Post by
gandalf431 on Sep 20, 2023 1:15pm
Question on new share issues
I am a 20 year shareholder and have held both Canadian and US shares of ONC/ONCY.
I may have missed it, but don't believe I have ever received an offer to purchase any of the new share issues (don't read all broker comms as well as I should).
2 questions:
1. has anyone received an offer to purchase any of the new share issues?
2. if you were recently offered shares at $2.20 US with a free 60 month warrant at $2.80, would you buy?
I would think if ONC wanted to reward existing shareholders, they would offer some new shares to us.
I welcome insights or opposing views.
Comment by
canadafan on Sep 20, 2023 4:15pm
Great question. My best understanding. The recent $17million is shares was brokered & most of it was sold to " a medical based institution". There was no public offering of the shares. It was a pre- arranged bought deal.