$ONTX They distributed over 80M shares in the past 3 days at an avg of .14 meaning the 11M loan is fully backed by warrants guaranteed by Steve Cohen. Now, Point72 will run the stock up and convert his warrants to common stock at a much higher PPS. Then, he (Point72) will short it back down. Hedge Fund 101 for those who do not understand.
  • 4
  • 3