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$ONCI Steve Berman spent a whole year negotiating the DE debt down from 330k to $1200. He held out and won. Verification below:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145738898
This week we will have verification of the 1.4 billion share reduction.
IMO we will be trading HEXA this spring.
State Of Delaware
Entity Details 1/16/2019 3:12:21PM
File Number: 3397838
Entity Name: ON4 COMMUNICATIONS, INC.
Entity Kind: Corporation
Residency: Domestic
Status: Void, AR’s or Tax Delinquent
Incorporation Date / Formation Date: 6/4/2001
Entity Type: General
State: DELAWARE
Status Date: 3/1/2017
Tax Information
Last Annual Report Year Filed: 2016
Annual Tax Assessment: $350
Tax Due: $ 0
Total Authorized Shares:
5030000000
Registered Agent Information
Name: THE COMPANY CORPORATION
Address: 251 LITTLE FALLS DRIVE
City: WILMINGTON
State: DE
Phone: 302-636-5440
Country:
Postal Code: 19808
$ONCI It's time for the 19's to fall...guessing that group is looking for some more cheap shares? It's a risky venture to take with the share reduction looming...
GLTA
MUST READ POST--Thank you ApollonZ!
That is correct On2. And with proof in docs of DE debt, and OTCMARKETS.COM about to be updated, HEXA will follow.
What's most important though are the growing revs, increases showing every quarter since ONCI was created three years ago.
Hang tight my friend and add these dips, ONCI is about to make its move.
Different Steve Berman. 100%. We've been over this countless times here.
GLTY
Is esurance testing our app?
SB mentioned a major insurer testing our DD product.
https://www.esurance.com/drivesafe
Quote:
We're not currently enrolling new drivers in the program, but you can take a look at our resources at the bottom of the page for more smart tips to keep your teen driver safe.
Clearly this is a test.
Device contains a telematics device that looks very similar to our bSafeMobile.
Webpage copyright 2019:
https://blog.esurance.com/introducing-esurance-drivesafe/
Quote:
Esurance is owned by Allstate Insurance Company, the oldest publically held personal lines insurer in the U.S. With their 80-plus years of experience and superior financial strength behind us, you know we're insurance coverage you can count on.
As a proud member of the Allstate family, we offer you the best of both worlds: reliable insurance products combined with smart, cutting-edge tools that help you manage your insurance whenever, wherever, and however you want.
Esurance is based in San Francisco. According to SB's tweet on January 11th, 2019, he was in San Francisco to discuss potential Private Label deals.
Letter going out to TA today I will await their response.
— On4 Communications (@on4company) January 11, 2019
Heading to Vancouver, SF and LA next week for talks with Sifthouse and some potential private label deals.$ONCi #SMDPC
$ONCI OTC Markets to be updated with COMPLETED share reduction. Soon to show:
3.1 billion AS, 2.9 billion float
NEW OS = 3,105,705,518 x .002 = 6,211,411 current market cap.
ONCI has brought in more than this in revs over the last few years.
Do the math--ONCI is WAY undervalued.
4.5 million in revs in 2018 with imminent growth.
Q1 out 3/15 EST 1.5 million in revs.
Private label deal worth 2.88 million to hit shortly with ADS.
$ONCI!
As most everyone knows audits take place within the financials year end. since the bill was paid after 2018 financials, we would most likely see the audit in 2019s year end. This would more than likely be released December of this year.
Over 12 million on the bid at the moment. I for one think the guy should place a market order for 12 milly.
$ONCI You are certainly entitled to your opinion, and all opinions are welcome as per the TOS. But continuously posting the same libelous falsehoods will get you in hot water.
Again, if this was true there'd be a lot more people talking about it. But it's a different Steve Berman. End of story.
QUOTE:
Steve knew well before the Audited financials were due that it wouldn't happen
Here hid that fact because he needed the SP up because they were Dumping shares to pay off debt.
Berman didn't find out Feb 1st. He knew.
A little DD will show that the Tweet was done 45 days before the January 31st FINS. In that time, the DE debt was discovered during the audit and he COULD NOT COMPLETE the audit. He COULD NOT do the share reduction.
The DE debt was 330k and it took SB a year to negotiate it down to 1200 USD. Yep, that's right...he saved the company a TON of money by waiting it out during the negotiations.
The DE debt has now been cleared, docs posted here many times have shown that.
The 1.4 billion share reduction followed and was completed last week. OTC markets will show update any day now.
After that, the move to CO and HEXA takes place. THEN SB can perform an audit.
GLTA
If this was true, then many more people would be posting about it.
Next.
Interesting--SB mentioned a major insurer testing our DD product.
https://www.esurance.com/drivesafe
We're not currently enrolling new drivers in the program, but you can take a look at our resources at the bottom of the page for more smart tips to keep your teen driver safe.
Esurance is owned by Allstate Insurance Company, the oldest publically held personal lines insurer in the U.S. With their 80-plus years of experience and superior financial strength behind us, you know we're insurance coverage you can count on.
As a proud member of the Allstate family, we offer you the best of both worlds: reliable insurance products combined with smart, cutting-edge tools that help you manage your insurance whenever, wherever, and however you want.
Letter going out to TA today I will await their response.
— On4 Communications (@on4company) January 11, 2019
Heading to Vancouver, SF and LA next week for talks with Sifthouse and some potential private label deals.$ONCi #SMDPC
Better hurry...once those ads are approved, as early as this Friday, we will get the blockbuster announcement on the deal. It's a BIG one too. Ads will be released in conjunction with the announcement.
$ONCI PINK CURRENT
Do OTC Markets Issuers Need Audited Financials?
Public companies quoted on the OTC Markets OTCQX and OTCQB marketplaces require financials audited by a PCAOB auditor. Those securities quoted on the OTC Markets Pink Sheet market tier do not required audits, though many Pink Sheets do have audited financials.
Audited Financials Not Required for Non Sec Reporting Companies
FINRA does not require the financial statements of Pink Sheets, which are not SEC reporting companies, to be audited for the Form 211 in the 15c2-11 process. Non SEC reporting companies are those that do not publish their financials and disclosures using the 10-Q, 10-K and 8-K using the SEC’s EDGAR filing system.
Unaudited Financials of US Issuers Must Be Prepared in Accordance with GAAP
However, OTC Markets Pink Sheet Issuers that are US companies should have financials that are prepared in accordance with GAAP. Foreign Issuers, meaning those Issuers that are incorporated offshore as opposed to US corporations that have business headquarters or operations outside of the US, are allowed to post financials that do not follow GAAP if they are prepared in accordance with their home country’s accepted accounting standards.
PInk Current Issuers Without Audits Require an Attorney Letter
Whether a US or foreign Issuer, a public company that wants to maintain Pink Current status on OTCMarkets.com will require an Attorney Letter with Respect to Current Information at least annually, if they do not file reports with the SEC and do not publish audited financials. Companies that want to maintain Pink Limited Information (Pink Yield Sign) are not required to have audited financials.
Issuers with questions regarding PCAOB audits or questions about filing Form 15 with the SEC to transfer to the OTC Markets Alternative Reporting Standard (thus avoiding audits) can contact Matheau J. W. Stout, Esq. at (410) 429-7076 or mstout@otclawyers.com.
This entry was posted in OTC Bulletin Board, Securities Law, Securities Lawyer and tagged 15c2-11, Alternative Reporting Standard, Matheau J. W. Stout, Matt Stout, OTC Bulletin Board Securities Lawyer, OTCQB, Securities Law on February 2, 2014.
$ONCI in looking at the list of prospective PL dealerships on the east coast, it shows many companies that do in excess of a BILLION dollars annually in business.
Let that soak in...a BILLION DOLLAR company will be putting their name on OUR products.
Add in share reduction, AS count is at 3.1 billion. Float will remain at 2.88 billion. THIS SHOULD BE UPDATED ON OTCMARKETS THIS WEEK.
4.5 million in revs last year, 4.8 million in AR's (future revs) with AT LEAST another 2.88 million in revs added into the mix with the PL deal. This does not include any additional revenues gathered in 2019.
All this for a fifth of a penny per share.
$ONCI in looking at the list of prospective PL dealerships on the east coast, it shows companies that do in excess of a BILLION dollars annually in business.
Let that soak in...a BILLION DOLLAR company will be putting their name on OUR products.
Add in share reduction, AS count will be at 3.1 billion. Float will remain at 2.88 billion.
4.5 million in revs last year, 4.8 million in AR's (future revs) with AT LEAST another 2.88 million in revs added into the mix with the PL deal. This does not include any additional revenues gathered in 2019.
All this for a fifth of a penny per share.
ONCI WEBSITES
BsafeMobile.com
Fleetsafer.com
Cogosense.com
CtheRoad.com
DriveCommander.com
Eyes-up.co.uk
HexagonHoldings.com (currently being updated--plans to launch when ONCI becomes HEXA)
https://www.facebook.com/bsafemobile
https://order.bsafemobile.com/?fbclid=IwAR0GCA71uBcaQ68mNmHGbZPyJU0QStCZBr4ZzFc78aTrDm2XuHNo0Yix9A8
The float is very wrong at 2.15 million (noticed that after I posted) so I would wait for OTC Markets to confirm correct numbers. IMO we see it there this week.
Steve's former company, TXTM was supposed to carry the safe-drive apps but there was a disagreement and parting of ways there. When SB pulled out and formed ONCI, TXTM tanked and the shareholders there lost a ton of money.
Couple this with the missed audit deadline (due to DE debt), and you have a lot of angry investors blaming the CEO for their losses.
It is surmised that TXTM is paying them, but no proof of that yet.
https://quotes.wsj.com/ONCI
Share reduction updated on WSJ.
OTC Markets has been down all day, but we should see that updated by the end of the week.
GLTA
Would you agree, given the documents and links that were posted, that the DE Debt was done?
Share reduction is also done...you will soon see.
After that, SB can proceed with name change and redomicile.
NEW OS = 3,105,705,518 x .0022 = 6,832,552 current market cap. Multiplying the new OS by the .002 bid gives you the figure noted on Morningstar, 6,211,410
ONCI has brought in more than this in revs over the last few years.
4.5 million in revs in 2018 with imminent growth.
#WAYUNDERVALUED
STEVE BERMAN LINKED IN:
https://www.linkedin.com/in/steve-berman-4212b21a/
RICHARD LEFKOWITZ LINKED IN:
https://www.linkedin.com/in/richard-lefkowitz-5566401a/
It will correct. Company is one of the fastest growing profitable tickers on the OTC. Unfortunately there is a level of distrust for the CEO due to past missed deadlines.
Oh I hear you an that. Still licking my wounds. ONCI rough day but she will persevere.
Agreed, I have a couple friends who want to see OTC Markets updated before getting back in. $ONCI
ONCI just needs a little kick in the pants for some momentum to move back in. This was a clear short-term play. The pattern is clear...SB says something is coming, traders buy in and sell the news. Consider it a buying opportunity if you are a long or someone getting in for the first time.
Ultimately, the value of ONCI has risen with increasing revenues, share reduction, and multiple future events. Share price will follow.
Last time we added .0016's
This time we added .0021's and 22's.
Higher lows are for certain here, no doubting that.
ONCI will move back up.
We added a bunch at 21 & 22.
1.4 BILLION share reduction PR, amongst other great developments. ONCI is in the terrible habit of going down on good news.
My group will be adding this afternoon, already have a few 21s and 22's with much more to come.
ONCI will climb back.
Day is young, it will come back. Too many great things happening here...
The most important thing is that SB once again told the truth and came through. He's starting a new trend of actually delivering on his promises. And here he delivered BIG with the share reduction now in the books. Waiting for OTC markets to update the ONCI page.
Next up is HEXAGON and the redomicile. Plus the PL reveal...that is a SWEET deal.
Flippers selling the news. Hang tight...she will come back IMO.
On4 Communications, Inc. Announces Update to Shareholders February 2019
10:08 am ET February 8, 2019 (Globe Newswire) Print
via OTC PR WIRE -- On4 Communications (OTCPINK: ONCI) is pleased to announce the following corporate update from CEO Steve Berman:
BUSINESS
Shareholders, I am happy to report that we have reduced the OS of On4 Communications by 1.4 billion shares. For the 12 months ending Oct 15 2018, we reported an OS of 4,505,705 518. The new OS is now 3,105,705,518. In addition, we are working with the past CEO to retire the 30 million preferred shares that are on the books. I expect this will be done within the next week or so. These shares are issued in his name and cannot be retired unless certain criteria is met. The shares can never be converted to common but I want them off the books.
GIFTCARDEXCHANGE.SHOP
As we have discussed giftcardexchange.shop is moving very quickly. We have met with the web designers and have the beginnings of a platform. I have also met with 2 large NY department stores as well as 2 health and beauty stores about buying gift cards at a big discount to populate the site. I will also be populating the site with $3,500 worth of gift cards that I have personally that I have never used. These include gift cards to Sephora, Dicks sporting goods, Ruby Tuesday, Target, Fridays, and a host of others. I am hoping we will be up and running by the end of July. If any of you want to sell your cards that you are not using pls e-mail me at On4company@gmail.com
DENTAL
We have not discussed this in a while but it is still on the table.
I have reached out to 3 large urgent care companies about renting space in their centers and becoming their dental provider. I was told by one urgent care provider that 25 percent of all urgent care walk ins are dental related. The only thing the doctor can do is give the patient a motrin and send them home. I still believe that this is a big opportunity and a huge profit center for the company.
PHARREL PROTECTION
We are currently in the first week of a 3 week test with one of the largest roofing companies in the USA and Canada. This company has over 1200 light trucks and vehicles. We have added many new features for this test including hard braking and fast turns, which only makes our distracted driving product that much better.
Through Pharrel, we are in contact with large machinery companies including Cat and Deere as well as large mining companies including Rio Tinto, Bhp and Vale for our Bfound mobile product and I believe we will be testing very shortly. The heavy truck business is a huge opportunity and we are moving forward everyday. This is an untapped market and we are the first to be there.
2 PRIVATE LABEL
The 2 private label is very close to being done. I spoke to the company yesterday and the ads are still not approved. I am hoping they will be done next week and I can announce the deal. I can tell you the details of the deal.
We are dealing with one of the largest dealer groups on the east coast with over 60 dealerships. The deal is 20 units in each dealership to start at $200 net to us, or $240,000 per month. This will roll out over a month. At present we have shipped 30 dealerships with the rest to be done in the next 2 to three weeks. They don't want to release until the ads hit the market. This will be the largest deal we have done and I believe it will add major revenue to the bottom line. In addition, we are in talks with three other companies regarding private label opportunities; two in Europe and one here in the USA
SIFTHOUSE
On September 14, 2018 the Company announced that it had signed a letter of intent to purchase 75% of a Craft Cannabis called Sifthouse BC for a total consideration of $1million contingent upon Sifthouse BC obtaining a license to distribute Cannabis related product in Canada. The plan is to grow highly profitable specialty blends of craft Cannabis.
This business is about to explode and we are in on the ground floor. It is my expectation that big tobacco and spirits companies will be in control of this business going forward and the expectations and potential profits will be amazing. As markets and countries open, we will be able to franchise our company to every city that makes cannabis legal over the next few years and I believe craft growers will be the biggest part of the cannabis boom. The company's investment to date is $100,000.
As we speak we are in talks to lease 10,000 square feet of space in Vancouver by the river. This business has taken off and companies are making money hand over fist.
I believe the biggest part of this business will be craft Cannabis.
HEXAGON
I am sorry to keep having to include this in the letter but I still get messages from people accusing me of doing a Reverse Split.
"ALL CAPS DEEMED NECESSARY HERE: LET ME SAY THIS AGAIN, AGAIN, AGAIN and AGAIN: THERE WILL BE NO REVERSE SPLIT." "LET ME SAY THIS AGAIN AS WELL: THERE ARE NO PLANS TO DO ANOTHER 3A1O"
So if you don't understand it, again, there are no plans on the table to do a reverse split.
-- The company is in a great position to capitalize on new markets.
-- Distracted driving is an epidemic in the world and is only getting bigger.
-- Cannabis is one of the fastest growing business led by total legalization in Canada with 10 other countries to follow.
-- We have Private label deals in place and we are creating new revenue streams.
-- We are positioned for the future and will ride the wave.
-- We are now branching out from our original model for the company, which was to sell in car dealerships and moving into global reach in all areas.
-- I am very excited for our continued growth in all aspects of our company.
-- We have a very bright future
About On4 Communications
On4 is a holdings company with an aggressive focus of acquiring proven and profitable businesses. Our first project is focusing on businesses operating in the $1.7 trillion U.S. healthcare industry. Our newest targeted businesses are operating in the trillion-dollar mobile App space. Our first acquisition in the mobile App space is FMS Marketing, a global creator and distributor of mobile Apps for Android and iPhones. We are also targeting businesses to acquire and joint venture within the medical marijuana and emerging MJ ancillary products space.
On4 Communications, Inc. Announces Update to Shareholders February 2019
10:08 am ET February 8, 2019 (Globe Newswire) Print
via OTC PR WIRE -- On4 Communications (OTCPINK: ONCI) is pleased to announce the following corporate update from CEO Steve Berman:
BUSINESS
Shareholders, I am happy to report that we have reduced the OS of On4 Communications by 1.4 billion shares. For the 12 months ending Oct 15 2018, we reported an OS of 4,505,705 518. The new OS is now 3,105,705,518. In addition, we are working with the past CEO to retire the 30 million preferred shares that are on the books. I expect this will be done within the next week or so. These shares are issued in his name and cannot be retired unless certain criteria is met. The shares can never be converted to common but I want them off the books.
GIFTCARDEXCHANGE.SHOP
As we have discussed giftcardexchange.shop is moving very quickly. We have met with the web designers and have the beginnings of a platform. I have also met with 2 large NY department stores as well as 2 health and beauty stores about buying gift cards at a big discount to populate the site. I will also be populating the site with $3,500 worth of gift cards that I have personally that I have never used. These include gift cards to Sephora, Dicks sporting goods, Ruby Tuesday, Target, Fridays, and a host of others. I am hoping we will be up and running by the end of July. If any of you want to sell your cards that you are not using pls e-mail me at On4company@gmail.com
DENTAL
We have not discussed this in a while but it is still on the table.
I have reached out to 3 large urgent care companies about renting space in their centers and becoming their dental provider. I was told by one urgent care provider that 25 percent of all urgent care walk ins are dental related. The only thing the doctor can do is give the patient a motrin and send them home. I still believe that this is a big opportunity and a huge profit center for the company.
PHARREL PROTECTION
We are currently in the first week of a 3 week test with one of the largest roofing companies in the USA and Canada. This company has over 1200 light trucks and vehicles. We have added many new features for this test including hard braking and fast turns, which only makes our distracted driving product that much better.
Through Pharrel, we are in contact with large machinery companies including Cat and Deere as well as large mining companies including Rio Tinto, Bhp and Vale for our Bfound mobile product and I believe we will be testing very shortly. The heavy truck business is a huge opportunity and we are moving forward everyday. This is an untapped market and we are the first to be there.
2 PRIVATE LABEL
The 2 private label is very close to being done. I spoke to the company yesterday and the ads are still not approved. I am hoping they will be done next week and I can announce the deal. I can tell you the details of the deal.
We are dealing with one of the largest dealer groups on the east coast with over 60 dealerships. The deal is 20 units in each dealership to start at $200 net to us, or $240,000 per month. This will roll out over a month. At present we have shipped 30 dealerships with the rest to be done in the next 2 to three weeks. They don't want to release until the ads hit the market. This will be the largest deal we have done and I believe it will add major revenue to the bottom line. In addition, we are in talks with three other companies regarding private label opportunities; two in Europe and one here in the USA
SIFTHOUSE
On September 14, 2018 the Company announced that it had signed a letter of intent to purchase 75% of a Craft Cannabis called Sifthouse BC for a total consideration of $1million contingent upon Sifthouse BC obtaining a license to distribute Cannabis related product in Canada. The plan is to grow highly profitable specialty blends of craft Cannabis.
This business is about to explode and we are in on the ground floor. It is my expectation that big tobacco and spirits companies will be in control of this business going forward and the expectations and potential profits will be amazing. As markets and countries open, we will be able to franchise our company to every city that makes cannabis legal over the next few years and I believe craft growers will be the biggest part of the cannabis boom. The company's investment to date is $100,000.
As we speak we are in talks to lease 10,000 square feet of space in Vancouver by the river. This business has taken off and companies are making money hand over fist.
I believe the biggest part of this business will be craft Cannabis.
HEXAGON
I am sorry to keep having to include this in the letter but I still get messages from people accusing me of doing a Reverse Split.
"ALL CAPS DEEMED NECESSARY HERE: LET ME SAY THIS AGAIN, AGAIN, AGAIN and AGAIN: THERE WILL BE NO REVERSE SPLIT." "LET ME SAY THIS AGAIN AS WELL: THERE ARE NO PLANS TO DO ANOTHER 3A1O"
So if you don't understand it, again, there are no plans on the table to do a reverse split.
-- The company is in a great position to capitalize on new markets.
-- Distracted driving is an epidemic in the world and is only getting bigger.
-- Cannabis is one of the fastest growing business led by total legalization in Canada with 10 other countries to follow.
-- We have Private label deals in place and we are creating new revenue streams.
-- We are positioned for the future and will ride the wave.
-- We are now branching out from our original model for the company, which was to sell in car dealerships and moving into global reach in all areas.
-- I am very excited for our continued growth in all aspects of our company.
-- We have a very bright future
About On4 Communications
On4 is a holdings company with an aggressive focus of acquiring proven and profitable businesses. Our first project is focusing on businesses operating in the $1.7 trillion U.S. healthcare industry. Our newest targeted businesses are operating in the trillion-dollar mobile App space. Our first acquisition in the mobile App space is FMS Marketing, a global creator and distributor of mobile Apps for Android and iPhones. We are also targeting businesses to acquire and joint venture within the medical marijuana and emerging MJ ancillary products space.
$ONCI--BRING IT STEVE!
$ONCI .003's LOOKING GOOD. AFTERNOON VOLUME ABOUT TO HIT...BIG RED TARGET BUTTON NEEDS TO BE PRESSED!
$ONCI TAKING DOWN THE 29's WE BELIEVE IN STEVE.
$ONCI THIS TIME IT'S FOR REAL...STEVE BERMAN WANTS THIS TO SUCCEED MORE THAN ANY OF US...SURRENDERING ALL HIS PREFERRED SHARES SHOWS THAT HE HAS FAITH THIS WILL MOVE TO THE OTC SOMEDAY, AND THIS IS AN IMPORTANT FIRST STEP. THE PR HE PROMISED BY TOMORROW WILL BRING A LOT TO THE TABLE...
#BUCKLEUP
L2 is super thin, a little buying pressure and this takes off. Couple that with the BIG news about to hit, ONCI will deliver and bring us over .004 in a heartbeat.
Soon folks are going to wish they can buy at .003. It's happening.
GLTA