On4 Communications Inc (ONCI)

[moneym8ker]

Okay...
You’re kind of putting an idea on to this that isn’t necessary.

Let me explain:

We hear all of the time about a company getting bought out or being taken private and these are large companies with thousands upon thousands of shareholders.
Now these shareholders obviously want the company to pay for their shares.

We see it all the time.


But ONCI is not going to do that.

What Steve will do is he will get delisted. He will file to unregister shares.

It’ll cost him about $700 do do this.

After a few months and a handy letter in the mail to shareholders when you open up your trading account platform and go to look at your ONCI shares you’ll see “invalid stock name”.

Each platform shows this in different ways. Mine says invalid symbol.

And that’ll be that. ONCI will be no more. Steve will have effectively taken the company private and everyone who is thinking he’s actually going to buy their shares from them will see that they were wrong.

Some people will lose a little bit of money. Maybe a few hundred bucks or whatever. Some other people will lose a whole lot.
I think I’m kind of rich. I don’t worry about monthly bills. I own everything outright. That being said I still think $10k or $25k is a lot of money.

Some people are going to lose that much or more and Steve has them convinced that he’s going to buy their shares and go private.


TSLA was trading at $330 per share and Elon said he was considering taking the company private and the stock soared to $430 and briefly higher.

That’s what some who don’t know any better are thinking is going on here.

What Steve is going to do is file to unregister shares. That’s it.

Once he does that the stock will go to $0.0001 before its finally cancelled.