Post by
lonc17 on Feb 02, 2024 10:51am
Bankruptcy looming
ONC is on the verge of bankruptcy.
They are desperate for a partnership, though the prospects are dim after a 25 year search.
They have less than 9 months cash on hand, the least amount ever (as a time measure) in their entire history.
They have little possibility for a capital raise due to poor prospects. The last raise was a sh*tshow with a predatory hedge fund that shorted ONC prior to the private placement, surely a low water mark in this company's sordid past.
Their lousy CEO Matt Coffey recently quietly announced that ONCs fair market value is less than $1.45 CDN per share.
This company should now be trading for less than cash value, about $20,000,000/70,000,000
Comment by
13X2413 on Feb 02, 2024 11:19am
Didn't you read the previous post? We need positive news!!!
Comment by
Buckhenry on Feb 02, 2024 11:41am
I just feed off all the posts that unnoteable puts out!!!! Really helping that stock price... keep up the good work all you pumpers.
Comment by
Azzak34 on Feb 02, 2024 11:46am
We appreciate your little pep talk Buckster, it's the little people like you who make it all worth it.
Comment by
Azzak34 on Feb 02, 2024 11:20am
Quick everyone Ionc17 has found the missing piece of the puzzle. Get this out to the board quick, maybe they haven't thought of this.