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NICE TWEET THIS MORNING:
On4 Communications
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@on4company
5m5 minutes ago
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In Florida today to meet with some AutoNation Dealers. Back tonight
Meeting with lawyers tomorrow to do the share reduction. It's all happening quick, and all coming together .
$ONCI #REVENUERULES
NEW bSafeMobile video:
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
It's all NOT true Smoke. He's blowing 'smoke' up your a**.
Yes, conservative estimate. 8-10 million for 2019.
Saw that..whales spotted off the coast of Jupiter.
And you as well...a perfect storm is brewing.
We should see some powerful Q's this year, IMO totaling 8-10 million.
This company is growing BIG TIME.
$ONCI!
Wallet overflowing with profits, despite useless BaS* attempts?!?!?!
Absolutely HUGE RUN COMING IMO. SB has a lot to release.
PLPL next pick to return to former glory. Added at .0014.
Panic mode starting to set in....ONCI going places and EVERYONE knows it.
No more pittance payments.
$ONCI TWEET THIS MORNING SHARE REDUCTION FINALLY HAPPENING! Meeting with Lawyers on Friday to discuss reduction of shares as well as re domicile to Colorado which will happen in 2019.
Reduction to happen ASAP.$ONCI #SMDPC #SMDBB
HAPPY NEW YEAR EVERYONE 2019 will be the best yr for ONCI#REVENUERULES
Meeting with Lawyers on Friday to discuss reduction of shares as well as re domicile to Colorado which will happen in 2019.
Reduction to happen ASAP.
$ONCI #SMDPC #SMDBB
HAPPY NEW YEAR EVERYONE 2019 will be the best yr for ONCI
#REVENUERULES
.01 in 2 to 4 weeks is a fair projection as long as share reduction and name change take place in that window.
Your gross assumption about the audit is incorrect. The audit was in process when the DE debt was found. At that point, the audit was halted by SB until he found a way to eliminate it. As you know, it took almost a year to settle and make payment. With the debt now gone, he can follow through with the share reduction, the name change AND THE AUDIT.
I would agree that SB should have had the ONCI shell audited prior to merging his business into it, but that's a mistake in the past. Now with many hurdles in the rearview mirror, an audit for 2019 is probable.
Good luck.
The dealership is also selling installation and training. Ever think about what the hourly labor rate is in a garage? Service employees are being paid while installing and training for the app, so it stands to reason as to why dealerships are charging more.
AFTER HOURS NEWS? STEVE DOES LOVE FRIDAY PRS.
PPS shows EVERYBODY CARES!
32 X 33 UP FROM .0012 IN THREE WEEKS.
SEE YOU IN PENNYLAND.
Credibility RE-ESTABLISHED, pps up from .0012, dismal team attempts useless to hold her down.
$ONCI
Be back to 0.01's, then flip...MAJOR PROFITS worth IT for LONGS!
Forget garbage trips predictions, 0.01 is next talk...NOT trash, going UPWARDS.
Steve should be updating us about the share reduction any moment IMO.
That post was prior to the Delaware website being updated. It is 100% paid. This comes from multiple sources including myself, who called the Delaware offices.
There are so many major catalysts incoming in the short term. Any one of many could hit any day. And they will follow up in succession as I know Steve wants to raise the price above a penny so he can uplist to OTCQB.
Steve has been cyber-bullied for a year for missing the audit date BECAUSE of the debt. Now that debt has been settled and paid.
Onward and upward.
Read the board. Documents were posted last night that show the DE debt was not only paid, but was negotiated down to about $1800 from 330k.
Yes you read that right.
One for each year. I called, got the details. Payment was under 2k. Believe me, I still dont believe it but I asked the woman to recheck and she confirmed two figures, one for 2016 and one for 2017 totaling under 2k.
ONCI DELAWARE DEBT NOW CONFIRMED PAID AND HOLY SMOKES, BERMAN NEGOTIATED IT DOWN FROM OVER 300K TO UNDER 2K!!
I FEEL SORRY FOR THOSE THAT LISTENED TO THOSE WHO SPIN LIES ON THE ONCI BOARD.
GET BACK IN--THIS IS GONNA FLY TOMORROW.
Thank you for confirming. The woman rushed me off the phone and I was too flabbergasted at the totals SB negotiated. Today's sellers will be tomorrow's buyers.
From a conversation with someone in the DESOS offices, I am being told the debt settlement was under 2k. I even asked them to check again. If this is the case, and it appears to be, then SB needs to PR this across all wires.
Excellent volume!!
36 x 37
.0035 BREAK COMING...L2 SUPER THIN. A LITTLE MORE VOLUME AND WE LEAP TO .004.
L2 Wafer thin...HIT THE ASK!
DE website will be updated ASAP.
THERE'S A LOT OF MONEY TO BE MADE HERE LGL. WE ARE THE LUCKY ONES TO BE HERE AT THE START OF IT ALL. CALLING IN A FEW OF MY PEEPS...THEY WERE WAITING FOR THIS ANNOUNCEMENT AND WILL BE JUMPING IN.
MARKED!
I wonder how that seller with 10 million yesterday feels right now? THANK GOODNESS HE'S OUT OF THE WAY!
See you over .004 Blade.
$ONCI THIS IS THE MOMENT WE'VE BEEN WAITING A YEAR FOR. IT'S SHOWTIME PEOPLE. STILL TIME TO GET IN ON THE CHEAP!
INCREDIBLY DETAILED AND ACCURATE POST FROM MONEYFORNUTHIN
Blade, I think we should all take heart in the fact that On4 is not unlike ALL startup businesses, especially public companies trading on the OTC... in that it can use any and all dollars it can drum up from just about any and all sources - but that the CEO selling HIS shares in order to raise that money is MUCH, MUCH better than taking on toxic convertible loans.
When SB sells his shares, whether he uses any or all of that money for personal needs or for loaning to the business directly, he IS EFFECTIVELY loaning the money to ONCI. WHY DO I SAY THIS? HOW IS THIS POSSIBLE? It's simple. Look at the financial reports. The liability "Due to related party" (due to SB) has increased with each quarter. This item is described clearly in the report. On page 15 of 21, it reads:
Quote:
The amount due related party of $1,590,640 represents the cumulative amount due Steve Berman, CEO at July 31, 2018 and includes loans totaling $571,473 made to the Company during the 9 months ending July 31, 2018 at 5% interest, plus accrued salary, reimbursable business expenses paid for the Company and his accrued sales commissions.
So think about that. So long as On4 owes SB any significant amount of money for loans and/or accrued salary and/or reimbursable business expenses and/or accrued sales commissions, then any time he sells his own shares, he is effectively loaning that amount to the company - -First, if the money is for personal living expenses and he's raising it by selling his shares, then this is in lieu of the company paying the cash outright; in this case, it turns out to be an interest-free loan, in the form of "accrued salary" or "accrued sales commissions" that have not yet been paid out to him. Second, any of the proceeds that are loaned back to the company (instead of being kept for personal use) are / have been accounted for as loans to the company with 5% interest. Well, there's no way in hell a small public company trading on the OTC gets any better financing than a straight non-convertible, non-collateralized (unsecured) loan with a 5% interest rate!
So whenever you hear trash talk about the CEO selling shares - at any price - think about the facts here.
And also remember this - selling his shares is NON-DILUTIVE. Those shares have been issued long ago, they are not adding to the O/S. Yes, it's true that SB is receiving some shares quarterly in lieu of cash for compensation (typically 7.5M shares, much fewer than the ~44M being sold each quarter). But again, you have to go back to - - it's much better for shareholders than for the company to take on toxic convertible notes in order to generate necessary cash flow.
NEW TO ONCI?
Here's a great write up from earlier this year that details a lot of what this little gem of a holdings company is all about:
https://internetbullreport.com/on4-communications-six-of-the-best-from-a-champion-stable/
$ONCI