On4 Communications Inc (ONCI)

[ford7319]

Qtrader, interesting that you say that.

I had a conversation with a source who works at Well Fargo.

Here is what he said. Keep in mind.
This F/T job has me consumed not to mention after work activities. I'm in the office now and forgot all my notes I took during the conversation with the WF source last night.

From memory and my memory is horrible:

- Stated the loan was approved by 1 or more banks.
- ONCI used receivables as collateral.
- Stated loans of this size must have proven revenues and net worth of $50 mil plus
- Stated reason for the loan was 20 signed contracts with car makers such as BMW, Ford etc.

That's pretty much it. Just like you said Winston I'm hoping the CEO PR's this information.
GLTA