I didn't say they were a "good company." I said they were still able to raise money in an offering. You brought up last July. They did an offering at "$1.50." The stock closed at $1.40 on July 25th. It was trading over $1.70 in September. A nice percentage move in a couple of months, if an investor was smart enough to take the money. That's the game. Take the money. You can't be stupid. You have to take the money! You sound like a "complainer." That's the difference between you and I. You complain, and ride stocks into "losses." Personally, I don't want to be a long-term "shareholder." I just "want the money."
If the company is so bad, how were they able to complete the offering and raise the money? (It's all about the money.)
The tax-loss selling is not yet over. I would think it could start moving later in the month. If not, then early 2014.
Sold my position today for a small profit. ONTX sure has some wild swings. Curious to see if it holds the "offering price" when it sells off again. Thanks again for the "input."