On4 Communications Inc (ONCI)

[DewmBoom]

$ONCI CEO Asked, and Shareholders Responded

In as early as the July 1st shareholder update, the CEO asked shareholders not to sell their shares at the cheap. Shareholders are overwhelmingly responding to his request. Take an example today. Out of the 3.9 billion shares available for trading, only 20 million shares were traded today, and 3,880,000,000 shares were locked in a safe or under the mattress. Even if you include the entire ask plus share sold, it will amount to 50 million shares that result in 3,850,000,000 locked in a safe or under the mattress.

Regardless of how you look at it, over 99% of shares available for trading were held tightly.

Below is the CEO quote along with the reference that went around the globe. Good Luck to All.

SHAREHOLDER VALUE

I have always believed this from day one we should try and find a way to unlock shareholder value. I thought with the share reduction of 1.4 billion shares we would be able to do that . According to my legal team this reduction would be a positive for the stock. I guess they were wrong. That being said we are looking at additional ways to give value back to the company. I have met with 2 German hedge funds who are interested in making an investment in our company. We would not consider anything at less then an .0085 value or higher. We are also looking at a company buyback of shares as well as myself buying shares on the open market. I believe that our company is in an amazing place and I am willing to put my money where my mouth is. We are looking at many different opportunities and we will keep you informed of which one we take. The share price is so under valued here I hope you keep your shares and don’t let the bashers and MM steal your stock. Of course these are just some ideas and nothing is set in stone. I will be updating our shareholders if anything moves along or changes.

https://markets.businessinsider.com/news/stocks/on4-communications-inc-announces-update-to-shareholders-june-2019-1028322573