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Thursday, October 04, 2018 8:46:24 AM
The name clarifies vision of company. As to moving price, name alone will likely not do that.
Move to Colorado on its own also not really a game changer. Perhaps it may be helpful as it pertains to taxes and various company expenses affecting bottom line down the road, but short term and share price game changer, not on its own a significant stimulus for the stock price.
However, there are contingencies of the above events...First, hang up with Delaware SOS has been the reported cause (read: excuse) for inability to complete audit (which has not been mentioned in any appreciable fashion since announcement of non-completion) and also, Delaware debt is reported reason (again: excuse) that share reduction did not reflect in last financial reports as had been promised since announcement circa 4July2018.
This makes the value of these events somewhat more relevant. Not that there is any independent stimulus to share price. But if (and with ONCI there are always a lot of hypothetical big ifs) the Delaware SOS issue is resolved and move/name change is completed, then there will be no barrier to completion of audit and fulfillment of promised share reduction. Both events will theoretically add value to currently held shares and future purchased investments.
Third party confirmation of all these revenues of the many deals which have not truly been confirmed will go a long way to restore and further build investor confidence in this company.
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