On4 Communications Inc (ONCI)

[MoneyForNuthin]

Berman announced that the 3(a)(10) transaction is complete. True statement. And supported 100% by the info provided in the financial reports. Look it up and try to understand.

It seems that it's easy enough to continuously post scary statements about what "one knows" about FINRA and SEC Rules & Regs and claims that FINRA or the SEC are looking into ONCI. I've gone through the ins and outs of probably 2 dozen 3(a)(10) deals over the past few years, and it's not that hard to understand - no need for the spooky and ominous undertones.

LAM has a separate convertible note from July 2017. That 65K note - IF it converts - can be absorbed in no time. Pretty funny though, some are getting their panties in a bunch over some possible dilution to clear remaining debt.

As tigerpac reported in his post, the 65K LAM note represents only 79M shares, or 1.8% of the O/S. IF it's converting.

Some handful seem to be wanting to flip down for a lower price. Problem is the price is already down on low volume due to the holiday (33M shares, 0.75% of the O/S), putting the pps at about 30% down from the 50 SMA. Once again... the large bulk of shares are being held steady. Do you really think more than a handful of traders with a handful of shares are going to get a much better price when we're talking about POSSIBLY adding less than 2% to the O/S. That... and NONE of the good news about progress on the business development has yet added anything to the price - NONE of it "baked-in". It's getting coiled up here.