r/ONCO, ONCONETIX INC - shareholders are completely “eaten up”.Reverse Splits 1:10
ONCO shareholders are completely “eaten up”.
According to the signed agreement, after the merger, Realbotix owners will control between 75% and 90% of the shares of the combined company. Current ONCO shareholders will be left with only 10-25% of the pie.Realbotix owners (get cheap and fast access to stock market capital) and ONCO's main creditors (save part of their investment).
The contract with Ericsson is real, but it is a development of Realbotix, which ONCO hopes to fully take over in the fall.
u/Alternative-Bag9903 — 2 days ago