Oncologix Tech Inc (OCLG)

[CrimsonFate]

It’s going to do nothing unfortunately. I spoke to Michael Kramarz.

So pissed someone framed this all up as if it was a company with current operations and revenue.
I bought millions of shares at .0008 average and just dumped them all for .0002 to cut my losses.
The price is going back to .0001 or lower unless something fantastical happens.

“There is no money” is what Mike told me. He said they don’t even have 50-60k to file the financial information required to become current. He said oncologix has like 60 bucks in the bank.

There aren’t 150 employees as the website eludes. He told me payroll and all operations stopped around August of 2018.

He said that TCA Global came in and drove Amian Angels to bankruptcy. There are no assets or any cash flow from amian angels as it has been absorbed by the creditors into bankruptcy

I asked about the government contract for Esteemcare, he said they did have a government contract worked out but the government had forced them to operate at such low prices they cut all the margins out and it ended up being non profitable and it has already been shut down.

I asked about the global patents and description of e-commerce and international business on the website. He said that they had filed for a patent back in 2010 and something went south and the application fell through. They never did have any patents. He just said he was going to have to talk to the webmaster to take the site down.

All he could really say was he didn’t know where all the volume was coming from and that the chief officers had to file “Chapter 7” to protect their personal assets from TCA Global and the bankruptcy. He said “it’s a good public shell if somebody wants to take on the debt”. So that would be the only saving grace for this ticker is if somebody wanted to take on a large portion of debt to merge or acquire this company.

He said that the current outstanding shares was around 1 billion. He said that there were 2 billion more that could be issued.