On4 Communications Inc (ONCI)

[jfran]

Yep, "almost 200 grand in the bank", but steve still has to take on toxic financing to the tune of 85 million shares for a $60 grand note. Something isn't adding up here. Couldn't some of those millions of dollars in revenue and hundreds of thousands of dollars of profit be used for a measly little $60k note? Oh wait - those dollars don't actually exist. It's all sitting in "Accounts Receivable".

The only person making money in this entire fraudulent scheme is steve. He is a crook. A blatant crook. It's all right there plain as day in the financials.