On4 Communications Inc (ONCI)

[moneym8ker]

Okay so here’s the deal on the buyback:

Yes Dewy and others were lied to and yes Dewy bought that lie hook, line, and sinker but a share wash did actually occur.

ONCI did actually “retire” approximately 1.3 billion shares. Then ONCI re-issued more than 1.4 billion shares in convertible promissory notes.

Basically, Dewy fell for the old “I’ve got ten dollars because I have a $5 dollar bill and two pockets bit”
It’s where a con man pulls $5.00 out of one pocket and then uses slight of hand to move that same $5.00 into a different pocket. The con man then asks to borrow against the full $10.00.

If the con man is good, you’re left feeling comfortable to loan the con man money because you’ve seen $10.00 in collateral.

Now scale this to Steve Bermans con that is currently running.

He knows he can show that he retired shares (ONCI is NOT a audited or SEC reporting company so this is as easy as writing down on the equivalent of a post-it note that you’ve done so) and HE KNOWS that only the people wise to the “two pockets” will dig any deeper.


The actual real number of newly minted or soon to be minted shares just ballooned to nearly 1.8 billion shares.

Sooner or later Steve will have to disclose the new O/S and maybe then Dewy will see.

Steve Berman is a fraud. He’s been in trouble regarding stock fraud before.

It’s just a shame that the SEC doesn’t have a lifetime one strike rule.

Instead the SEC and FINRA will bar or ban a fraudulent person for 3 years or 5 years or ten years or a lifetime ban and that fraud can run a scheme all over again.