Oncolix Inc. (fka ONCX)

[BlackDoggie]

Completely standard language - this is in the filings of every small company without a fully built out system of internal controls, an audit committee, etc. Hard to have dual control, three lines of defense, etc, when you're a ~5-person company. It's a routine disclosure that they have to make as a public company lacking those things, and presents zero additional concern over and above the general attention one should pay to the finances of any small company.