Seems the latest news was exactly a year ago...
the last 2 filings raised the number of shares Authorized to 250,000,000,000
but then the next one in March 2019 said this:
Item 5.02 Departure of Directors or Certain Of?cers; Election of Directors; Appointment of Certain Of?cers; Compensatory Arrangements of Certain Of?cers.
Between March 6, 2019 and March 11, 2019, Oncolix, Inc. (the “Company”) received the resignations of Dale Zajicek, Jerry Youkey, Sherry Grisewood and John Holaday as members of the Board of Directors. As noted below, Michael T. Redman, President and CEO, has converted from a full-time, partially compensated employee to a part-time, partially compensated status.
Item 8.01 Other Events.
On March 7, 2019, the Company received a notice of default under its license agreement for CycloSam, its product candidate. The default references a milestone payment currently due under the license agreement. The Company does not currently have the financial resources to make the requested $50,000 payment, or to continue $7,000 monthly payments under the license.
The Company has been unable to finance its continuing operations and can no longer meet its continuing obligations. As a result, the Company expects to discontinue its operations in the immediate future unless additional financing is obtained. Substantially all of its assets are pledged to the holders of its convertible notes.
I really am not at all sure if these shares will still be worth .0001 for much longer....
AI
