On4 Communications Inc (ONCI)

[StevenRisk]

Apparently the 8k says there was $1.8 on the books and that part was less than 50% negotiated down. So I would say $1.8MIl minus the $3.1 Mil. Regardless, we should have $1.3 Mil left as the agreement makes the debt go away and then add the diluted shares. Somebody said 160 Mil and that does sound in the ball park. Who knows with another good Q. they may very well be able to cut this debt in half after all they netted $330K last Q. Don't care for the dilution but love the future potential. GLTA

PS They could actually do a stock buyback after audited financials.