On4 Communications Inc (ONCI)

[CashMoneyCarl]

This stock is beaten down unfairly imo because of delay on an audit..

I do believe that an audit would be beneficial. It would at least give some validity to the numbers in the last annual report.

Here is my perspective:

The stock went on nice run about six months ago. I flipped it a few times and made nice profits. Then the annual report came out. For the first time the report showed 1.8M in revenues, previously from nothing and a small profit of about $540,000 again previously from nothing. How did the stock react? It started its nosedive from its all time high, down to where we are now.

Since the release of the report, there have been new announcements of deals, including the one from yesterday.

My point is why is the price still dropping when the annual report shows a big turn around, and all these announcements of new business are coming in when most other OTC companies would be flying through the roof on this type of news. Something is not right.

I will wait for PPS to turn around before I buy back in.