RE: What this PP means.A couple of potential points to ponder:
a) the PP may have been someone coming to ONC to buy in but not believing, given the low turnover and the amount they wanted to purchase, that that many shares could be easily bought in the open market without significant price disruption
b) financings are often followed by a flurry of NR's
c) the issue is never dilution, but rather, from a shareholders perspective, does the share price appreciate or depreciate after the financing (ie will the money be used for valuable purposes).