RE:KTRA flying to the moon on one FTD Kintara Announced One-for-Fifty Reverse Stock Split in November - go figure.
https://www.prnewswire.com/news-releases/kintara-announces-one-for-fifty-reverse-stock-split-301675130.html
Kintara is one of the Hedge Funds favorite Pump & Dump stocks - according to Yahoo.com
https://finance.yahoo.com/news/10-pump-dump-stocks-hedge-144707244.html
As yahoo reported:
"To illustrate the risk pump and dumps may carry, consider that on August 30, the US Department of Justice issued an arrest warrant for Frederick Sharp, the key accused in a pump and dump scheme and accused of $1 billion worth of illegal sales of stock in penny stock firms. Investors should be cautious of these schemes. For those who want to take advantage of the rise in interest around meme stocks, some shrewd investing techniques can also help turn a tidy profit. For example, following smart money is almost always a good choice.
However, these hedge funds, which managed close to $5.1 trillion in assets in 2022, are also pouring into pump and dump stocks to make some easy money. The advent of tech-enabled stock trading has transformed the stock market and made these schemes more mainstream.
On August 3, Kintara Therapeutics unveiled that it has signed a direct equity purchase agreement for up to $20 million investment with a Chicago-based institutional investor - Lincoln Park Capital Fund."
Lincoln Park Capital (LPC) is no stranger to Oncolytics Biotech given that during Brad Thompson's time LPC entered into a similar agreement with ONCY in 2014 that Kintara Therapeutic had announced in August 2022 with LPC.
https://www.newswire.ca/news-releases/oncolytics-biotech-inc-announces-initial-us10-million-investment-and-up-to-us250-million-common-share-purchase-agreement-with-lincoln-park-capital-fund-llc-513826231.html