On4 Communications Inc (ONCI)

[Toxic Avenger]

All you need to know about ONCI
Massive dilution, Toxic notes, Pump and Dump.
In August, they were selling shares to cover toxic notes at $.00004 each. If you were one of the unfortunate souls buying some of those 350 million dumped shares, you handed the toxic lenders somewhere between a 150% and 650% PROFIT.

http://www.otcmarkets.com/financialReportViewer?symbol=ONCI&id=160302
During the three months ended July 31 2015, we issued an aggregate of 169,115,697 common shares upon the conversion of convertible notes, such that at July 31, 2015 the issued and outstanding common shares totaled 366,844,398. The issued and outstanding "series A" preferred shares remained unchanged at 30,000,000.
During the three months ended July 3I,2016 we issued the following common shares:
o 1,500,000,000 common shares to Steve Berman, our CEO, as part of his compensation package to join the Company ;and
o 577,404,767 common shares, in total, to settle certain of the Company's convertible debt of $37,279
At July 31,2015 the issued and outstanding common shares therefore totaled 2,444,249,159. The issued and outstanding "series A" preferred shares remained unchanged at 30,000,000.
During August, 2016 Company issued an additional 354,470,539 common shares to settle certain of the Company's convertible debt of $13,830, such that at the date of the filing of this Quarterly Report the Company has issued a total of 2,798,719,698 common shares. The issued and outstanding "Series A" preferred shares remains unchanged at 30,000,000.