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Yeah but when did he stop being involved and when did those things happen? I only checked into Opexa and that all happened years after he left.
Plus they have this Chinese Investors conference in Texas coming up in a couple of weeks, probably get more private funding there
I agree with that and I have emailed him explaining that reason why he does not need to do RS and will actually get to a better share price without it.
I suggest others email him with a reasonable and thoughtful explanation along the same lines. Cc Payne too.
Exactly right bro, I been saying that and people don't listen; to call ourselves "shareholders" like we actually contributed to this company and have some kind of rights is silly. We were lucky enough to buy shares that were on the open market that Oncolix couldn't get as part of the merger. We got virtually free ownership in the company. They don't owe us, we're just along for the ride.
Good information, thanks for the heads up. There are few people on this page that understand what's going on and have good input and you are one of them.
They're going to be at this Chinese investment conference in Texas early next month as well raising more money, so that's good too.
Kistler selling his shares was part of the SPA so he just had to disclose that officially now but it's already known and in the language of the SPA, just so everyone is in the same page about that.
I've emailed him a couple of times, including a detailed explanation of why a reverse split could have a negative impact on share price and more importantly volume and liquidity. Also a 10 step plan of simple things he can do over the next week to substantially raise the share price without a reverse split such as the website upgrade, name change, etc.
I have not received any responses.
well, technically it was the SPA that mentioned all those things, it was an attachment to the 8K/A filed last week, but the SPA itself was written over a month ago. The 8k that came out today is what I was referring to as the "new" 8k
It does say "the seller shall" and the seller is Kistler and per the new 8K Kistler is completely out. However, that's not a 100% guarantee it isn't happening. However, one must also look at the fact that the price is around 4 times what it was when the SPA was written, so they may well have changed their minds about doing an RS or decided to postpone and see how things play out first. Worth holding in my opinion.
But, that also said Kistler would execute that, and Kistler is completely out now per today's 8k, so that's a good sign
This website is nice; I'm not an IT guy so I don't understand why this isn't what comes up when you enter just oncolixbio.com I assume that's the goal
I think the float has actually been 33 million for a long time, the info on OTC Markets was just wrong. Reason I say that is the 61.5 million shares accounted for in the SPA plus the 28 million float never added up to 94 million AS. The numbers still don't quite match, but it's closer at 33 million float.
I never looked at it that way but you're so right man, I think we're in the clear.
There isn't yet, there might be. Nobody really knows. Chances better than 50/50 there will be, but no consensus on what effect that will really have.
Agreed; also an RS is often a prelude to dilution, but why would the company dilute at the present valuation? no chance of that IMO, because even if you figure just the $14.2 million+ in VC funding, add the roughly $5 million in carry forward losses against future taxes (which AEPP leaves them with), the company is worth at least 5 times current market value. That's the very low end.
Again, there's a lot of risk to this, but I've stayed in because I think the reward is big enough to be worth it, even though most of my friends got out the second they heard RS. This is not a typical penny stock, so I'm looking at it through a different lens.
Like any penny stock don't marry it, but stick around as long as you think it looks good based on the known facts.
That's exactly what I've been saying man, the price and volume have changed dramatically since SPA was written, so we can't assume they still want to do an RS when the situation has changed so much and they couldn't have foreseen that. Still a risk of course.
I convinced you? how? It's not a scam, but regardless I'm not here to convince anybody of anything.
lol I gotta admit I'm not following you there, but it's a funny image
That's a non sequitur. I'm talking about Redman, not Kistler. Redman brought Opexa public over 10 years ago, he knows what he's doing.
oh, I see. Unknown at this point, but he resigns all his posts. I doubt they involve him; Redman has experience running a public company already.
Read the documents, it's in the 10k; part of the debt that Oncolix will be paying off with the sale is consulting fees owed to Kistler, in six figures. Plus some 1.5 million shares belonging to him are part of the sale.
Glad I'm not the only one seeing this. This has every bit as much potential as it did before Tuesday.
"Has affected a change in control of the company"
That means the deal is done, unless I'm dense.
Exactly; there are bios worth billions that have no drugs out yet, no phase 2 trials completed. Not at all uncommon.
They have several days to file after closing and you know that already
Check the link I posted, filed with the state of Florida (state of incorporation for AEPP) and signed by Redman with Oncolix's address.
Of course the 10k for 2016 would be signed by Kistler, who else would sign it? It's not like they just threw it together today.
I don't want to speak for the man, but AEPP stock is currently at about a $3 million market cap. Oncolix has at least $14.2 Million in VC funding, so even using that as the very low end of valuation the stock is worth nearly 5 times the current price. I think it's worth at least 3 times that much myself (i.e. 15 times current price).
Here's the thing everybody needs to understand; Oncolix bought AEPP as an easier and cheaper way to go public than IPO, with an eye to eventually raising capital by selling some shares and possibly issuing more shares.
We who own shares of the existing float are essentially freeloaders in this situation. We bought cheap into their company and zero of those dollars went to the company.
If I was running Oncolix I absolutely would not care what current shareholders (penny stock scavengers like myself) want, it's irrelevant to the business and future share price etc.
So, everybody just have some patience and be glad of the free ride we're about to take, stop whining about the company providing shareholders with timely updates etc. It's not a sign of bad management that they haven't come out with news, it's a sign of what you should already know i.e. that we don't actually matter in this equation, we're just along for the ride.
I'm bullish on AEPP making me money, not on Oncolix treating me like I'm special because I put $50k into their stock that put no money into their business.
per this document it sure looks to me like the merger is complete: http://search.sunbiz.org/Inquiry/CorporationSearch/GetDocument?aggregateId=domp-p13000051645-2fa2bfa2-ec8a-476e-9841-13ba62a61faa&transactionId=p13000051645-cab21811-caba-4530-b73b-a5251ea3f945&formatType=PDF
I have a whole lot more than that in it and I'm not really worried. This is a longer term play, it will take some time.
That's the way I'm looking at it, yeah. Could be off a day or 2 either direction in my opinion. The rule is 4 days but it's not like it's enforced.
Slow your roll fellas, it was always going to be 8k this Friday or possibly later. Plenty of news coming in due time.
Rs or no RS is all speculation at this juncture. All we know now is they can do, doesn't mean they will but means they might. I don't think RS is a big problem in this situation anyway.
man I'm with you, big overreaction IMO. A little bit tarnished but a lot of potential still
You back in this Bottom Watcher? Looks like prime bounce play to me
They could have gotten there without RS in a short time, but no way they could have known that on 3/8 when SPA was written
I don't disagree with you, except they actually did downgrade to Pink, no longer on QB. A Necessary step though.
Can you post link?
Only thing is that where the latest 8k is quoted it says "in no event LATER than 10 days.." when in fact the 8k says "in no event EARLIER than 10 days.."