On4 Communications Inc (ONCI)

[moneym8ker]

ONCI back to the trips today. And deeper into the trips. ONCI set a new 52 week low of $0.0009 yesterday beating its previous 52 week low by 10%.
This new 52 week low hurt ONCI investors who’ve held since ONCI was over $0.01 with a greater than 90% loss of their investment.

Ouch!
Think about that:

It’s common sense to never invest more than you can afford to lose or more than you’re willing to lose. If you buy today, say $1,000.00 worth of ONCI, are you comfortable with waking up to less than $100.00 as this downward beating continues?

Will the downward beating stop?
What caused the downward beating?

Steve Berman caused it. Piss poor management and zero interest in protecting investors from the ravages of toxic financing to line his own pockets with investors cash.

Since that hasn’t stopped it’s unreasonable to think that the downward beating will stop.