On4 Communications Inc (ONCI)

[DreamGreen]

LOL Really? You think accounts receivable are liabilities???? Furthermore, It clearly states these liabilities were from 2015! Geeez

During the quarter ending January 31, 2018 Management reassessed the validity (or otherwise) of accounts payable and other liabilities which were primarily inherited from past management dating back prior to 2015. In doing so, Management believes that such brought forward liabilities totaling $1,286,068 are no longer reasonably enforceable and accordingly they have been written offAdditional Paid-In Capital.