Heres the second version of my amazing DD post whi
Post# of 1023
Lets all be adult here. That's 'a.d.u.l.t'. Meaning, the post below is purely opinion, not fact, and purely opinion. Oh, did I say 'not fact'? I'm sure someone will still say, "OH WOW! AWESOME FACTS!"
So, pretty much, what I have been able to find is that Oncoscope is now a subsidiary of Spectrascience and will remain Oncoscope. If this is true, GREAT news for us, because despite the chapter 7 bankruptcy, it may mean SCIE is so confident in sales that it was more lucrative for Oncoscope to have undergone private company restructuring and avoided bankruptcy.
"Oh heck no, Joey68. You did NOT just go there! snap snap snap "
If this is what happened, what does this mean?
I HAVE NO CLUE! Ok, I may have 'a' clue...
It means SCIE is still a publicly traded company which owns a private subsidiary. Buuuuut...is this even possible? Can a public company have a private subsidiary??
Uh, ya! It happens all the time; like fer sure dude.
Oncoscope was a private company and will remain a private company. It cant go public anyways because that would mean its shares, if they have any, (private companies can have shares) would be offered to the public. And believe you me, that isn't going to happen.
How do I know this? What, you don't believe me!?????
Keep reading..
So what is a subsidiary? Although it sounds like a sandwich floating in milk (sub...dairy.... work with me here), it is NOT a milk soaked sandwich!
Quote:
A subsidiary is a company that is owned or controlled by another company aka the parent company
Which means SCIE possibly a parent company which owns Oncoscope.
My opinion, and duh, I could be wrong.. (don't be like, "Joey68! I invested a BILLION dollars in SCIE and lost it all because of you; because hello, read my disclaimer below), its possible part of the agreement between SCIE and oncoscope was to give it a major overhaul; pretty much keeping the good stuff and ditching the bad. If this is the case, it could mean SCIE acquired Oncoscope for much less than if it was a pure acquisition. Could you imagine if SCIE had its own subsidiary!? That would be amazing. It could mean tax breaks, less risk for the parent company... and lots more jazz.
So yes, this is my thought. notice I said THOUGHT! not 'fact'. work with me people.
And youre still probably asking, 'Dude... where are you getting this information?"
Right here, on Bloomberg's website which was updated just today
http://www.bloomberg.com/research/stocks/priv...d=36766407
Quote:
As of February 23, 2016, Oncoscope, Inc. operates as a subsidiary of Spectrascience Inc.
SpectraSCIENCE Inc. (SCIE) Stock Research Links
http://investorshangout.com/Joeys-Investment-Board-91611/
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