Oncolytics Biotech Inc T.ONC

The silence is deafening….

[Peladawn]

....about the events of the last few days...Am I the only one that thinks there is NO WAY that this 30 million share volume spike had any thing to do with just a normal, run-of-the-mill, ATM capital raise?!....there was no formal announcement, the trading action couldn't have been more unusual and totally uncharacteristic, and the timing of it, makes absolutely NO SENSE whatsoever!.....and yet nobody is talking about it, is the strangest part of all!

[Journeytc]

Im hoping oncolytics for first time ever has a single investor with lots of skin in the game, money they invested.. not royalties or shares or options granted. Theyll want a return on investment measured by an increase in share value.   A alien metric to the ONC board and executive. 

[Peladawn]

Journey.....that's what it looks like, far more than the ATM theory...I think some institution that's been on the fence, cabling in a few shares here and there, finally decided to go all in....plain and simple...no news release required...we'll only find out for certain, when next month's institutional holding report comes out.....which makes me wonder.... how much longer before

[canadafan]

In my 24+ years of following Onc , they have never commented on SP trading. recall, the spike in 2019, Dec. In Canadian $$ on TSX, price went from ( about .dont trash me if I'm out by a few, I'm going by memory), from about .80 CDN to over $5 CDN in a few weeks. leading into the last trading day if that year. During that run, the TSX automated haults kicked in 2x for sure, maybe 3x

[venture009]

Pela "An investor whose “securityholding percentage” crosses the 10% threshold in voting or equity securities of a reporting issuer must: Promptly, and in any event no later than the opening of trading on the business day following the triggering event, issue and file on the issuer’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) a press release containing

[Peladawn]

So, Venture.....according to you, an outside investor, or two or three investors, maybe non of which might have individually crossed the 10% threshold, have to report the transaction immediately, but the company can just go ahead and dump 30 million shares on the open pre-market, and they don't have to whisper a peep to shareholders about it?......that seems just a slight stretch, even for you

[venture009]

Yes. If they are working together, which they would have been doing, they have to report.

[Peladawn]

Cmon Venture......sure, IF they admit to working together.....I know it would be hard to believe that anyone on Wall Street could contemplate bending any rules!.....but again....you're trying to tell us that the company can just go ahead and dump 30 million shares, and doesn't have to mention a thing?

[venture009]

Rather than debating with me check the sec laws. You'll see I am correct. Logically think about it, a group wanting to control a company would just gang up and decide the future of the company, and minority/retailor would have no say.

[Peladawn]

I don't have to debate you on anything!....They're in the middle of the JPMorgan conference. Who's to say that 3 or 4 separate individual rivals didn't step up make an investment in the company and they each invested just under the 10% threshold.....you haven't any more knowledge as to what took place a couple days ago than anyone else.

[Buckhenry]

And you peladuffus don't have any insider knowledge to share.. or any other knowledge fir that matter... everyone just cool it and wait. Remember in the words of the pumpers... price does not matter and be patient 

[Peladawn]

Buckhenry.....I don't recall I was speaking to you....so keep your insults and your orders to other posters to yourself.

[Buckhenry]

So you can keep putting others down that don't agree with ur woke narrative... I'm here till they sell or go bankrupt... have a nice day. 

[Peladawn]

Buckhenry....it's all you ever do is put others down that don't agree with you as demonstrated by your last two posts.

[Buckhenry]

Just you mostly peladuffus... I suggest you go back and meditate on your last numerous posts.. On another note... I tend to agree for once with canadafan's last post.. I can't believe I said that.  I think we will have clearer direction by end of January. 

[venture009]

Pela when have they ever made any announcement that they are using the ATM. Never, they don't have too.  I wish they did there would be less inclination to use it.

[Peladawn]

Ok Venture......."When they are using the ATM".....like you and the rest of the boiler room are always trying to implicate they are doing, and according to you, they always do it without reporting, why are there still only 77m shares outstanding?

[Peladawn]

Plus, I don't care what you say....I still don't believe for one second the company can dump 30 million shares without being required to mention it to shareholders.

[inthno]

This is just a theory but  nasdaq trading is 2 business days for settlement and imo there is no way that retail could have absorbed 30 million shares through the ATM so someone or some entity had to buy. It is possible that since the settlement is 2 days which would be today then whomever would have to declare by I believe Monday next week.. Something is in the works and we should know soon

[Peladawn]

Ok ithno .....so we have at least 3 of us in agreement that it was very likely an outside entity that stepped up and invested and it had nothing to do with the ubiquitous "ATM" that the bashers are always trying to tell us is to blame....and I agree also with you, that we will find out what the heck is really going on this coming Monday.

[inthno]

personally I believe that it would have been a single entity, because if there were multiple people bidding then the price would have spiked and stayed higher so something must have been arranged, how they did it was quite amazing to keep the price where it was

[Peladawn]

I agree with pelaboost...it was the first step toward a buyout (or a partnership)....and you're right...multiple buyers would have raised the sp considerably......and it could explain why the "team" was at JP Morgan, and to Canadafan's theory, Notable's silence....lol.

[Buckhenry]

Fear and speculation drive the market!!!

[CMHarring218431]

No PR on Monday.... it's a US Holiday, The Inauguration Of Donald Trump! Oops, MLK Day

[Buckhenry]

Canuckcluck... if you put me on ignore you would be able to see posts. But ur not the sharpest tool in the kitchen... geez. And you broke ur NY promise to boot. Bad karma. 

[itntdf]

ATM facility On June 17, 2022, we entered into an ATM equity distribution agreement with Canaccord Genuity Inc. The ATM allowed us to issue common shares, at prevailing market prices, with an aggregate offering value of up to US$65.0 million over a 25-month period through the facilities of the Nasdaq Capital Market in the United States. Approximately $66.6 million (US$48.6 million) remained

[laroplex]

You know we can all speculate till the cows come home....BUT....Whomever been here for decades plus will know that 30 million in US volume, something is afoot, no question ask(never sen that high ever)....It can't be fckery like the bashers suggest, no ways.....i say we will get a very clear picture immediately after the 25th of this month or soon after...Now, btw, who's the idiot that

[Buckhenry]

Don't care where unnoteable went... but why don't you go where he went..

[Peladawn]

Laroplex.....that's a good point you brought up......the volume was almost solely on the Nasdaq!.....one would think that a normal ATM capital raise would affect the volume  on both the Nasdaq AND the TSX....so we should have seen at least 3 million share volume on the Canadian side, but it was only just slightly above average at about 250K........HMMMM.......Velly interesting!.....

[spesestsemper]

There was a little institutional buying on the american side on the 14th and 15th ONCY - Oncolytics Biotech Inc. Stock - Stock Price, Institutional Ownership, Shareholders (NasdaqCM) There was almost 3 million shares with short action on the 15th ONCY Short Volume - Oncolytics Biotech Inc. There was a large cross trade mentioned on another board on the 15th . Trying to find a linkable page