On4 Communications Inc (ONCI)

[gulf shores man]

Then there is this new tidbit of information.. Cleaning up the books, In addition, we are working with the past CEO to retire the 30 million preferred shares that are on the books. I expect this will be done within the next week or so. These shares are issued in his name and cannot be retired unless certain criteria is met. The shares can never be converted to common but I want them off the books.

G