Oncolytics Biotech Inc T.ONC

ONCY accumulated deficit (Tax losses applied to a buyout)

[Noteable]

ONCY's accumulated deficit a/o September 30, 2023 was approximately $442 million.

ONCY's estimated accumulated deficit a/o December 31, 2023 is approximately $450 Million. 

Consequently any buyout offer for ONCY would take into account the accumulated deficit of  approximately $0.5 Billion in the price for the company such that a US$ 7.5 Billion offer for ONCY would effectively be approximately US$7 Billion.when taking into account the acquired benefit of the accumulated taxes loss that would come with the acquisition of ONCY.

[Noteable]

ONCY's estimated accumulated deficit a/o December 31, 2023 is approximately $450 Million

[Noteable]

In comparison to CG Oncology's $380 million raise in their IPO announced on January 25, 2024, ONCY's estimated accumulated deficit a/o December 31, 2023 is approximately $450 Million

[Noteable]

ONCY's estimated accumulated deficit a/o December 31, 2023 is approximately $450 Million, ONCY's accumulated deficit correlates to research and development expenses are eligible for the Orphan Drug Tax Credit which provides t he sponsor company a 25% tax credit to offset research and development costs (qualified clinical testing). It is intended to incentivize biotechnology

[Noteable]

This value of approximately US$ 6.25+ per share a/o December 2023 is a valuation point that will be factored into the calculation of ONCY's comprehensive purchase enterprise value in arriving at the company's starting acquisition price target.

[Noteable]

https://stockhouse.com/companies/bullboard/t.onc/oncolytics-biotech-ord-shs?postid=35924492 https://stockhouse.com/news/press-releases/2024/03/07/oncolytics-biotech-xae-reports-fourth-quarter-and-full-year-2023-financial

[Noteable]

ONCY's estimated accumulated deficit a/o December 31, 2023 is approximately $450 Million making this dollar amount of some consequence in any buyout offer for ONCY. The accumulated deficit of approximately $0.5 Billion in a US$ 7.5 Billion offer for ONCY would effectively be approximately US$7 Billion in cost to the acquiring company, since the accumulated deficit could be used to off-set any

[Noteable]

The accumulated deficit is worth a minimum of US$ 4.25 per share which clearly demonstrates that ONCY's present share price is being significantly held down, as I have pointed out in previous posts.

[Noteable]

This accumulated deficit is one of the reasons why analysts covering ONCY have a near term price target of $5+ per share.

[Noteable]

Should read: "The accumulated deficit represents an underlying value of at least US$ 4.25 per share " ..... which is one of the reasons why analysts covering ONCY have a near term target value of at least $5+ per share.

[Noteable]

The basic underlying value of ONCY based simply on the company's accumulated deficit, and nothing more, is approximately US $5 per share, which indicates why analysts have a near term target of US$5 per share price, and further indicates that the stock price of ONCY is being significantly throttled by some particular player/s, such as Quentin30 and the team of operatives he identifies with

[Noteable]

For comparision IOVA has an accumulated deficit of US$1.463 Bln that translated to an underlying tax off-set of US$5.95 per share. Through 2023 the trading range for IOVA stock in 2023 was between US$5.71 and US$7.98 per share, which reflected the underlying accumulated deficit off-set of US$5.95 per share. Such evidence confirms that ONCY's share price has been intentionally held down by

[13X2413]

If 3 or 4 people can affect the price of this stock,  this company is in trouble. Stop with the manipulation conspiracy theories. Start living in reality, this stock needs a big kick in the pants. The sooner the better. 

[Noteable]

Wolves in sheeps' clothing come with different messages, but each seek counter the fair value of the company and the share price. Right Canadafan?.

[Noteable]

Wolves in sheep's clothing come with different messages, but each seeking to counter the fair value of the company and the share price. Right Canadafan? And the other operatives who have recently said that they don't read the stockhouse message board.

[13X2413]

Since I'm not a James Bond operative, I'm dying to know what your message is. What makes your operative like opinion worthy of any more belief than other opinions? In my eyes, the others carry more weight as a result of what the ACTUAL value of the stock has done over the past few months.  I can't take your FAIR value to the bank. 

[Buckhenry]

Unnoteable needs to put more cologne on his sh!t. He thinks his dung does not stink. 

[armedescapade]

This post has been removed in accordance with Community Policy

[Noteable]

Only someone like you would seem to know what greedy eyes and little brain means. Perhaps you should switch from eating too many French fries with your greedy little brain like-minded "operatives"

[armedescapade]

This post has been removed in accordance with Community Policy

[Buckhenry]

This site is no different than the other stocks I watch. There is an unnoteable for every stock saying that those who don't adhere to his narrative are manipulators. They have to pass the blame to someone else. You can't handle reality. 

[Buckhenry]

Some people need to be right always. They cannot stand to lose an argument. They won’t admit defeat in the face of compelling evidence against their position. Even having the last word may not be enough for them if they believe the other side has gotten tired of the discussion and stopped arguing without conceding their point. In that case, they may insist on taking up the issue again later. 

[Noteable]

https://www.fiercepharma.com/pharma/fda-approves-iovances-amtagvi-first-cell-therapy-solid-tumor

[Noteable]

And for comparision IOVA has an accumulated deficit of US$1.463 Bln that translated to an underlying tax off-set of US$5.95 per share. Through 2023 the trading range for IOVA stock in 2023 was between US$5.71 and US$7.98 per share, which reflected the underlying accumulated deficit off-set of US$5.95 per share.  In 2022 IOVA traded between US19.09 and US$6.18. And in 2021 IOVA traded at a

[Noteable]

In response and as posted beforehand for further comparision,  IOVA has an accumulated deficit of US$1.463 Bln that translated to an underlying tax off-set of US$5.95 per share. Through 2023 the trading range for IOVA stock in 2023 was between US$5.71 and US$7.98 per share, which reflected the underlying accumulated deficit off-set of US$5.95 per share.    In 2022 IOVA traded

[Noteable]

ONCY raised approximately $450 million over its lifetime and not $3/4 Billion as one has tried to pass-off. This $450 million is reported in ONCY's financial statements as the "accumulated deficit".  The accumulated deficit represents a basic underlying value of at least US$ 4.25 per share  ..... which is one of the reasons why analysts covering ONCY have a near term

[armedescapade]

This post has been removed in accordance with Community Policy

[armedescapade]

This post has been removed in accordance with Community Policy

[Azzak34]

Eeugghh, what a slimy post. Yikes, how many institutional investors do we have? Yikes, what's in our pipeline? Yikes, who says Yikes anymore? 

[armedescapade]

This post has been removed in accordance with Community Policy

[Azzak34]

Haha here's my main issue with you folks. Most of your posts read like clues in a cryptic crossword. It's total garbage. It doesn't come off smart, stop trying so hard babe, it's not working.  Armedescapade, now what is the meaning behind that moniker you've given yourself. Are you another of the orange man right wing nuts that frequent Stocktwits? 

[inthno]

For accounting purposes the value of the accumulated deficit is really only worth what the acquiring companies tax rate is at which even if at 50% is only then about 250 million and not the total deficit of 450 million as the 250 million would be the realized value in any negotiation. BTW I am expecting a pr either tomorrow or next week announcing the q4 and year end 2023 as these dates would be

[Noteable]

During a merger-acquisition transaction, the acquired company frequently accumulated tax losses (accumulated deficit) representing potential tax savings that the acquiring company could use if it obtained the transfer thereof.  https://us.sagepub.com/sites/default/files/upm-assets/5004_book_item_5004.pdf On a liquidation of an acquired company or the amalgamation of the acquired

[inthno]

Remember that it states in the article that you posted is that it reduces the taxable income by the amount accordingly so the company then saves whatever the amount their tax bracket is and that is the amount that the accumulated loss is. Simple accounting and that is how it is applied in business or at least that is how my accountant does it. Also remember that the accumulated deficit is 450

[Noteable]

It has nothing to do with any tax bracket, as you keep wrongly stating. Read the KPMG opinion. 

[inthno]

No problem and you can read it how you want but from the last line of the article you posted. The benefit is that it lowers the taxable income in the second year to $2.4 million. Quite simply stating that it lowers the taxable income and you pay tax on the bracket that applies to you or your company. Bottom line is that there is value to the accumulated amazingly large deficit but it is in

[Noteable]

You obviously didn't understand what was said when I wrote the below commentary that the Carryforward Losses do not appky, in diametrically opposed contrast to what you tried to imply. And since a Big Pharma company has profits far in excess of ONCY's accumulated deficit, the following (below referenced) Loss Carryforward provisions do not apply.

[Noteable]

Furthermore I cited the accounting firm KPMG's opinion on the matter surrounding a corporate acquisition, while you tried to pass off your bewildered understanding of how your accountant handled your personal matter.

[Noteable]

And US$2.81 per share is what ONCY can raise at its discretion and at anytime by calling its option on the warrants that were tied to the US $15 million deal, thus giving ONCY access to a further US$21 million, whenever ONCY or ONCY's acquirer chooses.

[Noteable]

Should read "... that were tied to the US $15 million deal Anson Funds Management deal ..."

[inthno]

I.do not understand why u get so confrontational as I was trying to say is what it is and worth something in a buyout. U have your thoughts and I have mine but no matter how u look at it what you can wrote off against gains and what u save on taxes as a result are 2 different figures.  So when a company writes off 450 million dollars you are saying that they save 450 million dollars in taxes.

[Noteable]

inthno .. No I am not saying what you are stating. And no I was not talking about the treatment of capital gains/losses as you would in your personal account. You don't seem to understand the principles of corporate tax transfers associated with corporate mergers and acquisitions. What I am talking about is the transfer of an acquired company's  accumulated deficit off of their

[Noteable]

The net benefits of an acquired company's accumulated deficit transfer to an acquiring company's balance sheet is that the acquiring company can use this transaction to offset present/future net profits AND the value of this accumulated deficit is factored into the price paid for the acquired company by raising the final offer. And in raising the final offer price, shareholders benefit

[13X2413]

Buyers, where are you???? Doesn't anyone realize that Noteable says the intrinsic value is $5US. Getting close to $1 CDN. now. How can you pass on a deal like this. 

[Quentin30]

ah I gor it now, thanks Notable... So because ONCY has had 25 years of losses, it's valuable to a company that makes profit... hmmm, And yet still no-one want to buy us...!!

[Azzak34]

Haha what a silly Billy you are Quentypoo.  Have you ever answered why you keep any shares at all? 

[13X2413]

$2.81 would be like a lottery win at this point. I'll take it! 

[armedescapade]

This post has been removed in accordance with Community Policy

[Azzak34]

You know who also talks in these incoherent rambles? Our old friend Stocks4thoughts.  Stocks can you produce a codex for the tripe you post please? 

[Lesalpes29]

Until a substantial NR all the talks around a multi billions buyout is futil. It's why I have unstable on ignore... is shooting the same posts weeks after weeks and nothing is moving. This clown is blasting almost everybody even Canadafan... GLTAL