141 Capital Inc (fka ONCP)

[Gbathat]

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=1768142

On April 11, 2001, the Company signed a Plan and Agreement of Merger ("Merger Agreement") with HOA Networks,Corp., and HOA Acquisition Corp. ("HAC"). The contemplated merger is between HOA Networks,Corp.(HOAN), HOA Acquisition Corp. ("HAC"), and our Company. Pursuant to the terms of the Merger Agreement, HOAN will merge with HAC with HOAN being the surviving company and all of the capital stock of HOAN will be canceled in exchange for stock of the Company. HOAN will be the surviving corporation in such merger and the business of the surviving company will be conducted under the name of Streamedia Communications, Inc. Upon the effective date of the merger, each outstanding share of stock beneficially owned by all shareholders excluding principals of HOAN will be converted into the common stock of the Company on a 9 for 1 share basis. Each outstanding share of common stock beneficially owned by principals will be converted as follows:
100% of HOAN shares will be exchanged for 90% shares of our Company.

The effective date of the Merger was September 30, 2001. Wholly owned subsidiaries of HOAN include AMC Global Communications, Inc. and World Skyline, Inc.

Pursuant to the terms of the agreement, the Company reverse split the number of shares common stock outstanding in a ratio of 300 to 1.