Oncolix Inc. (fka ONCX)

[nonewname1]

This is what most of the posters here don't understand in my opinion. They could literally r/s the shares down to nothing and just issue themselves new shares for ownership and for new investors. I've seen it happen a few times. Not saying that will happen for sure, but it's a possibility, and that's why the stock isn't moving yet, we don't know what the ss will be moving forward. The board certainly doesn't owe any of the current shareholders anything, it's just a bunch of people trying to get rich off of their merger.

I said watch out for an r/s on this a few weeks ago and was met with many "lol's" and other posts saying it was ridiculous. But if the r/s is 3 for 1 or less than I would take a starter position here right away, until then it's on watch.

Also, there is this from the 13D, (most recent filing)

Oncolix is evaluating the feasibility and terms of a merger with Issuer as a vehicle for becoming a public entity. The Share Acquisition was made to maintain flexibility as Oncolix considers its options. Oncolix currently has no definitive plans for such a merger.

They are still evaluating their options.


Did anyone else think the wording on the 13D for the below was interesting? Why do they repeatedly disclaim beneficial ownership of the shares they acquired, is that common language?

As a result of being an officer of Oncolix, Redman and Payne may be deemed to be a beneficial owner of such 61,465,130 shares. Redman and Payne disclaim any such beneficial ownership of the 61,465,130 shares.