ONCI could still hold controlling interest in FMS, who's to say FMS own that 51% or controlling interest. They could have sold a portion to someone else. Or FMS could equal rights and 2% to another person or entity. Could be several variables in this equation. We will not know until the filings are completed, that's why it's important he does the filings. Shareholders need to see what's going on, show us some transparency.
There's been enough discussion of T-Trades here to convince me that they basically happen the evening after large all or none orders go through. If trades aren't reported in 90 seconds, they show as T-trades, and a large all or none can take quite a bit longer than that for the MMs to put together.
It's savvy traders taking advantage of the system, and freaking out unsavvy traders.