On4 Communications Inc (ONCI)

[zombywolf]

The problems are worse than that. Take a look at the entry "Liabilities deemed by Management to be no longer enforceable" under
Supplemental Information on page 9. That value is $1,286,068. What that means Folks, is that of the sales reported on the annual fins of $1,679,105, $1,286,068 of it was not just uncollected, but will never be collected!! When you subtract those from each other, you get a net sales figure of $393,037. Less commissions paid of $324,231 and cost of sales $160,000 (10/31 report pg 7)= $484,231.
When you subtract that number from the remaining net sales number, you have a annual net sales dollar number of -$91,194 ($393,037- $484,321= -91,194). That is less than "0" net sales for 2017, instead of just "0" for Stevie in 2016.
I am not even started with this abomination of a filing for shareholders. Stay tuned, and take your wallet out of your pocket and put it someplace safe.