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Oncolytics Biotech Inc. Message Board

  • lifeisveryfunny101 lifeisveryfunny101 Feb 2, 2006 12:07 PM Flag

    Joeh...

    Thanks for those shares.

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    • I cancelled 10,000 shares ask order @0.375.

      • 1 Reply to joehj815
      • That makes sense Joeh. So here... think about this. Essentially what Cornell just did was refinance Falcon's deal and give them access to a total of $35 million... at what amounts to .56 cents a share. The only reason Cornell would make that money available above the current share price... would be only if they were really confident that there was gas in the ground.

        So that gets us up to .56 cents... which it could easily do by next week when they announce that 2 wells are now producing. And even then... the price needs to go above .56 cents in order for Cornell to make any profit on that. And even then... you're still talking about 63 million shares... which at current levels is not going to be sold very quickly. So if you extrapolate the whole situation out... Cornell is banking on the fact that in the next few weeks and few years... that the volume and liquidity of this company is going to increase substantially... where they can start taking some of their money out of the deal and turning a profit. They won't do it all at once... they'll probably take a little bit at a time to 1) at least pay themselves back and then determine from there how much of a return they really want... but it all depends upon what's really in the ground.

        So the bottom line is... the fact that they did the financing at .56 cents and put as much as $35 million on the table is a VERY bullish sign. From what I know of Cornell... that $35 million is in the top eschelon of financing that they typically get involved in. That's a big statement. Think about it... would you be loaning $35 million to anyone if you did not have some sort of assurance that you would be getting it back. Of course there are no guarantees Joeh... but the implications of the filing are very positive.

 
ONCY
1.43-0.05(-3.38%)Jul 24 3:59 PMEDT

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