On4 Communications Inc (ONCI)

[Peddler22]

Folks do the DD. Sure Mr Berman wants to make money on his company but he is going to do it by building up a transferable company (which is the goal of any promising company) There’s no incentive or structure in place for him to personally profit from a pump and dump scheme anyway. He only owns a little over a million shares of common stock (a prerequisite for ownership of a preferred series stock) and the series A preferred (which he owns all of because he believes in his company) is not a convertible stock. The share structure is maxed out so no dilution possible there. The only entities that could benefit from a pump is JP Carey (who converted in December 2020 which is a plus for ONCI because it settles 100 pct of our debt to them) and public investors.
JP Carey owns a bit over 400 million shares that converted at 50 pct of the lowest trading price for previous 10 days prior to conversion. IMO they converted then because they knew good things were developing within the company and an appreciation in the stocks price was eminent! The bottom line is that by all appearances ONCI’s price increase is from legitimate developments in the company and not from any pump and dump scheme by the company.
Pink current status has been confirmed by otc and should be reflected tomorrow, price started appreciating after Tuesdays update, and don’t forget the $250,000 open market purchase yesterday. That’s a bold statement! ONCI $$$. GLTA