On4 Communications Inc (ONCI)

[gulf shores man]

Steve's explanation for the audit he didn't lie,

I would like to take this opportunity to talk to all shareholders about why the audit could not get done. We have been trying for months to get all the information needed to complete an audit. Unfortunately there is an abundance of information that was needed that current management of On 4 communications does not have access to. We have reached out to Tim Owens previous CEO of the company but have not heard back. In addition previous management racked up a huge bill with the state of Delaware causing a major problem for us with getting a good standing notice. We have been negotiating with Delaware to reduce this bill and are currently still in negotiations. Even though we are currently a Colorado company this outstanding bill needs to be paid to complete and audit. This is not a current bill but a past due bill from years ago. That being said just as the buck starts with me it ends with me. I take full responsibility as CEO of the company for not getting this done. We are working hard to get all this information together to get a complete audit done.