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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 > Question on new share issues
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Post by gandalf431 on Sep 20, 2023 1:15pm

Question on new share issues

I am a 20 year shareholder and have held both Canadian and US shares of ONC/ONCY.
I may have missed it, but don't believe I have ever received an offer to purchase any of the new share issues (don't read all broker comms as well as I should).

2 questions:

1. has anyone received an offer to purchase any of the new share issues?
2. if you were recently offered shares at $2.20 US with a free 60 month warrant at $2.80, would you buy?

I would think if ONC wanted to reward existing shareholders, they would offer some new shares to us.
I welcome insights or opposing views.
Comment by canadafan on Sep 20, 2023 4:15pm
Great question. My best understanding. The recent $17million is shares was brokered & most of it was sold to " a medical based institution". There was no public offering of the shares. It was a pre- arranged bought deal.
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