On4 Communications Inc (ONCI)

[David1962]

He can't just sell the stock and put the money back into the company without this filing. He can sell his own stock and keep the money with those 144 filings. I don't know why he did this offering. I just know it doesn't make any sense at all for it to be a NEW offering at this point and at this price. A billionaire with inside information wouldn't pay .0024 right now for this stock! And the suggestions that someone HAS to or is GOING to buy ALL 450 million shares just because Steve made the offering are completely false and made up. Nobody has to buy any of the shares in the offering and I ask again why would they at this price? I'm not even saying this offering has to be for something bad. It could very well be that Steve wants to reinvest that million dollars worth of personal shares he sold back into the company and maybe this offering will allow him to do that. I don't know. Maybe this filing IS just a way for Steve to sell some shares and raise some money for the COMPANY and not himself. Even that would be better than taking on another toxic note. Maybe since the filing is back dated Steve ALREADY sold some shares at .0024 and needs this filing to make it legal. THAT is what I think happened here.