Thursday, February 15, 2018 5:31:42 PM
It would seem from this response from the Delaware Secretary of State, that STEVE has told another LIE. He stated in his "Letter to Shareholders" on 2/1 that one of the reasons ONCI could not obtain a "Certificate of Good Standing" was due to non payment of the "huge" delinquent tax.
https://www.otcmarkets.com/stock/ONCI/news/letter-to-shareholders?id=182149
Well, Delaware says the opposite of what Steve is saying. Hmm, who to believe?
Now, can we believe the excuse Steve Berman gave about the prior CEO, Tim Owens, not replying to their request "for an abundance of information".
https://www.otcmarkets.com/stock/ONCI/news/On4-Communications-Selects-Mazars-USA-LLP-to-Audit-2017-and-All-Financials-Moving-Forward?id=171760
And then tweeted a snippet of the Mazars USA engagement letter on 11/24 to shareholders as further confirmation of the audit.
— On4 Communications (@on4company) November 24, 2017
And finally (at shareholder's request) tweeted P. 1 of the Mazars USA engagement letter on 12/20.
annual audit will be released when it is due 1/31/18. quarterly needed 2 more weeks because of CO move $ONCI. pic.twitter.com/LPZRingk4u
— On4 Communications (@on4company) December 20, 2017
My question to Steve Berman is you've been CEO on ONCI for almost two years... How could you have not known of the Delaware debt?. Besides being in charge, your CFO Alan Baily would have kept you informed of attempts by Delaware to collect the back tax of $329k.
Moreover, if there ever was really an audit scheduled with Mazars USA, the auditors would have told you in the first week that they would require that Delaware Certificate of Good Standing. Why did you NOT disclose to the shareholders the status of the audit after your "initial" negotiations with Delaware were unsuccessful? That would have been the reasonable, fiduciary thing to do. Instead, you intentionally misled investors by not disclosing it until 1/31, two hours after you released "unaudited" annual financial statements.
https://backend.otcmarkets.com/otcapi/company/financial-report/186735/content
As always. JMO
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