On4 Communications Inc (ONCI)

[Davis_Elite]

Nice post!!

MAJOR REVENUE AND DEBT REDUCTION from Today's Quarterly report -

REVENUE
Quote:

Operating results

The Company generated sales revenues of $953,211 during the 3 months ended January 31,2018. The Company expects that these revenue sources will continue to substantially grow in future years. After cost of sales, operating expenses and interest expense, the Company generated net income of $ 404,605 for the 3 months ended January 31,2018


LAM 3(a)(10) DONE!
Quote:

(b) A further 300 million common shares were issued to Livingston Asset Management LLC subsequent to
January 31 2018 to complete the Section 3(a)(10) debt reorganization


1.2 Million in liabilities written off!

Quote:

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 off Additional Paid-In Capital.



https://backend.otcmarkets.com/otcapi/company/financial-report/188995/content