May 19th, 2016: Ceo "confirmed" no reverse split = No Dilution!!!
June 6th, 2016: "Letter to shareholder" On4 Communications Issues Letter To Shareholders
Dear Fellow Shareholders: I would first like to thank all of the shareholders for their continued support of On4 Communications. I want to acknowledge all those that have contacted the Company and me via email, phone, and social media. You are appreciated and we are listening to you. Together we are building something very special and I’d like to take a few moments and cast a vision for our near future while providing updates about progress that has already been made. I may not be able to make everyone happy all the time but I promise you and commit to every shareholder that I am bringing all my years of success, business savvy, and bulldog-work-ethic to the table here to create a profitable monster.
PRIMARY GOALS AND VISION As the new CEO of On4, I have two immediate primary goals: revenue creation and share price appreciation. On4 Communications is now a holdings company. As the parent company On4 will hold an entire portfolio of healthcare-related companies that we both start and acquire. If there is one thing that I hope this letter communicates it is this: I am not thinking small. I am thinking big and disruptive and over the next few weeks information will be unveiled that brings this fact into clearer focus.
FULLY REPORTING COMPANY Becoming fully reporting is a vital step in what I believe will be a momentous business journey. My sights are set on a higher exchange (OTCQB), but immediately establishing that On4 is a cut above a typical Pinksheet company is of utmost importance to me. The best way to begin achieving this is to create a culture of transparency that a fully reporting status ensures. The Company has identified a capable PCAOB (pcaobus.org) certified accounting firm that could complete a company audit and file any/all additional paperwork necessary with the SEC for On4 to achieve fully reporting status. I will keep shareholders abreast of all progress toward this important goal.
Eligibility Requirements *****Meet minimum bid price test of $0.01 *****Not be in bankruptcy *****Be listed on a Qualified Foreign Exchange or be a U.S. *****Reporting Company (SEC, Regulation A or U.S. Bank)
Reporting Requirements *****Meet one of the following Reporting Standards: *****SEC Reporting Standard *****Regulation A Reporting Standard *****U.S. Bank Reporting Standard *****Verification Requirements *****Maintain a Verified Company Profile Post initial and annual OTCQB Certification
For more detailed information on how to qualify for the OTCQB market, please see the OTCQB Standards.
OUR FIRST COMPANY These are truly exciting and historic times for On4 Communications. The first child company that On4 will create is a disruptor in the dental-care industry. Several contracts are already on the table between On4 and networks of elder-care facilities for On4 to provide on-site dental care on a consistent basis. All of our equipment will be transported inside each facility so patients do not have to risk going outside to a mobile bus or a nearby clinic. We bring everything necessary for the dental care inside the facility. This reduces the exposure of the care facility to accidents and lowers their insurance costs. The dental staff we hire is on a contract basis which is cost-effective as the Company is not responsible for additional benefits. We currently have contracts on the table with facilities in New York, New Jersey, Connecticut, and Florida.
ACQUISITIONS At the time of this release we are currently in advanced discussions with 2 companies within the healthcare sector that represent immediate revenue generation for On4. We want any/all of our acquisitions to be profitable or on the verge of profitability. And we want to be able to acquire these companies through preferred shares, restricted shares, and/or cash-on-hand. One of the reasons I chose to go the public route with this company is the leverage it afforded me to acquire companies through strategic share deals. Because of my proven business background I believe that I will identify and secure a portfolio of profitable healthcare companies that add tremendous and immediate value to the parent Company. Details concerning these acquisitions will be forthcoming soon.
PROOF #1: Acquisition of FMS. +/- (MMJ's) Explanation: ONCI acquired FMS on Nov. 4th, 2016 ONCI Acquires Family Mobil Safety(FMS) Marketing and Prepares to Implement Immediate Growth Acceleration
NEW YORK, NY -- November 4, 2016 -- InvestorsHub NewsWire -- On4 Communications ( OTC : ONCI ) is proud to announce that it has agreed to acquire a Forty-Nine Percent (49%) equity/ownership stake in Family Mobil Safety(FMS) Marketing.
The FMS revolutionary safe driving app is currently generating Thirty Five Thousand Dollars ($35,000) in average monthly revenues and is expected to increase the recurring monthly revenues as organic traction amongst auto dealerships and auto insurance companies begins the next stages of growth. To protect the privacy of the current FMS App merchant and vendor network and in order to avoid an influx of unsolicited calls to the FMS App merchant and vendor network, ONCI and FMS have agreed to not disclose the name of the App in today’s announcement. The FMS safe driving app does a number of things to keep your attention on the road while you're driving and not on your smart phone. As soon as the FMS app detects that the vehicles wheels are in motion the App automatically shuts down all voice and social media communication ability for safe, distraction-free driving. The safe driving app by FMS features 3 key components as follows: -First, the app is automatically enabled as soon as you start driving and automatically replies to any incoming text messages in a way that's similar to an out of office message so the text sender knows you're driving and can't reply right now. -Second, it silences audio tones for texts, emails, and phone calls. -Third, it blocks Web browsing, texting and outgoing phone calls—except for emergency 911 calls. CEO Steve Berman concludes as follows, “We are thrilled to announce the acquisition of FMS and their distribution network of the revolutionary drive safe App, as it immediately brings a profitable company into the fold. In fact, we will be announcing the closing of a number of final stage vendors which will provide a substantial increase in FMS/On4 Communications recurring monthly revenues over the coming weeks, so please stay tuned.”
Proof #2 Explanation:
Medical Marijuana Home / Medical Marijuana "As of late November 2016 The Company is currently in advanced talks with two private MMJ companies and one publicly traded MMJ company about strategic Joint-Venture partnerships. The Company intends to build a portfolio of MMJ-focused companies, services, and partnerships."
SHARE REDUCTION AND RETIREMENT As an investor I understand the law of supply and demand. As CEO I am committed to being responsible with the ONCI share structure. Concerning the matter of reducing the number of authorized shares, the Company is currently working with an attorney to strike the balance between creating immediate value for our shareholders while allowing room for strategic acquisitions. The question is how much can we reduce and I want to maximize this number for the sake of our valued stakeholders. I would hope by now that interested parties can clearly see by the trading action that no new shares have hit the market and frankly I am very proud about being the CEO of one of the cleanest trading stocks on the OTC. One thing I am not proud about is that ONCI still trades sub-penny. I understand that the stock has come a long way since I took the Company reins but I am not interested in the price remaining sub-penny. I believe that with our current share structure ONCI deserves to be trading well above a penny and I will continue to work hard to show investors why this is the case.
Proof #1 Explanation: Date: June 23, 2016
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.
5 Billion A/S down to 3.75 Billion Shares.
Proof #2 Explanation: Date: Nov. 14th, 2016
ONCI Announces 1.5 Billion Reduction in Outstanding Shares
New York, New York--(InvestorsHub Newswire – November 14, 2016) – On4 Communications, Inc. (OTC Pink: (OTC :ONCI) - On4 Communications (OTC: ONCI) is proud to announce that CEO Steve Berman is in the process of initiating an immediate share retirement of his 1.5B restricted 144 shares.
On4 Communications, Inc. (OTC Pink: (OTC :ONCI) - CEO Steve Berman explains, “I am thrilled to announce the retirement of my 1.5B restricted 144 shares which were issued on July 31st, 2016. The immediate retirement of my restricted share position lowers ONCI’s O/S from 3,006,417,948 to 1,506,417,948 and this change in our Outstanding Shares will be reflected in our pending OTC Markets updates and filings. My goal is to cultivate and create all the conditions necessary for a rapid improvement in shareholder value for ONCI and its core holders.”
IN CLOSING We are busy. We are active. Our story is just beginning to be told. When I served at Time Warner NY I grew the marketing income from $11M to over $100M. On4 is my baby that I plan to nurture and grow and then in the not-too-distant future walk her down the aisle. I genuinely hope that you will be a part of this adventure. Sincerely, Steven Berman, CEO
