No you look at the chart...the stock price has been flat for about 1.5 months.
The sharp volume increase came in the period from February to May. If you also noticed that after the acquisition news in February the volume started to pick up. I assume there was some dilution in that period and whatever equity ONCO issued was during that period.
A business with $2.8MM in revenue that is making little to the bottom line wont sell for more than 33% of the revenue that will be lets say $1MM (I work for an investment bank and this normally what we pay for this type of acquisitions - just based on the revenue). This means ONCO would pay about 20% cash down ($200,000) there will be some stock compensation (lets say 10MM) and the rest will be a seller note and there will be some acquisition and equity sale cost of lets say $100,000 (conservative). So all together they need about $300,000 for this acquisition. Add on top of that number some $200,000 working capital and the number goes up to $500,000
Now...The average price in the period February - May was about $0.015 that means they issued some 30MM to get the $500K and an additional 10MM stock compensation (restricted shares). All together 40MM shares this brings the O/S to lets say 110MM
Now you have a company with $5MM in revenue and reasonable profit (after consolidating expenses of both companies) and you have a stock traded at $0.003...
Back to your comment of dilution I do not deny it I just want to make my point that whatever happened it happened before May and for those of us who bought this one in the past 40 days is a golden opportunity.
As some on this board mentioned even if this is a shell at $0.003 its way undervalued (take a look at this shell SLSZ.PK it is traded at $0.08)
I hope I made my point...
