On4 Communications Inc (ONCI)

[David1962]

I'll start off by saying I like this company and I believe it's growing. I'm not bashing here I'm just trying to explain why I think the PPS dropped on the last PR. Anyone who believes Steve has not lied in the past hasn't done any DD. Note the date on this! .....On4 Communications Has Reduced the OS and AS by 1.4 Billion Shares
NEW YORK, NY--(Marketwired - Sep 27, 2017) - On4 Communications (OTC: ONCI) is proud to announce the reduction of the Outstanding and Authorized shares by 1.4 billion each. The new share structure will be reflected in the next quarter financial report due December 15. CEO Steve Berman states, "This reduction in shares has been a long time coming and current dialogue with FINRA has given us the confidence to proceed with this important step at this time......." THE FACT IS STEVE HAS LIED SEVERAL TIMES REGARDING THE SHARE REDUCTION. This is just one of them. This is one reason why the last PR sucked. No proof AND PROOF IS NEEDED regarding the reduction. Second reason the PR sucked is this BIG private label deal that was supposed to blow everyone away is just another dealer group on the east coast. Yeah it's a great deal. It's an awesome deal and it's going to bring in a lot of revenue but I think folks were expecting something other than just another east coast dealer group. I know I was expecting a huge insurance company. AND yes I've bought and sold here many times. I don't bash just to try and get cheaper shares.