Oncolytics Biotech Inc T.ONC

“ up to “ …means just that

[canadafan]

The recent filing? My best read as of now, it says " up to $50 million".
Does not mean it will be a $50million offering. It could be, but not certain.
Just like the shelf perspectus of $200 million. They renew that, I think every 4-5 years.
They did indicate Candor as the agent. And indicate the process woukd be handled as an ATM.
Not sure if existing ATM is still in place withnCanaciord?
Bottom line, they need $ to keep the doors open to finakyze the process.
nothing has changed., they still need to announce the O.S. Results.
as was mentioned in the Q2 update. Strong results will strengthen their negotiation position.
All else the same.

[CMHarring218431]

Hello Canadafan Awhile back, you commented on how, even if Oncy was close to a licensing deal and/or a buyout, they would still have to maintain the posture that it might not happen. Understood. The offering follows with that thinking that they have to be prepared.  Perhaps also, they may have a pretty clear indication that none of the presumed suitors, are gonna dive in anytime soon. Also