Next $TRIL?! 10 Bagger Still To Come!! $ONC has a legit shot at being the next $TRIL.
From the time $TRIL showed promising clinical trials, their stock went from $100m market cap to $2.45B in just 23 months. They were just phase 1. This is phase 3. Which is extremely valuable in terms of costs left to get to market. With shares this tight and a more cost effective path to approval, that is a recipe to out perform $TRIL.
It took just a matter of weeks for $TRIL to go from $100M to $1B. Then Pfizer made a $25m investment as apart of a $117M fundraising at that billion dollar valuation. I believe a similar deal is in the works here.
Management stating definitive agreement is coming in the next 90 days to complete the trials lines up perfectly with how $TRIL's major announcement played out.
I believe the major circling $ONC will "make the market" over the course of the next 2 months before announcing a big raise in month 3. With just $30m on the balance sheet and a $3m a month burn when not in Phase 3 trials $ONC needs cash, I would say a $50-$100m raise is coming.
Hold on tight, this could go to $15-$20 by September. Much more by end of 2024.
$60M+ CAD traded on all markets today, or roughly 25% of the float turned over in just one day! Two weeks ago the stock was hardly trading $500k-$1M a day on all markets. That's not a move momentum traders and retails can create, that is special volume. If this volume persists or even increases, as I expect it will. Stock could double from todays close next week with ease!
I took 10,000 shares at open today. Grabbed another 20,000 just before the close today. Bring on the billion dollar valuations!!
GLTA!!