On4 Communications Inc (ONCI)

[moneym8ker]

HILARIOUS!

ONCI puts out CRAPPY BACKEND quarterly report THAT PROVES he’s been living off of diluting common shareholders and the stock has done EXACTLY what it’s supposed to do: FALL!

Down 33% since ONCI released financials.

Steve Berman tweets that the share reduction is in black and white WHICH IT IS...it absolutely is in black and white. YES! ONCI did in fact reduce the share count.


Of course, in the period ending April 30th, ONCI ALSO INCREASED THE SHARE COUNT WITH DILUTIVE TOXIC FINANCING by almost the exact same amount of shares.



Nobody should be scratching their head here. Nobody should be wondering why this roofing, dental, gift card exchange, cannabis, safe driving app company supposedly earning $1.5 million per quarter is trading at $0.0007.

It’s at $0.0007 because Steve Berman is diluting the crap out of it.

Why?

I mean, why, if ONCI is netting nearly $500k in revenue profit, why is he issuing so much toxic financing?

The answer is simple:

A.) ONCI is not actually netting that profit off of sales of roofing, dental, gift card exchange, cannabis, safe driving apps.
Nope! The company sells shares. When a company sells shares they get to announce revenue off of sold shares and put the proceeds into the financials because that’s what the company does for revenue.

If I made donuts, I’d get to announce revenues off of donut I made and sold. ONCI makes shares. They get to announce revenues off of shares they made and sold.

B.) Steve Berman is keeping cash in the ONCI off of legitimate sales to make the frontline numbers look good WHILE taking backline financing that he hopes most of the uneducated 84 ONCI investors won’t understand or dig deep enough to see to PAY HIMSELF.


Pretty easy stuff.


ONCI is headed to $0.0002.