On4 Communications Inc (ONCI)

[BigBadWolf]

how much did ONCI shareholders pay for Steve Berman's own Company FMS Marketing...who was never a partner w/ Cogosense

Financials In regards to the 2 million dollar payment that was to buy the remainder of FMS marketing that we did not own.

NEW YORK, NY--(Marketwired - Sep 1, 2017) - On4 Communications (OTC: ONCI) today announced it is acquiring its 51% partner in the FMS Safe Driving APP.

CEO Steve Berman states, "The price is 3,500,000 USD and will be paid in 6 installments over the next 6 months. This will be financed by a loan against receivables and will not be dilutive to the company.

https://www.otcmarkets.com/stock/ONCI/news/On4-Communications-is-Acquiring-Its-51-Percent-Partner-in-the-FMS-Safe-Driving-App-and-Announces-a-450000-Deal-with-a-10?id=168797

http://cogosense.com/distracted-driving/about-us

#licensingdeal #salesman #commissions

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