RE:Anson update FYIPlease do a little research on Anson Funds.
It is almost certain that they have never held a single share of ONC.
IMO:
They shorted the 5 million shares in the weeks leading up to the private placement.
They did this with ONC's tacit understanding/approval/assistance.
ONC then issued 5 million new shares to cover Anson's short position.
ONC wins, they raise six months cash. Anson wins, they cover at a major discount to their short selling price. The existiting shareholders lose bigtime (65% haircut over the next six months).
Exactly like the ATM only bigger and quicker.
And yet, here we are six months later and people still believe that Anson is a major institional shareholder. How funny and sad.
The reason ONC shows on Anson's "books" is due to the layers and layers of internal paper shuffling and expert pratice in playing the game by Anson so as to not show the short position.