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Oncolytics Biotech Inc. Message Board

  • bollingr_band bollingr_band Feb 27, 2014 6:40 PM Flag

    Why doesn't LPC just buy on the open market ?

    LPC should just load up at this discount price level, especially there is no discount offered in this arrangement?
    When the price goes over $2- ONCY can tell LPC to buy at higher price?
    That makes no sense at all ?!

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    • Perhaps Lincoln plans on supporting the price at this level by buying more shares at the open market. As the price rises, and ONCY decides to exercise the purchase commitment, Lincoln could buy those shares and sell the shares that it is currently buying to offset the dollars. It is all good.

      Sentiment: Strong Buy

    • Q1 - They don't have too. The PPS paid is 1.664 for a total of $1M which dilutes the stock further by ~600K. Oncy also states that further dilution is possible but again the PPS shows what the "great deal" does for Oncy & the shareholders. Q2 - Let us all hope that Oncy can tell them to buy above todays close! My guess - they needed to meet the payroll. PS- anytime someone answers their own posts - beware!

      Sentiment: Hold

    • "LPC should just load up at this discount price level, especially there is no discount offered in this arrangement?"

      Likely because the acquisition of shares in the open market would drive the share price of the company up significantly thus precluding an interested party from taking a large position in the company at a more than reasonable (discounted) entry level. It all comes down to supply and demand - and in this case - the more you want, the more it will cost.

 
ONCY
0.5892+0.0591(+11.15%)Sep 4 3:58 PMEDT