Just a Healthy Reminder About ONTX: They Could Still End Up Voting for the Split Anyways



As unlikely it seems, there still exists a chance that they could end up approving this reverse split anyways.

Based upon what they said in their most recently filed proxy statement, that seems to be unlikely, but who knows, they still could, and that of course would be terrible!

Just a heads up!

“As previously disclosed in the June 10 Proxy Materials, the Company expects it will withdraw Proposal 2 at the Reconvened Annual Meeting based on stockholder feedback and will defer any reverse stock split until topline data from its pivotal Phase 3 “INSPIRE” trial are announced (expected during the second half of 2020), or as required by Nasdaq.”

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