compare with onxxHave a look at onyx (symbol onxx), in particular look at the
share price from Jan 03 onwards (nice chart).
To get an idea that a private placement may not have a negative
effect on the share price, look at the feb announcement and
subsequent, constant rise in price from there.
ONC looks to be in the same stage of development as onxx at that time. If ONC is on the radar of bigger institutions, then this announcement today will not adversely effect the share price except perhaps for a day or two as the feeble minded flee.