On4 Communications Inc (ONCI)

[QTRADERQ]

MONEYFORNUTHIN- In the Q3 financial, and all financials in 2017, why does the CEO NOT record a Reserve for sales returns; Reserve for price allowances (adjustments); Inventory obsolescence (if applicable), or Allowance for doubtful accounts? All of the above are required according to US GAAP rules.

Steve Berman completely mismatches revenue with corresponding cost of sales, expenses and liabilities which are a CORE requirement of the 'matching principle' and accrual-based accounting. ONCI is committing accounting and disclosure fraud every time it puts out a quarterly which omits the above required items.

As always. JMO