On4 Communications Inc (ONCI)

[Hunchbackgeek]

Financials ..."grossing over 1.8 million from nothing last year we were up 50 plus percent quarter over quarter and far out-paced expectations. With regards to the 2-million-dollar payment that was to buy the remainder of FMS marketing that we did not own, Alan Baily and I are in negotiations with the Del SOS to reduce the debt owed. The debt is nowhere near $900 thousand that is a number that they put on all companies until they file. In regards to the share reduction I stated on page 2 that the reduction has been reported with the Colorado SOS and is under Hexagon Holdings. As soon as we get approval, the share reduction will be in place. I have also reduced my commission rate to 12.5 percent, a 50% reduction, so we will have more cash for all the things we need to do. Overall, I’m thrilled with our financials and we are growing very fast signing deals every week. https://www.otcmarkets.com/stock/ONCI/news/Letter-to-Shareholders-to-Discuss-Activity-With-ON4-Communications?id=182536