Most stock consolidations have been disasters for investors but even the horror shows have traded higher than the pre consolidation stock price at some time before plummeting. I was a large share holder in CAI and sold prior to the disaster whilst the stock price was trading much higher than the pre consolidation stock price as an example.
As non-dilutive funding is not a option right now it seems, this is best way to go with around 4.6 billion shares SOI and funds required. Recent additions to the team , CFO , Company Secretary andnon executive director are going to assist with better cost management.
Fundamentally Oncosil has never looked better imo and there is a still a decent possibility of some success here for some investors depending on your average buy in price. Once disgruntled investors have exited due to this consolidation being perhaps the final straw , things could turn around depending on the quality of future high impact news updates. Oncosil must improve dramatically its PR skills as they are horrible at selling the story.
OSL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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