Oncolytics Biotech Inc T.ONC

Today’s Disaster

[13X2413]

This from today's release........"advised the company that it is implementing a strategic re-evaluation of the Precision PromiseSM program and will not be adding any new investigational therapies to the platform until the re-evaluation is complete. Oncolytics and PanCAN had previously planned to initiate a Phase 3 trial using the Precision PromiseSM platform in H1 2024."

Translation = Not happy with the direction it was heading with ONC. 

[Peladawn]

Or.....perhaps the very positive Goblet results (re: same day announcent) made them realize they need to re-evaluate

[13X2413]

The can't be anything positive hiding in today's news. The price action today is a clear indication about how the market perceived it.  If you listen closely, you can hear my money going down the drain. 

[ONCInvestor]

Today was a gut-punch and there is no way to spin this otherwise. After Bracelet, I had intended to decrease my holdings, but reversed course after the PanCAN announcement in June. I thought finally we were getting some traction on a P3. I am actually at a loss for words about this management team. That includes the board, btw, who are apparantly A-OK with management, (a) announcing a partnership

[venture009]

ONCinvestor, I missed the part where it indicated there will be no partnership, infact I read the opposite. Could you please refer to the passage that this was suggested. If this is true then this is diffently a punch to the gut.