Replies to post #207 on OncoVista Innovative Therapies Inc (OVIT)

[Witty159]

Yahoo Finance forums has more of an active group on the company if you'd like to get a broader opinion. Some successful investors over there have their hands in the pot.

This company is severely at the leverage of market conditions, and each passing month dwindles chances of a strong restoration. Consensus is Weis went dark to save on SEC costs while biotech (and the general market) decides which direction it's heading.

I have a hefty amount of shares in this, but I'm by no means blinded by the reality of the situation. If we get financing, the market has showed strong support in the past to $1 PPS. As I've said, don't break the bank.

[protagonist12]

Not saying the stock is worthless but certainly this type of investment is for very few people. I've followed several Form 15 filers that have continued operations as if nothing ever happened and others that only told the SEC to pound sand so that they could commit malfeasance.

One thing is for certain, they'll never file the required SEC disclosures/audited financials ever again or come back into compliance. The SEC simply does not allow it happen. Form 15 is a death warrant, but again that doesn't mean the stock is worthless.

As for funding, the company does not need to disclose it and neither do the would-be 13G/13D/Form4 filers who would invest in the stock. So you would never know if there was funding or not unless the company PR'd the info.

My honest opinion: this could become an under the radar play worth watching and possibly worth owning under the right circumstances, but as of right now it's too much on the radar to be worth owning. I am out and was happy to sell at these levels.