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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

Oncolytics Biotech Inc > ONCY share buyback?
View:
Post by SundayMovies on Mar 10, 2023 8:39pm

ONCY share buyback?

Could be a nice move if ONCY buyback some of its own shares.
Spend a million here and boost SP during this storm.

Also we are months away from the Adlai Nortye licensing cash. As soon as ONCY starts PIII, we get some money.
Comment by jimsenior on Mar 11, 2023 10:16am
The capital is perhaps more useful at ONC/ONCY than in their stock. Canadian banks blew 19.7 billion at SVB. Let us hope we have no exposure. I do not think it is unreasonable to assume that the recent selloff is at least partially attributable to SVB. In fact quite likely. Holding strong.
Comment by jimsenior on Mar 11, 2023 10:36am
To Myself. Our recent financial statement was expressed in Canadian dollars. Let us hope they had the good sense to leave all or most of the money in a solid Canadian bank. It is incumbent upon ONC/ONCY to make clear before the markets open Monday whether or not they have exposure to SVB and if so how much. AND No more talk of bank robbers; it is jinxing us. Stick with the apropos and ...more  
Comment by jimsenior on Mar 11, 2023 12:05pm
First I should say that I think it is unlikely ONCY is involved with SVB. I will be seriously disappointed if they are;  but there are egos involved, and that always troubles me. ONCY address - 4660 La Jolla Village Drive   San Diego SVB address -     4370 La Jolla Village Drive   San Diego If ONC/ONCY has been prudent with their capital, it bodes ...more  
Comment by jimsenior on Mar 11, 2023 12:25pm
SVB is 4 minutes or 0.6 miles away from ONCY. Union Bank is right in their building at 4660. So no exposure is likely; once ONCY confirms that I shall declare my sanguineness towards the firm. later
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