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L II please
L2 please
716 million reasons to sell
That why i hate these pinky's
anyway lets play this game and see how we pull out
either we have water in China or we go under..LOL
allways the smart a**
My etrade account states ONMC is:
Market Cap 7.5 M
Shares Outstanding 98.6 M
anyone have different info?
OMG...are you kidding me!!!
rule 504 has nothing to do with shares sold on a public exchange. Why don't you do some more reading....my friend.
25,000,000 shares at .04 or
16,677,000 shares at .06 or
10,000,000 shares at .10 or
6,668,000 shares at .15
These shares are held by investors like me who either were selling or buying ONMC on the open markets.
Hello!!!!! to u 2
I get you...they only raised $20k from a 504
http://www.doyourdiligence.com/onmc/docs/ONMC-07075451regdex08202007.pdf
clink on link: http://www.law.uc.edu/CCL/33ActRls/rule504.html
read down to the bottom examples of rule 504_ sir
what would telling you where I was during August 2007 and January 2008 help you understand any of this?
This Money doesn't mean anything to me...I have written this off years ago....sure I probably could recoup a fraction of what I paid for it (look at the 10 year chart)....but whats getting me is that these guys are doing it again...and they are doing it to you. I guess if they had called me up and ask me for $20k for 200,000,000 shares and I agreed to buy them and then sold them to you for whatever price you paid how would you feel?
To have 200,000,000 shares hanging over the bid/ask wouldn't make me feel very comfortable...I keep asking myself how is this a good thing? why does everyone else on this board keep dismissing this as if it means nothing? what happens when these shares hit the market?....I think down is the direction.
Here is the URL for the 504 filing:
http://www.doyourdiligence.com/onmc/docs/ONMC-07075451regdex08202007.pdf
And NO I am not a basher...I still hold hundreds of thousands of shares. I want it to succeed as much as any but I feel betrayed by this guy Jesse Rodriguez.
Blue;
That's my point...this isn't a private company. This has been a public company for a long time. I know because I bought into this stock over 6 years ago and have added more shares over time. I have waited patiently for things to come together...and now we are finding out what has been going on behind closed doors. If you say that they bought a controlling interest in a private transaction there are rules for that which require shareholder approval. Geesh....this thing is just getting worse
you say: IF MORE PEOPLE EDUCATED THEMSELVES ON THE GUIDELINES OF A 504 THEN THEY WOULD NOT BE SO EASILY INFLUENCED BY IGNORANT POSTERS WHO CLAIM DILUTION WHEN IN FACT THE COMPANY CAN ONLY RAISE UP TO $1M IN A 12 MONTH PERIOD. THIS STOCK HAS TRADED TENS OF MILLIONS OF DOLLARS IN VOLUME. ANYONE CLAIMING DILUTION AT THIS LEVEL IS JUST PLAIN OLD WRONG IN MY BOOK
What does this have to do with the fact that jesse sold ONMC out? 200 million shares to MG Financial LLC for $20k
what do you think this does for shareholder value?
under rule 504 the company cannot raise more than $1 million in 12 months....ONMC only raised $20k. Get it...
The Value of an Offering Document
Although Rule 504 has no prescribed disclosure requirements, you should always prepare and use an offering document for YOUR PROTECTION. The exemptions from registration provided by Regulation D do not include exemptions from the anti-fraud or civil liability provisions of any of the federal or state securities laws. These provisions are broad and include civil and criminal penalties for the misstatement or omission of facts that are relevant to making a fully informed investment decision.
If your company makes a Rule 504 offering without providing investors with an offering document, your company, its board, and its principals will be at an extreme disadvantage in defending themselves if your business is confronted with a securities fraud action.
A Rule 504 offering document does not require the detailed disclosure of a Rule 505 or 506 offering, but it should include the following information:
A description of the business being conducted and/or intended to be conducted along with the general development of the business during the preceding five years or as long as it has been operating, if the business is less than five years old.
A description of the principal products or services, their principal markets, and the methods of distribution.
A description and cost summary of any research and development activities during each of the last two fiscal years.
The number of full and part-time employees and their special qualifications.
A description of any special characteristics of the company's business or industry which may have a material impact on future financial performance. These may include existing or probable governmental regulations, dependence on one or a few major suppliers, unusual competitive industry conditions, etc.
Summaries of the principal factors that make the investment risky. These factors might include:
An absence of an operating history.
Lack of profitable operations in recent periods.
The company's general financial condition.
Lack of a trading market for the securities or restrictions against transfer.
Conflicts of interest between the company and its management.
Reliance on the efforts of a single individual.
If there is a material disparity between the offering price of the securities and the effective cash cost to officers, directors, promoters and affiliates for shares acquired during the preceding three years, there should be a comparison of such prices.
The uses and allocation of the proceeds.
A brief description, including the location and character of the company's principal facilities and other important physical properties. If any are leased, include the basic lease terms such as length of lease, rent, renewal options, etc.
Relevant information regarding directors, officers and significant employees. (Include information such as ages, educational backgrounds and business experience, as well as any special information such as criminal convictions, bankruptcies, etc.)
The aggregate annual compensation of the three highest paid officers and directors, and the total for all officers and directors.
The security ownership of each officer and director, and the identity of each person owning 10 percent or more of the company's shares. (Include the ownership of outstanding warrants or options to purchase additional securities by any of these individuals.)
All significant transactions between the issuing company and any of its officers, directors or principal security holders within the previous two years or those presently contemplated.
A detailed description of the securities being offered. Include such matters as dividend rights, voting rights, liquidation rights, preemptive rights, conversion rights, redemption provisions, sinking fund provisions, liability for further calls or assessments, restrictions against sale or transfer of the securities, etc.
A description of how the securities are being sold, the purchase price commissions percentage, if any, the minimum number of securities that must be sold for the placement to be effective, etc.
Financial statements that conform to Generally Accepted Accounting Principals.
It is necessary to provide accurate and complete information to prospective investors in order to eliminate potential liability. The exact scope of these disclosures will vary depending on your business and the transaction.
WHY WOULD ANY COMPANY WITH ONLY A FLOAT OF 18MIL AGREE TO SELL 200MIL SHARES FOR $10K?
If you look at the 504 filing for ONMC Jesse took a salary of $5k and allocated $4k for something else. ONLY $10K WENT TO THE COMPANY FOR GENERAL EXPENSES.
People sell Shell Company's with more shares outstanding for $300-$500k and usually @.25 cents per share. Get real people
http://www.sec.gov/answers/rule504.htm
Rule 504 of Regulation D
Rule 504 of Regulation D provides an exemption from the registration requirements of the federal securities laws for some companies when they offer and sell up to $1,000,000 of their securities in any 12-month period.
A company can use this exemption so long as it is not a blank check company and does not have to file reports under the Securities Exchange Act of 1934. Also, the exemption generally does not allow companies to solicit or advertise their securities to the public, and purchasers receive "restricted" securities, meaning that they may not sell the securities without registration or an applicable exemption.
Rule 504 does allow companies to sell securities that are not restricted, if one of the following circumstances is met:
The company registers the offering exclusively in one or more states that require a publicly filed registration statement and delivery of a substantive disclosure document to investors;
A company registers and sells the offering in a state that requires registration and disclosure delivery and also sells in a state without those requirements, so long as the company delivers the disclosure documents required by the state where the company registered the offering to all purchasers (including those in the state that has no such requirements); or
The company sells exclusively according to state law exemptions that permit general solicitation and advertising, so long as the company sells only to "accredited investors."
Even if a company makes a private sale where there are no specific disclosure delivery requirements, a company should take care to provide sufficient information to investors to avoid violating the antifraud provisions of the securities laws. This means that any information a company provides to investors must be free from false or misleading statements. Similarly, a company should not exclude any information if the omission makes what is provided to investors false or misleading.
While companies using the Rule 504 exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what is known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company’s owners and stock promoters, but contains little other information about the company.
If you are thinking about investing in a company making a Rule 504 offering, you should call the SEC’s Public Reference Branch at (202) 551-8090 or send an email to publicinfo@sec.gov to find out whether a Form D has been filed or to obtain a copy. If the company has not filed a Form D, this should alert you that the company may not be in compliance with the federal securities laws.
You should always check with your state securities regulator to see if it has more information about the company and the people behind it. Be sure to ask whether your state regulator has cleared the offering for sale in your state. You can get the address and telephone number for your state securities regulator by calling the North American Securities Administrators Association at (202) 737-0900 or by visiting its website. You’ll also find this information in the state government section of your local phone book.
For more information about the SEC’s registration requirements and common exemptions, read our brochure, Q&A: Small Business & the SEC.
http://www.sec.gov/answers/rule504.htm
I like the story and the business plan makes sense..."selling anything to China" makes sense. Its a colossal market thats only getting bigger (fastest growing economy in the world 11.3% anually)....billions of people and major water problems..
so we need to do more D&D and get this right
So we should stifle questions about share structure...because they posted in right in front of us?
1billion authorized is good?
716 million Issued and Outstanding is good?
huh doc?
Hardmoney84
is that true....can you prove MG financial has 200 million shares that it got in a 504 deal for $20,000?
Let me answer you this Question
50 million free trading is good if it can be proven
216 million in the float means many insiders, officers, and previous secret deals hold shares and/or options on shares that could be traded into the market (dilution of price)
and last but not least this 500million block of restricted shares are for whom? Iroquois Water Ltd.? or AQUAGOLD International? is this the reverse merger.
This all spells dilution
Share Structure: ONMC
Authorized: 1 Billion
Issued and Outstanding: 716 Million
144 Restricted Control Block: 500 Million
Public Float: 216 Million
Free Trading: est. 50M (currently)
anyone want to explain this?
1) 50 million free trading...estimated?
2) 216 million public float? options/ free shares issued
3) 144 restrictd block of 500 million? for whom?
could be in for a dilution?
Share Structure: ONMC
Authorized: 1 Billion
Issued and Outstanding: 716 Million
144 Restricted Control Block: 500 Million
Public Float: 216 Million
Free Trading: est. 50M (currently)
anyone want to explain this?
1) 50 million free trading...estimated?
2) 216 million public float? options/ free shares issued
3) 144 restrictd block of 500 million? for whom?
could be in for a dilution?
You can all thank me...
when this was tanking I put in a "live" order to buy 200,000 shares @.07 and sure enough this baby moved right back up.
I suppose I scared the hell out of someone
reason for the price drop?
Thats because we all have "buy" orders @.077 and the MM's decided to go ahead and sell you some shares...
or maybe someone decided to dump 1million shares fast
So as this sale works its way through the system some of the sales are to other MM's and when thier are no more sellers...we should see price back up....the buyers will drive the price back up to the .09 average and the MM's will sell some of the shares they accumilated today tomorrow.
This action today is clearly someone with a big position that wanted to sell..
This stock looks too much like its being manipulated....if real big buyers came in they would let it run...right? and then let it fall back down (from .18 back down to .08)
ok..good idea
that is the most rediculous answer I have ever heard....we don't "hit the ask"? This stock should be moving up with this volume...the question is who is selling? at some point the shares are going to run out... and someone is going to be very short....
Why is this stock not up 10% today?
I confess.....I bought today at .075 LOL
he he he
I am buying today....bottom fishing for sure. Strickly from a technical perspective this stock is going up 50% - 100%.
Buy on the rumor...sell on the news
or is it sell on the rumor and buy on the news?
I think this one will be buy on the rumor and buy more on the news!!!!
stock will drift upward as we get closer to deadline for name change...however I believe the Chinese investors are waiting for this announcment before they make thier move (buy). I can assure you this is an easy 100% return on your money in the next 2 weeks. But I am waiting for .50-.75 for my first cash sale.
Who in there right mind would sell 3,331,617 shares today knowing that Aquagold will complete their merger by January 15th?
I don't know for sure when the PR will come...but when it does look out! I have money in reserve for this stock...and will jump in for more when I KNOW that the merger is complete and the new name change and cusip are in place. However as the weakest links sell I will continue to nibble....I wouldn't mind buying more shares in the .05-.06 range.
why did you only buy two shares? just curios... -&-
I have owned (pinkies) before...and every time I decide to sale my stock in that company thinking I am being smarter than the other guy it then goes up 100% so if I decide to sale....you should BUY..ha ha ha ha
Why the side ways trading?
I believe you got some sellers who (got lucky as heck) and bought this baby at .01 or .02 and are just taking some money off the table And some buyers who are doing their D&D and/or are being told by insiders to start accumulating the stock for the big news that is coming... i.e. completion of merger, financial statement, future orders for the product.
If I knew something that wasn't public knowledge about the company I wouldn't put it online here....LOL
I am laughing all the way to the bank...Go ONMC!!!!
Here are the "dips" that I am talking about...
Buying opportunities coming our way....the weak links are selling, my broker says Thank you.
I don't know and if I did I wouldn't confirm it....because I would be buying "hands over fists" But obviously there is going to be a symbol change with the completion of the mearger.
There is always money for good companies....the trading on this stock (ONMC) is very tight....especially for pinkies. I would either hold or continue buying on the dips...this baby is winding up like a spring. No joke....
From my charts I see that someone wanted to buy a position of 500,000 shares enough to pay .10 or higher today. I believe that insiders are loading up while waiting for the inevitable good news. Aquagold now trading under new symbol!!!!
no new post? has anyone spoken to the company president lately?
I will not sale at these prices! In the next few months we will all look back and laugh. .35 -.55 coming