On4 Communications Inc (ONCI)

[moneym8ker]

Yes... UNAUDITED FINANCIALS are accepted by the SEC for 15-12G filers requesting A-1 registration for new shares.


How that makes an audit irrelevant to you is disturbing.

There are certain functions and authorities and/or regulatory bodies that are in place which are in place specifically to exchange current and accurate information so investors can make the most informed decisions possible.

When a company like ONCI skirts these functions (audit) organizations or regulatory bodies (FINRA/SEC) they offer less clarity and transparency to potential investors.

It’s not a big deal UNLESS you’re under the impression that you’re INVESTING in a company versus just buying an OTC lottery ticket like ONCI.

When I invest, I only invest in companies which are in full compliance and provide timely reports which are audited. I need these things and my DD relies upon their timelines and accuracy which is why they must be audited.

When I buy or trade a lottery ticket like ONCI I know they don’t offer these things so I don’t do any more DD than I would a quick pick for the mega millions lottery ticket.


Some people confuse these two differences.