On4 Communications Inc (ONCI)

[panther6262]

Need to read the PRs and understand how the business may work.

Go back and read all of the PRs, Q3 and realize ywar end was 10/31.

if for example one of the 1.2m contracts was signed in August for units at 100k per month and delivered in Oct. Most likely 100k will show as Q4/2017 revs. the rest will be in 2018.

Most if not all of the contracts signed in Sept/Oct will show in 2018.

Having said that there were contracts signed earlier(many) than Sept all year that will show in Q4/2017.

Q4 will be great. Upcoming Qs will be bananas.

From what is public and based on all of the above my guestimate is 2-3m revs for 2017 which is up from Zero plus debt a year ago. 20m-ish for 2018 (and more but I stopped keeping track for 2018 cuz revs are clearly stacking up nicely). That doesnt count any other revs or things not public.

To my knowledge there is no credit facility and the acquisition of cogosense was paid for or being paid for with incoming revs. 3.6m in 6 installments if I recall correctly - By doing so they will get 100% of driving app cash instead of half and half with cogosense.

Thats where the cash is most likely going. Some shares to pay off debt. Clean books and mega revs moving forward. Plus potential catalysts with major companies in the mix.

Hard not to have a decent position here as it will blow up, just when not if. If you have the patience. Or if your willing to try and time it or chase it.

Im thinking Qtraders math may be extended out too far as I think if not everyday that many days more than 1m shares have been dumped for the debt. Especially into good news.