Holding. Rather annoyed that they handled it this way. However, there is still a chance this could be ahead of a partnership. I will be very wary of what ONCS says in the future as this was not part of the game plan they said.
I was a buyer today. Nobody should have been surprised that financing happened. The terms seem pretty much standard with nothing out of the ordinary. I would much rather see equity financing than short and long term loans issued at a terrible cash strapping rate