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salgovernale69

06/09/14 12:13 PM

#15020 RE: $Moneypenny$ #15019

Once it closes. As far as we know it would have closed Friday. I wouldn't hold your breath for an explanation. I don't think we'll hear a peep until there is actual news for them to issue a PR on, could be several weeks. I emailed IR Friday and cited Punit's tweet about how he "looks forward to explaining" and asked what medium they'll use to explain as the CEO said he would do, and this is what I got back:

"Thanks for reaching out, we understand your concerns and appreciate your continued support. In regards to the recent offering, we cannot provide concrete clarification as to if and how further offering details will be expounded upon. However, please know that the cash raised will give us added financial freedom and flexibility, as well as a strengthened sense of confidence and security as we look to initiate a phase 2b trial, and significantly expand our R&D/preclinical operations. We are extremely excited to leverage these added resources as we continue our work to position OncoSec as a leader in intratumoral immunotherapy and explore the robust potential of our platform.

Thanks again for your support. We would be more than happy to arrange a time for you and a company representative to discuss your concerns further. If this is of interest to you, please indicate a time that will work best, or call our corporate communications contact number during normal business hours. Thanks, and have a great weekend!"