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You don't appear to understand what dilution is.
The company would need to issue more shares (with a corresponding SEC filing) for that to happen.
Hell yeah!
We're in the lunch lull. Good time to buy more.
Any proof that ONCI has filed with FINRA for a name / symbol change?
When can we expect the name / symbol change?
You can edit your own posts for 15 minutes.
Click on your own post, and on the right side you will see "edit...", unless 15 minutes has gone by already.
That won't happen until after the 12th.
And they won't even file the FINRA paperwork for a name change until sometime after the 12th, so it could be August (if we are lucky) before the name change actually happens.
Can someone explain those 5th digit trades?
Things like $0.00015, How do those exist?
Not a fact bud.
Stocks go up and down. You buy low and sell high. That's how the game is played.
That would be a forward split dude.
You don't appear to understand what dilution is.
That won't happen unless we get another PR this week.
The momentum has slowed too much.
When the name change goes through that would do it also.
I agree.
You're a troll. You're saying the same garbage over on the N*CA forum.
Clearly, you've never been through an RS and lost 10's of thousands of dollars.
I have. Reverse splits don't work for penny stocks. The price quickly comes back down lower than it was before the RS and screws all the old investors.
~5 Bil is pretty typical for a penny stock.
There is no indication of a reverse split at this time.
The company has done a reverse split in the past and the price came back down pretty fast, so the company knows it is pointless to do a RS.
The SEC 144 recently gave him enough money to buy 1.5 billion shares from the company treasury at par value. He can then retire those shares.
Absolutely, I have no problem with that, I would do the same.
I am curious about where he will get the cash to reduce the OS though. He can reduce the AS from the treasury at par value, but the OS ends up being at market value.
His previous sale was on Mar 16th. They just want to know what company holdings he has sold in the last 3 months in section II.
This document applies to the 44,000,000 shares which sold (most likely) on June 18th, when the price exceeded the desired price point of $0.0036, and the volume supported the sale volume he requested from the SEC on 5/18/18.
Yeah, and he conveniently made sure there was a PR on that day to make sure he got the price up high enough to sell his 44,000,000 shares for at least $0.0036 per share.
Yes, exactly.
Berman is asking the SEC to allow him to sell 44,000,000 shares on a date sometime in May or June 2018 in this document. He has until June 30, 2020 to do so.
The share price was chosen based on market price on a date between 5/07/18 and 5/18/18. They chose $0.0036 (the high on 5/07/18).
Hence the sales price he was authorized for- $0.0036
Higher than the current market price.
Yes, verified in the past.
That's not the sale he's asking the SEC for. It's $0.0036
You are reading the document incorrectly.
Box 3c (44,000,000) is the number of common stock shares he is asking the SEC to approve of him selling at the total sale price in box 3d ($158,400) = share price of $0.0036
Table II is any sales the SEC has approved in the last three months. Berman, in the past 3 months, had sold 13,577,788 shares for a total sale price of $32,005 for a share price of ~$0.0024
No, he isn't.
If he understood how to read the document, he would not have put his comment in red (as if it were some kind of major problem).
He would not have pointed out Bermans previous sale price, he would have pointed out the increase in Bermans sale price.
And, he would have made note of Bermans sale price being higher than the current market price.
He's selling at $0.0036
$158,400 / 44,000,000 = $0.0036
His previous sale was at ~$0.0024.
His sale price is going up, as one would expect.
Ah, I see.
Why the hell did he misspell, and not capitalize NECA?
But his statement makes no sense. "when the approval to Hexagon occurs" means FINRA has approved the name change, and the name change will occur anyway.
mary777 has access to the same information we all do. If she has access to more info than we do, then maybe she requires a visit from the SEC.
Because the Linkedin site shows you who is involved with the company.
That's a different (unrelated) company.
It's proof I tells ya!
Proof he bought toner for his printer.
Because the share price of any company is purely determined by public perception. The price can only be as high as someone is willing to pay for it. It is a lot like a piece of artwork in that way.
The only time a companies share price is directly related to the companies value is at the initial public offering, when the SEC has assigned a share price based on the company valuation and number of public shares being offered.
I tried info@on4inc.com and info@hexagonholdingscorp.com
They both were returned as undeliverables.
I bought into this company about a month and a half ago. Now I am just waiting and hoping it goes up a little more so I can dump this sh*tpile before it slides downhill.
Well it didn't work for me. Please let us know how you emailed a non-existent address.
And the two fake email addresses on the info page above don't give us much hope either - info@on4inc.com , info@hexagonholdingscorp.com
Tried them both, both fake.
What are FINRAs requirements for a name change? I mean, besides the $25 fee, they either have hoops you need to jump through to change the name, or Steve hasn't even tried yet. This thing should have changed a long time ago.
What proof do we have ONCI has filed with FINRA for a name change?
In a conversation with a "Marketwatch" employee.
Spare Backup Selling Intellectual Property Rights To Microsoft Corp. said Cery Perle, CEO of Spare Backup, Inc. The rights to our "Spare Mobile" software will be sold to Microsoft Corporation on March 19th, 2014, at a total profit of $31M. Microsoft corporation plans to rename the product and bundle it with it's Microsoft phones and tablets.