On4 Communications Inc (ONCI)

[albino moose]

It's been fun, folks, BUT

I gotta say-- I fully believe this company has a real product with real potential. But it does it not feel like we've been strung along on several ends?

Obviously, the most important part of running a business is making money, so Steve's focus will understandably be on generating sales. But shareholders are the next most important stakeholder-- and the information given to shareholders has remained limited. If an audit takes longer than expected, that's fine. But please communicate that to shareholders. Until 4pm on Wednesday we were under the impression that audited financials would be released on Jan 31. Then after-hours on the due date we find out that the ball has been dropped.

$ONCI's leaving more to be desired also shows on its SEC reporting- while not delinquent, it has a "YIELD" warning on OTCMarkets.com due to limited reporting.

Lastly, it's a bit alarming that the liabilities and obstacles to this company's business/state registration endeavors have been vaguely communicated (if at all). Again, I get that the CEO is busy trying to make money, but investor confidence goes a long way.

This isn't to say ONCI will not be a successful company in the future, but you can't expect the PPS to remain high when we don't know where the company stands financially. I plan on selling enough to take a nice profit, then keep a minimal investment until this company starts reporting like a NYSE instead of a Pink Sheet.

It's been fun, folks. Might see you again in a couple of years.