I have seen others posting emails from Redman on this board and other forums (not IHUB) which are discussing ONCX...
Examples below:
Hi ABC,
I believe the PPS is held down due to the structure of the Notes, which require repayment starting on May 1. It is the company's top priority to address this issue, which should be resolved very soon.
Michael
Dear XYZ,
The company has not yet released any trial results from the mid-dose patients. We previously disclosed all of the low-dose patients were treated.
In my opinion (top priority), Oncolix needs to address the principal note payments that are due commencing in May of this year. Oncolix is working diligently to resolve this issue and I am confident it will be addressed.
Michael
These suggestions the company is working on this (all public info) along with the S1A filed yesterday which says:
In August 2017, we completed a debt financing through the issuance of the August Notes which are expected to fund our operations into April 2018. The August Notes mature in seven installments during 2018. We are currently seeking financing that would fund repayment of this debt and fund operations through at least 2019.
Redman is likely ironing out the details of finanicng which would ensure ONCX can finish PHASE 1, after which (assuming good results) cash won't be a problem and the stock will be way beyond what it is now...
IMO GLTU
