On4 Communications Inc (ONCI)

[0ne of these days]

I hope people know how to read the financials tomorrow.

1. It's Q2 ending in JULY prior to all of the new deals
2. All income is not collected and realized immediately on signed contracts
3. You are looking at a snapshot in time, a financial report is not a fluid document and in this case that snapshot is Basically obsolete with all of this new activity. Those reading need to be aware of the time differential and Emerging business and not make a decision on a bottom line number.
4. You cannot look and analyze a financial without a COMPARISON of the previous quarters and previous year to dates.
A. Variance % in net revenue
B. Variance % in net income. (Both different indicators)
C. Variables % in payables and receivables including short and long term debt.

If a reader looks at a single revenue or net income value they CANNOT correctly interpret the reports. With all of,the misinformation and 1/2 truths that get spread around I just want to make sure everyone is aware of what they are actually looking at. (I have seen a number of posts that indicate they think the financials are Q3, which is not closed out for another 2 weeks)