On4 Communications Inc (ONCI)

[DewmBoom]

$ONCI Impressive Q2 Financials Important Highlights

$ONCI Presented investors on Friday after hours with a strong second quarter that includes a revenue nearing 1.5 million dollars and a positive cash flow of $600,150. Below are more details:

Revenue: $1,487,365
Net Income: $576,761 (39% of Revenue)
Cash Flow: $606,150 (came from account receivable collection)
Investment in CogoSense: $175,000 (Now Owns 53% of Company and paid 1.375 million dollars out of the 2.6 million dollars)

Share Structure:

a. Reduced OS by 1.4 billion shares
b. Reduced preferred by 5 million shares from 30 mil to 25 mil. This will continue to decrease.
c. OS now sits at 3.53 billion shares. (We already know this information based on attorney's letter OS minus the 1.4 billion in OS reduction. I reported this previously.

Have a Great Weekend.....Great Future....Go ONCI