OncoSec Medical Inc (ONCSQ)

[James salmon]

Yes so not surprised they added, and maybe they will add more in order to prevent this. From the filing;

“Since the time that the Reporting Persons made their initial investment in the Issuer in October 2018, the Issuer’s stock price has declined by nearly 90%. The Reporting Persons and other investors that purchased the Issuer’s stock between October 2018 and May 2019 have suffered substantial declines in the Issuer’s stock price. The Reporting Persons do not believe that there is any justification for this decline in the Issuer’s stock price and that its product pipeline remains strong and promising. Among other reasons that the Reporting Persons oppose the Proposed Transaction, the Reporting Persons believe that the Proposed Transaction gives control of the Issuer to the New Investors at a depressed stock price and unfairly dilutes the Issuer’s existing stockholders.”


Like I have posted several times, I would not be surprised if this has been done in order to bring other bids to the table.