On4 Communications Inc (ONCI)

[califax]

"Share reduction will come in 3 stages . I will be reducing more shares then previously announced. The first stage begins next week and involves a reduction of preferred shares."
http://ih.advfn.com/p.php?pid=nmona&article=75661271

(1)
In addition, I am retiring 30 million preferred shares: 15 million today and 15 million in 30 days. These are my own shares and I am retiring them as a Thank You to shareholders.
http://ih.advfn.com/p.php?pid=nmona&article=75710632

(2)
On4 Communications (OTC: ONCI) is proud to announce the reduction of the Outstanding and Authorized shares by 1.4 billion each. The new share structure will be reflected in the next quarter financial report due December 15. CEO Steve Berman states, “This reduction in shares has been a long time coming and current dialogue with FINRA has given us the confidence to proceed with this important step at this time.”
http://ih.advfn.com/p.php?pid=nmona&article=75739165

(3)
"The final retirement of the original 30 million preferred shares has now been completed, and will be seen in our next quarterly filing due December 15th. "
http://ih.advfn.com/p.php?pid=nmona&article=75762285

(4)
"The 3rd reduction of the share structure is as follows: I am owed a bonus of 150 million shares for my work in 2016 and 2017. I will not be taking this bonus and the 150 million shares will not be added to our share structure.
http://ih.advfn.com/p.php?pid=nmona&article=75803569

Summary:
30 million preferred shares
&
1.4 billion + 150 million shares common = 1.55 billion