Hey Cash.....that has to be the best news we have seen in. 5 years. There has been much speculation about mergers and acquisitions for ONCO. This merger definitely gives us all something to look forward to finally for ONCO. Thanks so much for the update. Stock price has been under priced for years and now with the new merger/integration and restructuring, ONCO may get the capital needed to expand Ops or integrate synergistically with the Parent Company. This is really one heck of a shot in the arm for ONCO and we investors. JMO but looks like we will finally see some lift. This also explains why Doc Walker has been very silent.
To All Onco Investors......please read Cashclan's post below which starts out with the sentence ..,,.. Maybe this helps"
This is the first news we have received in years on ONCO becoming part of a conglomerate with several other companies. You have to read thru 80% of the Press Release before you see the ONCO inclusion.
JMO but this could become the train we have all been waiting for. Apparently this merger and business restructure will take time..... But considering all the years we have been waiting......nothing new for us.
Thank You Cashclan for providing a business update.
According to the information contained in this recent News Release below, ONCO is undergoing (or may already HAVE undergone?) the process of becoming one of five independently-Trading Subsidiaries of:
--- Electronic Merchant Systems Rochester, Inc., a New York Corporation ("EMS"), and --- First Hudson Trust of New York, a Massachusetts Trust formed and ....operating under the Laws of the State of Oklahoma ("First Hudson").
HERE is the LINK to this very, VERY IMPORTANT and SIGNIFICANT News Release. ONCO is specifically mentioned and listed approximately 80% of the way down:
HERE are a few key excerpts from the above News Release that have an especially direct and substantial Material Significance to ONCO:
--- "...a group of five Publicly-Traded companies that, eventually (on a date in calendar 2014), will operate under a Cayman-Islands-based Holding Company, controlled by EMS and First Hudson which, itself, will be Publicly-Traded.
--- "Each Subsidiary will continue to trade its Shares for the benefit of its respective Shareholders.
--- "The affiliated companies will be engaged in the businesses of entertainment, consulting, credit card merchant acquisitions, and a credit union.
--- "Aside from the credit union conducting an IPO under First Intercity BancSystems, Inc., the other affiliates to-date are Real American Capital Corporation (US.RLAB.PK) and Oncology Med, Inc. (US.ONCO.PK)."
--- "For further information on Real American Capital and Oncology Med, please contact Mr. Grande at (585) 967-3198."