![](https://investorshub.advfn.com/uicon/3582.png?cb=1557781933)
Saturday, September 23, 2017 5:36:32 PM
Share Reduction in Layman's Terms!
As of last reported financial statement on 9/15/17:
Authorized Shares:
5,030,000,000
Outstanding Shares:
3,813,547,369
Preferred Shares:
30,000,000
The Preferred have No Common Share Value!(First pic below from Financial Statement)
They are super voting shares Only, at a vote conversion of 5000 votes for 1 Preferred Share!(2nd pic below)
The retirement of the Preferred Shares will reduce the Authorized Share Count to 5 billion!
![](http://investorshub.advfn.com/uimage/uploads/2017/9/23/xgdquScreenshot_20170923-155655.png)
Per the pic below, Steve was given 1.5 Billion shares of Restricted Common Stock. These shares Are a part of the Outstanding Share Count! However, Steve has indicated he would like to convert those to Preferred Shares! This would reduce the Outstanding Share Count by 1.5 Billion Shares, and still give Steve the Voting Rights of that amount of shares. He also was given the right to purchase 50 Million shares of Restricted stock at .0001 a share, And he gets options for 70 Million Shares at reduced rates broken down over a 7yr period! He also is compensated as outlined in the statements below.
![](http://investorshub.advfn.com/uimage/uploads/2017/9/23/gqmyzScreenshot_20170922-174242.png)
So basically we can assume the following after share reductions:
Authorized Shares:
5,000,000,000
Outstanding Shares:
2,313,547,369
Preferred Shares:
1,500,000,000 (Voting Only at 1:1)
This is only posted to help with any confusion about the recent PR regarding share reduction. The information is based on the ONCI Financial Statement. I do not know if the A/S or O/S will be increased or reduced to accommodate any future plans, or if there are any other reductions planned. Invest at your own risk!
I AM
G'luk
Recent ONCI News
- Form SEC STAFF ACTION - SEC Staff Action: ORDER • Edgar (US Regulatory) • 10/17/2023 06:00:03 PM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM