On4 Communications Inc (ONCI)

[PharmacistByDay]

"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 currentlevel of 2,798,719,698 common shares to 1,298,719,698 common shares."

This info may be the biggest money maker for all of us. So many micro-penny stocks are unable to move due to extremely high levels of outstanding common shares. Berman is not letting this be the case for ONCI!!!

Merry Christmas!