OncoSec Medical Inc (ONCSQ)

[guti]

“technically this was a public offering but it was a Reg Direct, which is a bit of a hybrid.”
What is your point? Sorry, but I am not following and you seem confused about a registered direct offering.
The last offering Oncosec made was a “Direct Public” offering which is similar to an initial public offering (IPO) in that stock is sold to investors, but unlike an IPO, a company uses a DPO to raise capital directly and without a firm underwriting from an investment banking firm or broker-dealer. The reason why it was a Registered Direct is because Oncosec was entering the Nasdaq, so they skipped the use of an underwriter and saved some money, but it is still considered a public offering.

These are long term tutes, as you call them, that joined on June. Bank of America, BlackRock, UBS Group, Citigroup, none of them are going anywhere any time soon, when they just recently open small positions to hopefully add onto in the future.