I am definitely no expert either, but this looks outstanding.
Not only did ONCX secure additional financing, but the terms of the new and existing notes state the interest on the notes are accrued until April 2019.
With an O/S of just 176M, with no real threat of additional shares issued for interest or equity on the notes, new investors can be confident that they wont be seeing slow drip dilution over the course of the next year.
This is a market cap of $3.7M on a company that should have a market cap of $100M.
A 1000% gain from here, would be a market cap of 37M.
A 2000% gain from here would be a market cap of $74.
That is still conservative in relation to others in the sector.
If I am wrong on this, I am sure someone will correct me.
Great day for ONCX.
IMO and FWIW.
