The dilution should clear up soon and stock should start climbing back up. In principle, we should not see dilution in the foreseeable future, as the AS is already maxed out if we include the 450 mil in the 1-A @ 0.0024.
The company does what it wants to do based on what it sees fit. However, with the highly bearish sentiment, ONCI will have to give up more shares to cover convertible notes. Essentially, the bears who claim that they are protecting investors end up hurting the majority of investors.
Stay Tuned for a great future. The second half of the year looks very promising.