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Oncolytics Biotech Inc. Message Board

  • lifeisveryfunny101 lifeisveryfunny101 Jan 26, 2006 10:49 AM Flag

    So check this out...

    I saw this article this morning on this company...

    In the article it talks about how Mark Cuban is buying a controlling interest for .68 cents a share. Then I look this morning and I see this little company is selling for only .21 cents a share. I did not get in until the mid thirties... It's at .41 now. As I see it... it's got .27 cents more to go.

    Take a look... itek.ob

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    • Myddis,

      "R U worried SUF is scammish?"

      Since I am no longer in SUF, I am worried it is not a scam.

      Natural Gas up + 3% as I type, hmmmmm. Leader on the commodities board.

    • da wrote:

      "SUF (oil) made me about 350% (of total portfolio) and I am upset I did not re enter in the $6 range, look for a good day tomorrow $12.50 being the cut off."

      Like wise it has overall been well with SUF. But, Somewhere close to the extremes of a share being obscenely low and the point where you ask will this ever stop going up lies the battle between emotion and logic. After selling out just 2 cent below the high winner) this past Friday, re-entry at the 13's and got punished (loser). The damage was done and although I knew SUF in the 6's was a steal, yet too could not find the courage to pull the trigger and get back in till today (winner so far), so goes dreams of greatness.


      PS I am recovering quite nicely thank you.

    • DOA R U worried SUF is scammish?

      Are the attack pieces just full of it?

      Disclosure: Long

    • Life,

      Not trying to rain on your parade 'cause you seem like a nice guy but LOOK OUT!

      It seems there was a typo on the Dallas News article. I think it should have read 6.8 cents NOT 68 cents. If so, sell IMMEDIATELY, because this baby will come tumbling down.

      My reasoning... they have about 38 million shares outstanding so that when the stock is trading at $0.50, the company has a $19 million market cap. That means that Mr. Cuban is buying 95% of the shares or about 36 million shares for about $3 million??!!!!!??? I really think they forgot the decimal point to make it 6.8 cents, which would make sense to buy 36 million shares for 3 mil. If I am wrong, then the math definately doesn't pencil out.

      Good luck.

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