On4 Communications Inc (ONCI)

[DewmBoom]

The last notes that will mature this year on 7/2 is a $25,000 note plus $2,500 in interest. ONCI must pay that note using a share price at 50% of the minimum price during the last 10 days of trading. The first business of the 10 days is today.

For those who read the financials, it is very clear in black and white. This is the last note that is due this year. Again it is for $27,500 with the interest at 50% discount. It is sad that the manipulation has come down to this.

The fact that the MMs force the stock to go down to 7, now the note will be paid with 71.5 million shares. I am not sure if the CEO can pay it using company’s cash or has to issue the shares.

Long and Strong....Hope this helps.