Replies to post #13752 on Oncolix Inc. (fka ONCX)

[zen222]

Oncolix has cash, ergo they are not "broke". Case closed!

broke
/brok/
1. having completely run out of money.
synonyms: penniless, moneyless, bankrupt, insolvent

[BLight1911]

"May impact" and "is impacting" are not the same thing. Words have meanings.

[laraz5]

4.1 million debt and that only gives them operating costs til the end of 2017?

Then they have to try and find more financing

This is a pyramid scheme AEPP a disgusting display of what Bernie Madoff was supposed to teach people

We have experienced negative cash flows from operations since the commencement of operations, and we expect these losses to continue into the foreseeable future as we continue the development and clinical testing of Prolanta and seek regulatory approval to market products. In August 2017, we completed a debt financing through the issuance of the convertible notes (the “August Notes”) that should fund operations beyond the end of 2017. See Note 5 of Condensed Notes to Consolidated Financial Statements in Item 1 herein. 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. Accordingly, our continued operations are dependent on our ability to raise additional capital through the sale of equity or debt securities or through the licensing of our products. In the event we are unable to raise sufficient funds, we would have to substantially alter, or possibly even discontinue or curtail operations, or sell assets at distressed prices. This uncertainty raises substantial doubt about our ability to continue as a going concern, as noted in the opinion of our independent registered public accounting firm in the audited financial statements as of December 31, 2016. The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

IMO