Oncolix Inc. (fka ONCX)

[reaper247]

Bwahahaha…DayDreeming,

That is funny.

Here is the thing.

The Texas Treasury Safekeeping Trust Company doesn’t currently own any common shares.

Their interest of 59,776,909 shares is held in the form of preferred stock that convert 1:1 into common stock and warrants.

That equity interest converts into common shares at .0545, with almost half of that being held in warrants.

Warrants are essentially stock options.

Those who trade options understand executions/strikes.

If you own warrants with exercises @ .0545 and a current PPS of .041, it would be better to let them expire than take the loss.

Nobody is gonna be “chomping at the bit” to execute warrants only to take an immediate loss on the conversion and sale of common shares.

This is a dumb argument to have.

LOL, IMO and FWIW.