On4 Communications Inc (ONCI)

[Agentnguyenr]

Thank You All, I would like to add some new DD's that may interest you guys how fast CEO (Steve Berman) progressing...

Jun 23, 2016
OTC Disclosure & News Service

On4 Communications Provides Shareholder Update; Initiates Reduction of Authorized Shares

NEW YORK, NY--(Marketwired - Jun 23, 2016) - On4 Communications, Inc. (OTC: ONCI) is pleased to announce that the company will be filing the necessary paperwork with the State of Delaware to reduce ONCI's authorized shares to 3.75 billion shares, which is a reduction from the current 5 billion shares currently authorized. The company had previously stated in a letter to shareholders that it would be reviewing the authorized shares in order to determine a balance between immediate shareholder interests while allowing room for strategic acquisitions. Just over 1.5 billion shares are restricted of the issued and outstanding.

What, Am I reading this right? 5 billion shares down to 3.75 billion shares. That's right! Check what's today... "Proves that he's reducing OS".

As of today;
OS: 3,006,417,948
Float: 1,650,006,641

Yes, CEO reducing shares... Since June (3.75 bil) Major Progress!!!