Interesting stuff about Oncoscope's History and wh
Post# of 1023
Posted On: 02/24/2016 10:47:58 AM
Interesting stuff about Oncoscope's History and what may have led to them going bankrupt / looking for someone to buy them out:
There is so much information out there about Oncoscope that I can't sift through it all on my own, so the accuracies of this information should be taken with a grain of salt . Also, remember this information doesn't affect Spectra Science directly as all of this stuff was from years and years ago.
So anyways..
I found a bunch of SEC filings, SEC FORM D, SEC FORM D/A, things about Seed funding, etc etc.
Now, keep in mind this stuff is years old. It appears that Oncoscope got funding from Applied materials as Venture Capital in order to get money to startup their small businesses (or at least try to grow their business). Seeing they were founded in 2006, they probably (like most small businesses) had a hard time getting off the ground on their own).
This would be completely normal . Thousands of small businesses seek funding from VC.
The interesting thing, and a good thing for us, is that I think Oncoscope failed to repay their debts to Applied Ventures and this, along with mounting interest due to unpaid bills, is what led to their demise. This further enhances my belief that the company has internal issues and not necessarily technology issues.
We already know Applied Materials had a relation with Oncoscope. That much is fact.
http://www.appliedmaterials.com/company/applied-ventures
It is my assumption that this bankruptcy happened because Oncoscope (lets call them ONCO for short) couldn't repay their debt.
This link shows $2 million dollars in seed money.
Form D
https://www.sec.gov/Archives/edgar/data/14208...ry_doc.xml
But then, and it adds further fuel to the possibility that they were poorly managed, slightly over one year later, on October 15, 2012, Oncoscope offered $1,000,000, sold $449,964 of it (which means they raised $450,000), and had $550,036 remaining to be sold.
I'm assuming what this means is they took on debt to keep their business going.
Notice this time on the SEC filing below, that the DEBT box has been checked, and NOT equity. This clearly shows ONCO was raising Debt Financing.
https://www.sec.gov/Archives/edgar/data/14208...ry_doc.xml
Although this is all pure speculation, what we do know is that debt financing is when a business chooses to go into debt in order to get the money needed to continue operating the company.
Keep in mind this was 4 years ago, so everything said regarding this form is completely obsolete and meaningless.
So whats the point of all this mumbo-jumbo?
Right now, I'm not really sure. It's too early to tell. Pretty much, I think Spectra Science was at the right place at the right time and bought out a company that couldn't figure out how to properly market their product and couldn't manage their money.
I think Oncoscope went into debt as a last ditch effort, and failed.
I think management at Oncoscope failed to deliver and that is what ultimately led to this acquisition/merger.
And I think Spectra Science is going to benefit from the many years Oncoscope put into their technology. It's also possible they spent all of their money making such a great product that when they stood up to stretch, they realized they had no money left over for marketing (all speculation). Time will tell.
There is so much information out there about Oncoscope that I can't sift through it all on my own, so the accuracies of this information should be taken with a grain of salt . Also, remember this information doesn't affect Spectra Science directly as all of this stuff was from years and years ago.
So anyways..
I found a bunch of SEC filings, SEC FORM D, SEC FORM D/A, things about Seed funding, etc etc.
Now, keep in mind this stuff is years old. It appears that Oncoscope got funding from Applied materials as Venture Capital in order to get money to startup their small businesses (or at least try to grow their business). Seeing they were founded in 2006, they probably (like most small businesses) had a hard time getting off the ground on their own).
This would be completely normal . Thousands of small businesses seek funding from VC.
The interesting thing, and a good thing for us, is that I think Oncoscope failed to repay their debts to Applied Ventures and this, along with mounting interest due to unpaid bills, is what led to their demise. This further enhances my belief that the company has internal issues and not necessarily technology issues.
We already know Applied Materials had a relation with Oncoscope. That much is fact.
http://www.appliedmaterials.com/company/applied-ventures
It is my assumption that this bankruptcy happened because Oncoscope (lets call them ONCO for short) couldn't repay their debt.
This link shows $2 million dollars in seed money.
Form D
https://www.sec.gov/Archives/edgar/data/14208...ry_doc.xml
But then, and it adds further fuel to the possibility that they were poorly managed, slightly over one year later, on October 15, 2012, Oncoscope offered $1,000,000, sold $449,964 of it (which means they raised $450,000), and had $550,036 remaining to be sold.
I'm assuming what this means is they took on debt to keep their business going.
Notice this time on the SEC filing below, that the DEBT box has been checked, and NOT equity. This clearly shows ONCO was raising Debt Financing.
https://www.sec.gov/Archives/edgar/data/14208...ry_doc.xml
Although this is all pure speculation, what we do know is that debt financing is when a business chooses to go into debt in order to get the money needed to continue operating the company.
Keep in mind this was 4 years ago, so everything said regarding this form is completely obsolete and meaningless.
So whats the point of all this mumbo-jumbo?
Right now, I'm not really sure. It's too early to tell. Pretty much, I think Spectra Science was at the right place at the right time and bought out a company that couldn't figure out how to properly market their product and couldn't manage their money.
I think Oncoscope went into debt as a last ditch effort, and failed.
I think management at Oncoscope failed to deliver and that is what ultimately led to this acquisition/merger.
And I think Spectra Science is going to benefit from the many years Oncoscope put into their technology. It's also possible they spent all of their money making such a great product that when they stood up to stretch, they realized they had no money left over for marketing (all speculation). Time will tell.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
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