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Funny, I can't find it anywhere, but this is their most recent filing
The approval of an amendment to our certificate of incorporation to effect a reverse stock split of the Company's common stock at a ratio to be determined by the Board prior to the effective time of the amendment (the "Effective Time") of not less than one-for-fifty and not more than one-for-three hundred; and
·
The approval of an amendment to our certificate of incorporation to set the number of authorized shares of common stock the Company shall authority to issue following the reverse stock split at 750,000,000 common shares.
This action will become effective on the 20th day after the Definitive Information Statement is mailed to our stockholders.
Last one was 250-1
What I find REALLY funny is no insider purchases in the past year, just grants.
Good luck
Both of them are good teams that earned their way to the finals. Your analogy is woefully inappropriate. :)
You have specific information on the split ratio? I am going to wait until an official, verifiable notice is available. Too much misinformation here.
Lion is a terrible example of Cataldo"s "skill" We have already been over that.
They will pump around the time of the data release, and then split and dilute like drunken sailors.
My due diligence tells me IP, ownership and relationships are not what they are represented by Oxis.
Good luck!
20 days from the date of mailing, countdown begins. Maybe there will be a pump beforehand.
It can be anywhere from 50-1 to 300-1 according to the filings.
I didn't think so....
So, what is the split ratio?
:)
Surely the letter stated what the split ratio was?
??
That doesn't sound too bad considering.....
:)
I am certainly no expert on this.
:)
There have been several filings for the reverse split. It is clear they don't need approval from common shareholders. It will occur 20 days after they mail the announcement to shareholders. When that will happen is unknown.
There seems to be a minimum value a stock can have. MCET never went below .0001.
There is a lot more room to drop from say $4.68 than from .015 for example. The intent of a reverse split is generally to reduce share count, so more can be offered.
Likely still won't be able to short Oxis at the retail level, will find out.
Perhaps ypu should read the latest filimg. I also posted it this morning.
All you need to do is go back and look at old posts.
Oxis doesn't need to ask common shareholders to approve anything.
NOTICE IS HEREBY GIVEN that the holders of more than a majority of the voting power of the shareholders of Oxis International, Inc., a Delaware corporation ("Company," "we, " "us, " or "our"), have approved the following actions without a meeting of stockholders in accordance with Section 228 of the Delaware General Corporation Law:
·
The approval of an amendment to our certificate of incorporation to effect a reverse stock split of the Company's common stock at a ratio to be determined by the Board prior to the effective time of the amendment (the "Effective Time") of not less than one-for-fifty and not more than one-for-three hundred; and
·
The approval of an amendment to our certificate of incorporation to set the number of authorized shares of common stock the Company shall authority to issue following the reverse stock split at 750,000,000 common shares.
This action will become effective on the 20th day after the Definitive Information Statement is mailed to our stockholders.
I've posted what I found. No point in reposting. 6
That's certainly what they want you to believe.
Didn't think so.
:)
Care to share any specifics?
Besides the reverse split and massive dilution?
My opinion is that the relationship between Oxis, OXS 1550 and U. Minn is not exactly as it is presented. I have looked into the licensing agreements and IP and it is murky, to say the least.
If Oxis truly were involved with the trial as they say that they are, then the valuation would not be what it is.
Just my opinion, good luck!
Sorry, I believe that you are incorrect. It is not just about the science. It is about ownership, financing, capabilities, integrity and progress, just to mention a few things.
I believe that further research is required.
:)
Do you mean phase II? Already priced in.
Kiss it good bye! Average down?
One more scam bites the dust.
Gee, a few weeks ago you would have thought this was a real company, or something.
Come and gone, read the reports. Oxis is a scam too.
I am not convinced that any trial results will have any effect on the PPS. The relationship appears to be nebulous at best.
This will likely be deleted. Suspended until 2020.
They cured a ladies cancer!
Tony won the battle!
Easy $200 billion buy out!
Not a penny less.
Oxis tp the moon and beyond!!!
Just like MCET there's nothing left to believably lie about.
You didn't ask me, but I think I can make a prediction.
The high of the run, if there is one, will not be as high as the previous run, so around .03.
First it will attain a low that is lower than the previous low, so that's like .012.
If you want to play it right, IMO, you will need to wait until Oxis falls below that run. I believe that there just might be one coming in June as there will be some sort of press release expected around that time for the results of the trial. The trial results will have nothing to do with Oxis, but some folks will likely be able to pump it for a day or so.
MCET demonstrated that it's difficult mathematically to have a market cap of much less than $1 million because you start to run out of zeros to put in front of the 1. I kept waiting for it to go below .00009, but it just didn't seem to want to go there.
I expect the same thing from Oxis.
This is getting to be just like MCET. Nothing left to even believably lie about.
They should have done the reverse split last year while they still looked like they were doing something. They should have learned that from MCET.
Zika cure? Zika vaccine? Which one? Whichever it's just an image on a computer screen.
Good luck!!
They most certainly are. The phase II was first announced June of 2015.
Reverse split will happen. They need money to settle with MCIT.
Everything well known and factored into the current pps.
All of the things that are posted over and over and over again regarding Oxis are well known.
Even with all the press releases in the world the PPS remains where it is, and the market cap reflects the true value of Oxis.
Even with the fluffy press release the volume was below average.
Should be many amusing days between now and the reverse split, and then things will be REALLY amusing.
Provided you aren't holding any Oxis. the dilution is going to be relentless.
Good luck!
A most amusing day!
Supposedly big news which had no effect whatsoever on the PPS of OXIS.
The volume is pathetic for a company with a "game changing cancer cure"
About $10K traded in total today.
"Zika Cure" is just some computer 3-D modeling, they can't even decide if it's a therapy or a vaccine, so might as well claim it's both. A lot of people don't know the difference.
Still no comments on the legal activity between MCIT and Oxis even though they are partners. This information comes straight from the annual report.
The economic benefit to Cataldo, at the expense of the company is also well documented in the annual report.
Reverse split and huge authorized share count also confirmed by Oxis filings.
Best of all, it has been FIRMLY established that these are facts, including all of the other posts I have made. I do my utmost best to do comprehensive research and post information that I believe to be factual, and if it is not I am happy to be corrected.
Any newcomers to Oxis would be well advised to at least take the information I provide under advisement.
I am happy to be of service.
Good luck!
I post facts.
Everybody knows this.
I just post facts, anybody can draw their own conclusions.
In the case of Oxis, the truth is not pretty.
And not one peep about the legal action between MCIT and their PARTNER Oxis.
$250K is a lot of money for a company that had less than $50K in the bank. The stock action is likely related to that, at least a bit.
And the CEO pulled $4 million in stock out?
This really gets more amusing every day.
Oh so many more facts than that.
But I have posted them so no need to repeat.
I will point out that a phase III trial is likely several years away.
One of the problems with cancer trials is that if you want to have a 5 year remission rate, you have to wait 5 years to get the data.
You will need 100's of patients at multiple centers.
One complete remission out of 32 is not even close to cutting it.
And I think it's just going to be way too expensive to manufacture. 6 grams is A LOT of protein to manufacture. They need to go back to the drawing board and increase the specific activity by a factor of 10 at least.
But, as you can see, there is always somebody that stumbles into these things and think it looks like a good idea.
I really wish I could short Oxis without having to go through any special machinations.
When the reverse split comes they may have a value to get them listed, maybe for a couple of days. I am not sure that will be long enough to be able to short it.
Could you imagine having been able to short Oxis from a year or two ago?
Big money!
Of course, knowing what I know now it wouldn't even be fair.
As far as long term value investing, well, history says it all.
And again, if Oxis really had ownership of a game changing cancer cure, would the market cap be what it is?
Not a chance.
Just another pump and dump, using con men and deceptive press releases to lure in suckers.
Big news, yawn.
Oxis has nothing.
Good luck!