Oncolytics Biotech Inc T.ONC

Options

[lonc17]

Crunch time coming up for MC and KL. Both of them are in a postions to exercise options that are in the money and set to expire mid December.

Something like 150,000 options each at a strike price of $1.45 Canadian.

Watch SEDI carefully. If either or both of them sell any of these newly minted shares then they are sending a very strong signal to the market that ONC is fairly or over valued at this time and the c-suite has no expectation of higher share price in the near to mid term.

It would be nice to see MC and KL keep all newly acquired shares but that would necessitate them using real dollars out of their own pockets. Not likely given their histories!

[inthno]

It's a no brainer to exercise the options as they are in the money, the big thing is will they hang on to the shares at least until a deal is done.

[canadafan]

In all on Onc history, there has never been a senior sale of shares. Only buys. One exception, when the price spiked back 2019,  one director sold s very small portion of her shares. it was December. Perhaps a Christmas bonus. Does not require a lot if work. checking SEDI where the insiders must report. founder Dr. Matt Coffee has never sold a share.

[lonc17]

I believe you are correct, Canadafan. But this will be by far the biggest share purchase by MC and KL. 150,000 * $1.45  =. A lot of money even for someone grossly overcompensated like MC and KL. And it is a lot of money to be investing in a crappy micro cap biotech. I do hope they hold on to every single share, else the message to the market is a huge negative stain for the company.

[megaflop]

"In all on Onc history, there has never been a senior sale of shares." Not true. Matt Coffey sold 7500  2003-11-19 Then again: sold 7500 2004-04-12 Both after exercising options. Ther was some talk of needing school fees or a new car for someone, who knows. There may have been more but I got tired of searching sedi. I do remember those sales.

[inthno]

OMG Canada fan you might be on to something, they always hang on to all of their shares . Let's see and just for fun the ownership. before kirk just bought his shares and this is from the a recent agm circular. Ownership of shares by the execs at ONC. Matt Coffey-82,659 shares Kirk Look- 33,028 shares Thomas Heineman-00000000 shares Andrew de Guttadairp 10,315 shares Allison Hagerman-000000

[lonc17]

inthno, Both MC and KL will suddenly find themselves with an extra 150,000 shares of ONC sometime within the next two weeks. It's about time they had some skin in the game. Shame on them both if they sell any of their new shares.

[inthno]

Oh I do agree that they will all have the extra shares before expiry as there is no way that they would give away free money....My only point is and should be a no brainer is that they do not sell any shares until at least a partnership ( a worthy partnership for shareholders) is signed and sealed and that is the only way that anyone should have any respect for them IMO only.

[lonc17]

I completely agree with you. But sadly, given the state of the company at this time and MC and KL's histories, I expect both to dump at least 100,000 shares each (after conversion of options) so as to not be personally out of pocket even one penny. Look for SEDI to show shares held by them to increase by about 50,000 (not 150,000) And if this happens everyone should understand it is a

[inthno]

I kinda agree and disagree at the same time as I still think that a deal will or should be done within the next 3 months or there is no way that their mid year time line for the panc to start could happen, Really another missed timeline...so the partnership or heaven forbid BO would or should add great value but it they sell their shares before any of that happens then I am voting everything I

[ONCInvestor]

Ouch. It's painful (and pathetic) that I own more shares than some on the management team. For myself, I will never again invest in a company where management has such low ownership. And no, options are not the same as having money are risk.