Oncolix Inc. (fka ONCX)

[reaper247]

Thank you namtae for reminding me that when ONCX renegotiated the initial $4.3M note, they secured an additional $1.2M in financing.

That is an important detail and I apologize to everyone for the mistake.

Instead of a $4.3 note, it is roughly a $5.5M note.

I do believe my initial point is still valid.

The current ONCX market cap is currently lower than the value of outstanding notes.

That hasn’t changed.

Moving on.

Having around 200m shs I&O may or may not be accurate but it doesnt matter..

So we are gonna have a debate regarding market capitalization and some people don’t even know what the O/S actually is? LOL…

If I am wrong on the O/S please correct me. I looked at it. Its just south of 200M. Period.

I am trying to have a conversation based on facts.

Market cap is based on the O/S in relation to the PPS. It is simple math that is not up for debate.

Its not based on A/S, preferred shares, warrants or derivatives.

Its based on the O/S and PPS exclusively.

This is important, because it eliminates any speculation and hypotheticals like this one.

To put in perspective, if Oncolix has 200m I&O, then raises another $500m by issuing convertible debt, options, warrants etc that convert into another 15 billion shares, yet some will still be figuring its market cap using 200m shares I&O because those derivatives havent converted yet .. Its ridiculous!!

It’s a simple truth that cant be spun or debated away.

Market Cap is where we stand at this time. Not where we could be 6 months or a year from now.

For those who are paying any attention at all, lets remember that when ONCX renegotiated the terms of the note, it included deferred interest payments and equity repayment until April 2019.

If we have good news regarding the second cohort of Prolanta phase 1 FDA trials that could potentially spark a rally, those note holders wont be able to convert their preferred shares and dump into the rally.

Which brings me back to my initial point.

An ONCX market cap of $100M, is a gain of over 3000% from current levels and gives us a realistic target of a $.50 with the current share structure.

I apologize to ihubbers everywhere if my point wasn’t clear.

Hope that helps.

Apologies for the long post as well. I am trying to keep them short.

GLTA, IMO and FWIW.