On4 Communications Inc (ONCI)

[Jimmy Quick]

Here we go, Steve took over as CEO and Director of the Company on March 9, 2016 and totally revamped company and product line in that year, so technically not Steve's year but more of a reorganization year. Net annual loss October 31, 2016 was ($478k). 6 1/2 months under Steve's tenure.

"With his appointment the company began to aggressively pursue other business opportunities to produce a profitable business model going forward"

Now after giving Steve time to find the marketable product. Nov 4, 2016 ONCI acquires 49% of FMS safe driving app. **1** Year later as of October 31, 2017 Steve and ONCI produce a net income of $542k. One quarter later Steve and ONCI produce a net income of $404k. So 5 quarters from acquiring a marketable product Steve and ONCI produce a net income of nearly $1 million.

I guess I fail to see your analysis in a 300k loss since Steve has taken over. In fact a $1,000,000 increase in net income is much more accurate. Oh unless you exclude those accounts receivable *liabilities*.