Post by
SundayMovies on Mar 10, 2023 8:39pm
ONCY share buyback?
Could be a nice move if ONCY buyback some of its own shares.
Spend a million here and boost SP during this storm.
Also we are months away from the Adlai Nortye licensing cash. As soon as ONCY starts PIII, we get some money.
Comment by
jimsenior on Mar 11, 2023 10:16am
The capital is perhaps more useful at ONC/ONCY than in their stock. Canadian banks blew 19.7 billion at SVB. Let us hope we have no exposure. I do not think it is unreasonable to assume that the recent selloff is at least partially attributable to SVB. In fact quite likely. Holding strong.
Comment by
jimsenior on Mar 11, 2023 12:25pm
SVB is 4 minutes or 0.6 miles away from ONCY. Union Bank is right in their building at 4660. So no exposure is likely; once ONCY confirms that I shall declare my sanguineness towards the firm. later