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Bullboard - Stock Discussion Forum Oncolytics Biotech Inc T.ONC

Alternate Symbol(s):  ONCY

Oncolytics Biotech Inc. is a clinical-stage biotechnology company. The Company is focused on developing pelareorep, an intravenously delivered immunotherapeutic agent that activates the innate and adaptive immune systems and weakens tumor defense mechanisms. This compound induces anti-cancer immune responses and promotes an inflamed tumor phenotype turning cold tumors hot through innate and... see more

TSX:ONC - Post Discussion

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Post by inthno on Mar 10, 2023 1:55pm

Atm

My concern at this point is that I heard that the company needs to maintain a certain market cap to be able to continue to use the atm and believe they may have fallen below that threshold. It was some time back but heard 75 million u.s. dollars. I cannot absolutely confirm this but was in general conversation with someone who has dealt with financing. So they for now have enough capital to carry them through 2024 so let's get this deal done quickly.
Comment by fasttrack5 on Mar 10, 2023 3:35pm
Not concerned, however another opportunity to add on at this level - way over sold imo. picked up another 2500 shares $1.73 cnd. not pumping, just stating the facts. RJ.
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