On4 Communications Inc (ONCI)

[Davis_Elite]

I agree gonna be great here!!

- if you think the CEO may be fraudulent - and risking prison time - you should just run away now.

Balance sheet is much improved already and, with the proceeds shown in the 3/15/18 Quarterly Report just filed for PE 1/31/2018 (2018Q1), most of the debt will be wiped off;
The 3(a)(10) shares sales went very well, increasing the O/S by only 12.4%, and this will contribute toward paying off $600K of the debt, or more;
The $1,286,068 debt write-off is also a huge bonus;
Oh yes, the ticker change, Colorado domicile, and the various new business segments and entities… these are all icing and gravy that can add a whole lot more - NONE of them take ANYTHING away from the current business and the existing value here - what counts is revenue, growth and ultimate long-term profit / margins. Yes, when these changes are made, and momo traders see the "pps-moving catalyst" of a ticker symbol change - and they can pump the new acquisitions pending, etc… they'll come in droves to "play" the stock for a short run. Long-term, and for M&A activity, sure, having the ticker change and the Colorado domicile wrapped up will allow for even bigger and better things - but they do not stop SB & others from make the market for the existing business.
- Market Making is Steve's wheelhouse - not in the stock trading sense of the phrase, but in the BUSINESS DEVELOPMENT & PRODUCT DISTRIBUTION sense;
Many new dealer distribution deals have been announced since the 3(a)(10) selling started, including quite a few since the period ending 1/31/2018 for the report that was just filed;
Audited Financials - this is over-emphasized and overplayed, the latest trend in negative criticism for penny stocks when it serves a certain purpose (when unaudited reports are filed, some traders can be swayed away from buying, especially if there's a lot of talk about lies and deceit - from the CEO). This includes "soft" criticism - these are the ones loading heavy at the bottom.