On4 Communications Inc (ONCI)

[marianothis]

"You sound like you have a wealth of public accounting experience and are a CPA."
along with a lot of useless info too.

"Every fact you posted was correct."
all facts are correct. it's the interpretation of them that goes off the tracks sometimes.

"The only thing I wish to clarify is if Steve filed a Form 7004 for an automatic 2 month extension "
the corporate automatic extensions are for 6 months. 2 month extensions are for individuals who have already requested 4 month extensions.

"he could still post the extension form on Twitter to show 1) the Form 1120 was put on extension, and 2) compliance with the IRS. "
he could but our money is on his being smarter than that. remember the audit garbage. he posted the audit letter and people still think there isn't an audit going on.

"Otherwise, we could have (been creative and) used the tax number to reasonably back into the revenue number to be reported on the Form 1120 (when filed). Unfortunately, that's not the case."
this stmt imo makes as much sense as our low sp right now. once the audit is done i'll be able to give you both numbers. I don't know how that would help any but...

regards longs, buddy