Oncolytics Biotech Inc T.ONC

Question for KWS-Canada-Westcoast -Ash

[HCallahann44]

So the yahoo message board is extremely negative about the prospects of ONCY...a lot of the chatter there seems to be from bitter owners who are stuck underwater for 20 years.....but one issue that they keep raising that seems to have merit is the lack of insider ownership. I looked into this and discovered that I owned more than some of the Directors of the company....a little troubling for sure. So I know Coffey gets royalties forever...but can any of you explain why the insider ownership here is so lame....if really big things were about to happen ===wouldn't these guys be loading up. I am inclined to lighten my position here....

[Capitalista]

I looked into that a while ago (I was surprised as well).  While many insiders are light on actual shareholdings, they do own a whack of options, as I recall.  Not sure when the options expire though. 

[HCallahann44]

thanks Capital ---yea its not a good sign at all in my view...but it surprises me given the potential of Pela....there are no secrets in life...if ONCY continues to founder...there must be a reason...and maybe the insiders know it.

[Hand2Hand]

The only question that needs to be asked at the AGM is when are they going to start the Phase 3 ? As I recall all they needed was the biomarker data from Aware-1. So now they have it. No more excuses. No more stalling. Just do it. Or at the very least arrange a meeting with the FDA. They don't need a BP partner to a least get the ball rolling.

[westcoast1000]

Replying to HCall, My view has always been that Matt holds a royalty on sales if the company is ultimately successful, because he is the only remaining founder. As for other senior staff and board members, I also recall they have substantial options. But that is less convincing or bullish than them buying shares. I am in one company where everyone on the board has shares, which is more