On4 Communications Inc (ONCI)

[Digging For Pennies]

$ONCI:

- Has a CEO with proven track record of generating revenues.
- Has a CEO who is very transparent compared with most OTC companies
- Is current in all filings
- has a current 1.5 bil share reduction in process
- has recently signed deals with 7+ revenue generating vendors
- has a CEO who recently stated that he has been in talks with 3 MJ companies who he plans to solidify relationships with by leveraging the revenues from the FMS deals which are already signed
- has stated that the biggest signed revenue generating deal to date is going to be announced tomorrow.....

Am I missing something here?

Everything seems to be on top. Missing a few info...

Dec. 16th, 2016
Price Closed: $.00175

*****Is current in all filings?*****
Ans: Yes
Link: http://www.otcmarkets.com/stock/ONCI/filings

Proven Track Record: Consistent...
June 14th, 2016: Quarter
Sept. 15th, 2016: Quarter
Dec. 15th, 2016: Annual


*****has a current 1.5 bil share reduction in process? *****
Ans: correct

Nov. 14th, 2016
ONCI HAS BEGUN the PROCESS of REDUCING the O/S by 1.5 BILLION
Link: http://ih.advfn.com/p.php?pid=nmona&article=72906427

Dec. 15th, 2016

The Company is in the process of filing with the State of Delaware to change its authorized share capital from 5,030,000,000 shares (5,000,000,000 common shares and 30,000,000 “ Series A” preferred shares) to 3,500,000,000 common shares and 1,530,000,000 “Series A” preferred shares. Concurrent with this change, Steve Berman, our CEO, intends to surrender his 1,500,000,000 common shares in exchange for 1,500,000,000 “Series A” preferred shares. After this exchange, the total issued and outstanding common shares will be reduced from its current level of 2,798,719,698 common shares to 1,298,719,698 common shares.


From: 2,798,719,698
Current: 1,298,719,698

= 1,500,000,000

Link: http://www.otcmarkets.com/financialReportViewer?symbol=ONCI&id=164183


*****has recently signed deals with 7+ revenue generating vendors*****

Dec. 2nd, 2016

ONCI Secures 7 New Vendors and Launches Global Distribution

New York, New York --December 2nd, 2016 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC Pink: ONCI) - On4 Communications (OTC Pink: ONCI) today announced its expanded presence in the USA due to increasing demand for the Company’s premium FMS drive safe App. The Company also announces the launch of the FMS App on a global scale with CEO Berman departing for Europe today.  

CEO Steve Berman states, “A common denominator throughout the global driving landscape is the pressure young driver’s face in remaining focused on the road. At the same time, insurance companies and auto dealers are recognizing that they need to invest more in digital transformation initiatives that will help evolve young drivers to safer standards. We are proud to announce that our FMS drive safe App is the 1st App in this space to be distributed on a global basis. We are gaining incredible traction and we expect to continue signing new vendors on a global basis to meet the growing demand. It takes approximately 6 months for full vendor implementation to deduce an accurate “average” monthly revenue amount per vendor. We are extrapolating an “average” of $9K in recurring monthly revenue per vendor.”

FMS: Generate $35K Revenue Per Month, without securing 7 "NEW" Vendors. With 7 Vendors * $9k = $63,000

$63,000 + $35,000 = $98,000.00
.49% goes to ONCI per month.
Link: http://ih.advfn.com/p.php?pid=nmona&article=73052705


Dec. 9th, 2016

ONCI Announces Joint-Venture with Digital Media Management & Consulting
 
 New York, NY -- December 9, 2016 -- InvestorsHub NewsWire -- On4 Communications, Inc. (OTC Pink: (OTC: ONCI)) - On4 Communications (OTC: ONCI) is proud to announce that it has agreed to a Forty-Nine Percent (49%) Joint-Venture equity/ownership stake in Digital Media Management & Consulting, a fast-rising digital signage privately-held company headquartered in New York, NY.
 
The team at Digital Signage Systems http://www.dmmc.tv/ have been working with content owners for the past 10 years, gaining extensive industry expertise and experience in developing and delivering high profile, premium digital signage network services.  The DMCC platform supports advanced implementations of electronic sell-through and content advertising supported networks.  Each of these business models are major requirements for owners and rights holders of entertainment content interested in rolling out new digital signage services.
 
ONCI CEO Berman states: “The completion of this Joint-Venture with DMCC better positions us with our target MJ companies and provides us with a perfect partner for our soon to be announced Cannabis App Development Company. With my well-established industry contacts, we can now offer Digital’s growing customer base a compelling platform for all premium digital content with support for all types of business models.” 
 
“DMCC has recently established an initial customer base that is now ready for rapid growth and expansion and we’re excited to make them our newest subsidiary.  Our combined extensive industry knowledge of best-in-class digital entertainment services, App Development, advertising and sales, offered in combination with Digital’s experience in delivering audio, video, social media, IoT and other technologies together in a way that no other platform can, positions us favorably to capitalize on our combined opportunities .”
 
“The digital signage market is accelerating rapidly in the U.S., Europe and other parts of the world, and represents a large and growing addressable market for the combined company,” said Steve Berman, ONCI CEO. “The timing of this Joint-Venture simply could not be better as Digital Media has recently positioned itself with clientele such that The Company anticipates current revenues to increase by a factor of 10 within the next 30 days with announcements to follow."