On4 Communications Inc (ONCI)

[QTRADERQ]

AS WILL BE RAISED FROM 3.63 BIL to 4 BIL if ONCI merges into Hexagon.

ONCI SS IS 5.03 BIL AS before the 1.4 Bil AS. Leaving 3.63 Bil

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.
https://www.otcmarkets.com/stock/ONCI/news/On4-Communications-Has-Reduced-the-OS-and-AS-by-1-4-Billion-Shares?id=170976&b=y

HEXAGON SS IS 4 BIL as per the Colorado Articles of Incorporation.

AS increased 370 mil

Meanwhile, Steve Berman said the OS would be reduced by 1.4 Bil. It's currently ~3.8 Bil BEFORE this reduction. Afterwards, the OS would be 2.4 Bil ... plus any additional dilution which comes from the Livingston 3a10 dilution, which could be significant. (The dilution in a 3a10 transaction increase as ONCI stock price declines.)

What shareholders do not yet know. Will Steve Berman have a 1:10, 1:100 or no RS as part of the proposed ONCI/HEXA merger.