Oncolytics Biotech Inc T.ONC

Increase of Options from 10% to 14% of outstanding Shares

[Proboscises]

This is discussed in the Management Information Circular.  It would increase options issued to insiders by about 2.9 miilion.  They say it is needed to match peer industries and retain and incentivize key personnel. This resolution will be voted on.  They describe the voting process and it sounds legit. 

Is this a further sign that ONC expects a deal to happen?
Is an increase in options needed to properly incentivize say James Parsons and Johnathan Rigby?
Will increased options give further incentive for ONC to consumate a deal now?
Is this just another means by which the already well-healed insiders accumulate more for themselves at the expense of investors?
How persuasive is management's rationalization for increased options?

Let the free speech begin.

[KTDfyi]

This is something that caught my attention as well and led me to these beliefs you stated. 

[megaflop]

I voted to withold my approval for all the proposed inceases in shares. Enough already!

[Noteable]

Management hasn't done enough for shareholders to warrant such an increase.

[Noteable]

I cannot emphasize enough that neither management OR the Board of Directors for the company have done anything for the sharholders to warrant such an increase.

[fox7mf]

Exactly. No increase should be forthcoming. The BOD has provided nothing but empty promises. Again, at the end of Oct Coffey said the next 6-8 months would be the most important and exciting in their existence. To me this suggests a culmination to the Onc story. The SP would suggest otherwise. If I were to guess, I would say a b/o isn't on the horizon, and may not ever happen. Maybe we get a

[Noteable]

Coffey also kept using a confusing analogy pertaining to a "bank robbery" which was strange turn of a phrase for a CEO of a company but we can now see what he meant by his repeated use of these puzzling metaphor and what his thoughts and intent appear to be.

[westcoast1000]

I will certainly vote against that. 

[TMAZZ21]

How about making pending on a buyout,  So if we get anything near a 3 or 4 Billion buyout then they have earned their rights otherwise go and get another job and pound the payment! Get real! Let's see something tangible, haven't heard from Canadafan in a while has he flown the coup? 

[TMAZZ21]

Should of read - pavement, why doesn't stockhouse have an edit feature!

[Buckhenry]

These dreaming pumpers have mislead folks for years... especially  canuckfan and unnoteable. I pity their blind followers. If you go back and read the posts  over the last 3 years you will see they were leading the lambs to slaughter  with 5 to 10 billion buyout claims.  Have not heard a peep about buyout opportunities  lately.  

[inthno]

Ok, so let's see, it it needed to incentivize and retain key personnel. Hmmm, if they are so confident in the product and are supposedly working on a deal for a partnership and or BO, then I personally do not think that anyone is going anywhere especially if it is as close as Matt is suggesting when he says that he expects or hopes for the 2 phase 3 trials to start this year, Parsons and Rigby

[inthno]

What I would really like to see is management give all of the shareholders options for all their support to the company and then I would be okay with them getting their options. KInda sounds like a good deal all around for a change.

[Noteable]

inthno- if you haven't received your "package" then you aren't a shareholder since the details have been emailed to each registered shareholder by ONCY's proxy agent.

[inthno]

Not true as I have share in 3 different accounts and had issues last year and they tried to fix it and not an issue I am going to debate as I have been a shareholder since 2000 and gone to almost every AGM in Calgary.

[Noteable]

All true.

[Proboscises]

Noteable, you have jumped to the wrong conclusion re. inthno.  I have known him from my own attendance at Calgary AGMs since the early 2000s.  I probably met inthno at 3 or 4 Calgary AGMs, the last one being in 2013. Like inthno I also have not recieved my AGM package in the mail though I have most other years.  I will try to get that straightened out tomorrow.

[fasttrack5]

If you give email. Address in the settings you would have received your package on line as I did and received. RJ

[Noteable]

Proboscises - Aren't you the one who started this thread? And becaue you started this thread how would you know what is in the proxy circular if you did not receive the AGM package "in the mail". Are you purposely trying to mislead those on this message board, because what you have done and what you now say just don't add up.

[Noteable]

The proposed option expansion would have ONCY issuing new shares that would be set aside for managment which in fact would increase the number of fully diluted shares that have been issued from the company treasury (also known as the 'float'). The undisclosed reason that this AGM item is being put forward is because the stock  price has precipitiously fallen to a level that

[Noteable]

And yes ... exercising the ATM follow-on offering, as ONCY is doing, and issuing increasing managment share options both act to increase the total number of shares issued thus diluting existing shareholder ownership.  When the number of shares outstanding increases, each existing stockholder owns a smaller, or diluted percentage of the company, making each shareholder-held share less