RE:RE:OptionsThe 240,000 options with a strick price of $1.74 as shown on SEDI are a bit fishy.
The were granted in December 2013 and I can't quite match the share price at that time with the strike price of the options, even with accounting for the future reverse split. My thinking now is that those options are actually priced at about 9 x 1.74 so perhaps we can ignore them as worthless.
But there are still 175,000 options with a strike price of $1.45 and these expire in two days, on Wednesday December 13th. I am certain that MC has no interest in holding 175,000 shares of this sinking ship!
I predict that MC will be hitting the ATM full throttle over the next two days in a selfish effort to drive the price down below $1.50 CDN at which time he can avoid the future financial pain of holding shares in ONC. His hope would be to have his December 13th options expire worthless (because he would be in a position of having to hold the shares if converted). He likely knows better than anyone that dreams of a P3 in any indication are dwindling fast and almost unachievable for this POS after 25 years of mediocrity.