Don't disagree with you there, if they are a savvy investor. Oasis is a loan shark. We've seen it for 15 years, these convertible loans get converted and sold immediately. They just want their profit. Since they are converting at a discount, they can afford to sell. Would love if Oasis would hold onto their stock, but think of it this way. Let's say you have $100M to loan out. You write a deal with GNBT for $40M on GNBT and $50M on NGIO, however it is money you pledge and didn't give until they PUT shares to you for money at a discounted rate. Well you could leverage your lending, which now only has $10M left, but since your didn't give the whole $90M (and never will since there are 5% and 10% limits on shares owned after conversion), you decide to do the same deal with Company B and then Company C, etc. Now GNBT puts $1M to you. You give them $1M for the discounted shares. You sell the shares right away for 20% profit. You got $1.2M back right away. Not a bad gig doing that with 5 companies, 10 companies, etc, however you must have the money when they need it, so you have to sell along the way.

Also, since there are covenants at 5% or 10% of GNBT ownership in shares, they HAVE to SELL to stay below and be able to provide more money when GNBT needs it. If they were tapped out at the 5% limit, no money to GNBT. That would maybe be a default by Oasis on the terms of the line of credit.