On4 Communications Inc (ONCI)

[QTRADERQ]

DD ON 'SIFTHOUSE BC'

I find it odd SIFTHOUSE (a Canadian company) would agree to be paid in USD and NOT Canadian dollars. Terms were initial payment of $100,000 USD. That doesn't make any sense. There books and records are in Canadian Dollars.

There are other RED FLAGS...

1) There's no record of any incorporation of SIFTHOUSE in Canada
https://www.ic.gc.ca/app/scr/cc/CorporationsCanada/fdrlCrpSrch.html?locale=en

2) There's no cannabis production license(s) issued (or pending) for SIFTHOUSE by Health Canada.

(SIFTHOUSE would be seeking the new Micro-cultivation license which Health Canada designated a few months ago for craft cannabis producers.)

Licenses pending approval
https://mmjpr.ca/directory-category/pending-acmpr-approval-licensed-producer/#

Licenses issued by Health Canada
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/authorized-licensed-producers-medical-purposes.html#a1

3) SIFTHOUSE domain name history is sketchy. Two domains were registered earlier this year, but websites (which actually cost real money to design) were never created.

* SIFTHOUSE.COM was registered on 2/19/18, but the link is dead
https://www.webnames.ca/whois?domain=sifthouse.ca#?currentDomain=sifthouse.com

* SIFTHOUSE.CA was registered on 4/13/18, but (again) the link is dead
https://www.webnames.ca/whois?domain=sifthouse.ca#?currentDomain=sifthouse.ca

ONCI has the option to file a Form 8-K with the SEC to disclose the non-binding Letter of Intent and $100,000 to be paid to SIFTHOUSE. Let's see if Steve Berman does file? Then we'll know SIFTHOUSE is a legitimate and real company operating in the craft-cannabis industry...

Is it possible SIFTHOUSE is owned by Steve Berman personally and ONCI shareholders will be purchasing Steve Berman's private Company SIFTHOUSE for $2M, just like he did with FMS Marketing.
Deja Vu all over again.

#SMDSB

As always JMO