“No. That is simple, they have been instructed not to sell below that level because it is not profitable for the notes takers. By my estimate, there are a few shares left from the numbers already issued to clear. Once that clears up, sky is the limit.”
WHAT THE HECK ARE YOU TALKING ABOUT?
THE FREAKING NOTE HOLDERS GET THEIR SHARES AT A 50-60% DISCOUNT TO THE LOWER OF THE 3 DAYS PRIOR TO CONVERTING!!!!
What are you even talking about “because it is not profitable”???
That means that if they converted today, at the MINIMUM (PER ONCI’s PUBLISHED CONVERTIBLE NOTE DOCUMENTS) of 50% coupon for the last three days they would AUTOMATICALLY HAVE THEIR SHARES AT $0.00045 PER FREAKING SHARE MAN!!!!!!!!!!
That means they can SELL 10 million shares today for $0.0009 and make 100% profit because it’s the same as if they had bought them at $0.00045!!!!!!!
Holy cow man!
To all reading this:
Go read ONCI’s MRQ and get their convertible note conversion rate details.
This is NOT MY OPINION!!!
This is FACT!
For anyone to say “they’ve been instructed not to sell because it isn’t profitable” just doesn’t understand.
Loan Steve Berman $1.00 at his convertible note conversion rate.
He promises to give you $1.00 worth of shares upon note payable date.
He also promises you that you’ll get a 50% off coupon for those shares.
If ONCI was trading at $0.0010 then you’d get your shares at $0.0005 after using your coupon.
So now you have 2000 shares with a cost average of $0.0005.
You sell them (because they’re eligible for open market sells) at $0.0010.
BOOM you just got YOUR DOLLAR BACK AND MADE ANOTHER DOLLAR.
Now add in some decimal points and turn that buck into $90,000.00 and do the math.
