ONCX will need more $$ soon, very soon
Most likely way they get it, if they get it, is at lower prices than the last round. Looks like .01 right now.
Whatever they can raise will adjust conversion prices down for all the previous rounds of convertible debt, warrants & preferred.
So, if $6m in convertible debt is convertible at .03/sh = 200,000,000 shs and gets adjusted down to .01, due to the next funding round, that now can convert into 600,000,000 shares
Ditto for outstanding warrants & preferred.
While this mess is going on, dont forget the Notes start coming due early 2019. Then this entire mess gets redone again!!
All the while, not a word about the mid dose study. My guess, its been a disaster or we would've heard something by now - not a word since January
