On4 Communications Inc (ONCI)

[littleman2]

I agree, great things coming! Load em up & lock em down!

New York, NY -- February 5, 2018 -- InvestorsHub NewsWire -- On4Communications (OTC:ONCI) is pleased to release the following letter:


Below is an update of most everything that is going on at the company, some you have heard about and some are new. I will be discussing everything I can talk about.



Financials

We had a stellar yr grossing over 1.8 million from nothing last yr

We were up 50 plus percent quarter over quarter and far out paced expectations.

In 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 im thrilled with our financials and we are growing very fast signing deals every week.