On4 Communications Inc (ONCI)

[mary777]

The reason for the 144

Folks, just an FYI on the 44 million shares. SB as you know is holding a ton of restricted shares. He is anxious to eliminate them just as much as we are looking forward to seeing them go. Why?

He still needs to pay taxes on them. The sale of 44 million shares was done to PAY HIS TAX BILL ON THOSE SHARES.

He did not want to do this but felt it necessary to pay the tax bill. That is also why he is now expediting the reduction by July.