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OncoSec Medical Incorporated Message Board

  • bullchinashop426 bullchinashop426 May 21, 2013 3:14 PM Flag

    A general question of OTC stocks...

    This is my first real OTC market purchase, anyone care to enlighten me on the process of a stock moving to the real exchange? I know they don't tend to do so until after they are valued over $1...just curious

    Sentiment: Buy

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    • The list of requirements has many variables, the best thing to do is to go to the exchanges' websites and read the requirements they list. The kicker is that even with all the different possibilities for uplisting, a company can always apply for an exception. It is worth the time to read the individual exchanges' requirements.
      Regarding ONCS uplisting, they have stated on several occasions that they intend to let the share price rise organically rather than reverse split.
      If a buyout/acquisition occurs then the point is moot.

      Sentiment: Strong Buy

      • 1 Reply to brotherbear44
      • Thanks. I was sort of speaking in 'worst case' scenarios where you often see a reverse split, but that would be great if it is so, there is going to be no reverse split. I reduced my holdings a bit, so I would hate to go from the thousands of shares to the hundreds for sure! When I heard that Sheff character bought in, I wanted to be lighter in case, he would sell taking others with, if there is an oversold drop, I will be ready to add in heavy again. But, maybe I will not be so lucky to add again.

    • It will take either

      1) Great news (maybe in July) that moves the stock up, over, or near a buck, and possible partnership with cash infusion.

      2) combo of the above and/or a reverse split, maybe 1-10 over a buck and listing on an exchange like Nasdaq.

      And a buyout is possible too. I just would not short so cheap a stock as this.

      Sentiment: Strong Buy

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