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Saturday, July 20, 2013 11:26:26 AM
http://www.ascendiant.com/about.aspx?n=785756
The OTC MMs sometimes co-ordinate together or individually to maximize their profits thru the strategy of Naked Shorting. At any one time depending on their position they will Naked Short more or let it run. As FINRA members they all report daily Naked Shorting collectively for each equity which can be followed:
http://regsho.finra.org/FORFshvol20130719.txt
In the case of ASCM it would seem that they Naked Shorted more ONCS to hold it back as the PPS is heading higher and would force them to buy-to-cover at a loss.
On Jul 1, 2013 ONCS closed at PPS $0.2470. The high close for Jul,2013 is $0.3200 which is a 30% increase. Starting Mon Jul 22, at any time, OncoSec is expected to release the Phase II statistical data for the 25 persons. This data is expected to be bullish and drive the PPS up mainly by attracting new buyers. ASCM is simply trying to hold the PPS back and encourage swing traders to sell so that they can buy-to-cover at a lower PPS.
Friday was an opportunity to buy more shares especially for the Longs that have done DD and know the value of ONCS.
Recent ONCSQ News
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 07:30:19 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM