WarrantsA friendly reminder to those looking at the warrants. The excercise price and the number of warrants required to purchase a single share have both been affected by an earlier reverse split.
You need 9.5 warrants to purchase one share of ONC at $9.025 Canadian.
So, whatever price the warrants are trading at needs to be multiplied by 9.5 to determine the true price. They are no where near the bargain they appear to be. Unless you are hoping to sell them to the next sucker.
I hope this latest run is for real. EVERY time that ONC has spiked in volume over the past three years it has been the result of boiler room activity on the part of managment to artifically raise the price to sell into the ATM. Without news, there is no reason for this price spike and the massive new volume should send alarm signals to potential investors.
ONC management can not be trusted. Too bad, because the OV industry does have great potential.