds and am less than impressed. There is a reason this stock is priced at $ 5.00.
They do have promise, but can't see, to get things moving.
Can anyone tell me what findings indicate that there is oil in Beliz where we will be drilling. Do we have neighbors who have reserves, or is there anything to indicate that we are in a sweet
area?
Thanks... BB
A forward split is good. It is when a stock splits and you have more shares after the split than you had before. If you have 100 shares of a stock that (forward) splits 10 for 1, you will end up with 1000 shares after the split. Now, in essence, this does nothing but make each share now worth 10% as much as it did before, but a forward split is usually a sign that management expects the share price to increase, which is good for shareholders.
A reverse split, is just the opposit. Where you once had 1000 shares, a 1:10 reverse split will result in you owning just 100 shares after the split.
I have never, never heard of a reverse split that was good for shareholders
The report is located here:
http://www.sedar.com/CheckCode.do;jsessionid=0000mKhQETLcrDZJEY1m4C9EbEy:-1
Make sure the coffee pot is full.
I went to the two quarterly reports and noticed that they were the same. I then emailed Dr W to let him know and he had the problem corrected.
I only read that his IT guy made a mistake in posting and it is now fixed.
I do like the the most recent quarter, however, and expect the business to continue on that track.
What is LTII
Dan anyone tell me where I may call to get info on the company?
Thanks....BB
This stock is rediculously under valued.
ONCO (the company) is currently valued at ~ $ 820,000 (208,001,000 shares @ $.004/share) and their forward looking earnings are (assume $52K /qtr X 4 qtrs) $ 208K for a P/E of 4
Thanks Siforus. I understand what a split is and does. What I (still) don't understand is why the company wants to split the shares. I do not see it satisfying any of the points you mentioned
(increased liquidity, maintaining a certain dollar price range for the shares or sending a signal to the markets.) In fact, it will likely eliminate some firms from following and recommending it when it falls below a critical (often $ 5.00) price point.
So, I am still interested in hearing and understanding what benefit it is for the company to split a share of a $5.00 stock in to two shares worth $2.50 ???
WHY WOULD A COMPANY FORWARD SPLIT A $ 5.00 STOCK ?
Makes on sense to me.
You got it wrong, he said he was a mongrel, but he forgot to mention it was a flea bitten mongrel.
Any chance of sharing the L2 numbers ?
Thanks
Osama,
Let's see.. at $ 2.50 per share, ONCO would be valued at a half a billion dollars.
Are you smookin that funny stuff again ?
FYI....Dr. Walker is not a physician.
But otherwise, I would pretty much agree with your assessment.
I try to speak with Dr Bill about every 4 - 6 weeks. Although he is very close to the vest with his statements, I believe things are in good shape.
I would think that if a shareholder had a gripe, or wanted feedback, this would be a better way than to go to a board that he doesn't read...that is a fact.
Dr W has far, far more to loose than any of us. Remember, he owns 50+% of the stock, so his fate is also tied to share price. When it is time, it will be time.
Until then, I would suggest you call him to see what he has to say. Other options also exist.....
Can you help me understand...? Posts like this do what for who?
Dr. Bill is not a one man show. He is in good health and he will be around for a while.
When the story is ready to tell, it will be told.
Everyone has the option to sell and move on.
bilachos,
I've stepped away from following ONCO recently to save my sanity. It is frustrating seeing nothing new coming from the company. Things are continuing to move forward, although not as quickly as any of us would like. The medical machine is among the slowest to accept and embrace new things (just look how long it takes to have a drug approved, if you don't believe it) and when radiation is introduced, it just extends the timeline.
I spoke with Dr W a short while back and it confirmed my thoughts. He reiterated his philosophy that while things are moving along, he will not release news unless it is substantial and meaningful. I relayed my (our) concerns that news is absent, but I don't expect him to yield to these concerns as he remains focused on the tasks at hand.... building business.
I'm consumed with a few major (work) projects, so haven't had much time to inquire on specifics. If I have time to do so, I will. I still believe that one day, the news floodgate will open and the stock will begin it's rise.
Maybe I'm a fool, but that is my belief.
Mav,
I can't say that I can blame anyone for feeling the way you do. Dr W has certainly been less than forthcoming with news, despite his 8/5/2010 comment to do so (below)
"I'm alive and well. As we all know, for obvious reasons, I can only discuss that which is publicly available and am obliged to avoid “selective” and/or “forward looking” disclosures, etc. Within those securities law (and practical) confines, it is my intention going forward to keep our shareholders (including those who participate in this chat room) posted on any news releases or other financial announcements as they occur. As our securities counsel has advised me: know the difference between present tense, past tense and future tense, avoiding the latter, concentrating on current activities and events and address past tense to a significant degree only by comparison to the present situation. In that context and for example, as reflected in our May 4, 2010 release, we are still working on implementation and startup operations for the UPMC (University of Pittsburgh Medical Center) facilities. In the future we would post on this chat room essentially concurrently. Do understand, to avoid hype and “puff,” we are diligently pursuing as many opportunities as possible but, in this business, it can take a long time to bring a new business opportunity on line even if you feel you have it sewed up—and so the reports will be limited to, essentially, “done deals,” going from possible to having an enforceable agreement in place. Make sense? For a number of practical and securities reasons, I will not be participating in this chat room. However, as events occur and consistent with a more disclosive approach, to supplement the news releases, OTC Markets (formerly Pink Sheets) disclosures and the like, I welcome your comments and suggestions and will take them into consideration to the degree deemed feasible and in the interests of our shareholders. Please send any such ideas or recommendations to discussions@oncologymed.com. Hoping this hits a responsive chord, thanks for your interest in our company."
I can think of just a few reasons why he have heard only silence lately.
1) No progress has been made or business (contracts) is in a downturn
2) Dr W has chosen to hide any progress.
3) He continues to focus on the work at hand and not the peripheral (PR Type) stuff.
I'm guessing #1 is not the case and #2 is not what Dr W wants. That leaves #3 and I am banking on that being the case. I know things in the world of health care move very slowly and I also believe the company has many irons in the fire. Getting anything labelled radioactive in to a procedure requires a great deal of data and perseverence. This is where Dr W and his people have been concentrating their efforts (my belief). I would, however, like to see some documented indication that things are moving forward.
Now, I'm never eager to admit that I've been wrong. I presume nobody else is either, so perhaps I'm fooling myself. On the other hand, I will not bail out until I have proof that the business is on the decline. As we all know, cancer treatment is a growth business and this, relatively non destructive treatment seems to hold promise.
I'm here for the duration and most of you are (although perhaps you don't know it) happy that I don't sell. I am too entrenched and would do real damage to the PPS if I chose to bail. I expect we will do well to hold, but again, I cannot fault anyone for chosing otherwise.
By the way, for those who are not aware, the company is a one man show. Dr W has very capable people backing him up and the company will remain viable, even when he decides to retire.
As for arttraiding's feeling of news coming soon, I certainly hope this is the case, but ask him for his logic. It has been a long time, but what is the catalyst?
Good luck to all. BB
I do plan to speak with him soon, but would strongly suggest that you also call him. When spoken to in a civil mannar, I've found him to be very down to earth, although within the limits of the law.
I have spoken with Dr Walker on many occasions and I have also discussed share price. He has never made any reference to a $ .60 or any other figure and he eludes mentioning any figure when asked. I have seen references to this price on IHub, but don't know of it's origin. Could whoever heard this figure from Dr. W tell me in hat context was it said?
Bilachos... yes, Dr W does own 112 Mil shares so he controls everything (although his shares are restricted and cannot be sold for some period of time... unless the time restriction has expired. Since this stock is so thinly traded, if he could and ever decided to begin dumping, the price would go to $.00001.
By the way, I too, am a bit frustrated and would like to see a higher share price, but that will happen only Dr. W releases the information to get it moving. I just hope we have an audience when it happens. My opinion is that placing scathing posts on this board will do nothing to help make it happen and it might just scare away a few potential buyers who deem it not worth their time.
Good luck to all.
Art... Happpy New Year to you also, along with everyone else on this board.
Have fun and be safe....
Actually, I call it a buying opportunity
I guess it is good that Dr Walker is not a physician.
Dr. Walker is a professional medical physicist with 35 years of experience in clinical practice, research and program management. He holds a B.S. in Civil Engineering from the Virginia Military Institute, an M.S. in Radiation Biophysics from the University of Kansas and a Ph.D. from the University of Florida in Environmental Engineering (Medical Physics). He is certified by the American Board of Health Physics, licensed by the State of Florida as a Therapeutic Radiological Physicist and is a registered Professional Engineer. Dr. Walker headed the U.S. Nuclear Regulatory Commission's medical and academic licensing program and later was the Radiation Safety Officer and Radiation Safety Program Director for the National Institute of Health. He is the author of numerous papers on medical and health physics and currently serves as an officer and member of the Board of Directors of Advanced Oncology Network, Inc. He is also a member of the Board of Directors of Abundant Blessings (Jamaica) Cancer Treatment Centre, Ltd. and Universal Healthcare Management Systems.
grantg2,
If you think Dr Walker is the only person who is making decisions and setting both strategy and direction, you are not as informed as you should be.
osama,grantg2 and nerachal
Have you three been hitting the eggnog a bit early? I am sure the doctor didn't sell 100K shares as you speculate. Unfortunately, you just don't get it. He is growing a business and doing it quite well.
Don't get your panties in a bunch waiting for news. It will happen when he wants it to and your criticism is falling on deaf ears.
Not to sound like a pr_ck, but if you are looking for quick profits, you are looking up the wrong dress. There are other opportunities out there. Perhaps one of them would suit your investment strategy much better.
ONCO will provide a very good return for the patient. I would like things to move more quickly, but realize they won't. When the ascent begins, I will be here.
bilachos,
I have not been as close to things for the past few months and I have heard nothing about a PR. I did speak with Dr B a couple of months back and he mentioned that things are on track with lots of discussions going on.
I have taken the position that it is not a short term thing and would think there is a possibility of seeing a share price of around $ .10 by early 2011. This is projecting revenue and using a revenue multiplier of ~ 5.
Perhaps I will be wrong, but I expect if so, it is only the timeframe that is off.
BB
Aren't you taking a lot for granted, thinking Evans can read...?
What calendar do you use ? The financials were released on August 18, 2010.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=35820
bilachos,
I am still very optimistic about the company. It has, however, taken much longer to get traction than I thought thought. I still believe Dr W is doing a great job and think things will work out. As I he stated in the last release
"I have answered a number of inquiries from shareholder about issuing more public information. My standard reply has been
that my primary objective is the growth of the business first and growth of the stock price second. However, I realize that the
later can’t be ignored. I will therefore strive to 1) keep my quarterly financials post in a more timely fashion and, 2) try to
release more information to the press about the company’s progress."
...I believe when news is ready to be released, it will be. 'till then, we will just have to wait.
Well, one thing we know... at these volume levels, Dr W is not dumping his stock. Today's $ 100 trade makes you wonder who is selling and why.
bilachos,
For the low volume transactions we have seen, I am not too worried...just amazed that anyone places a market sell order. I actually hope a few more people do the same so I can pick up more cheap shares. Soon, there will have to be an update and when that happens, I expect a higher share price.
And a tax free gain at that... congrats...
GLTA
Bilachos
Thanks for the info. I hope he understands the benefits of haveing a strong share price, although since he has no apparent thoughts of selling, he probably isn't really concerned about it.
BB