Post by
lonc17 on Feb 23, 2024 3:02pm
ATM
Oncolytics creates and sells average of 3000 new ONCY shares every trading day just to pay MC's wages.
Comment by
lonc17 on Feb 23, 2024 3:20pm
Note, they create and sell a ridiculous number of shares just to stay afloat. But close to 3000 of them (every day) are required to cover MCs wages. MC is like a highly paid underperforming pro hockey player that a team can sometimes find stuck on their payroll. What does he do at work each day? Sudoku, I guess.
Comment by
Noteable on Feb 23, 2024 3:23pm
I guess that's what takes to run a late stage company ... no different from the rest.