Replies to post #39795 on On4 Communications Inc (ONCI)

[was GoldenDD]

Once you turn18 you will understand . This one will trade sideways until next week .its at the accumulation phase.imo

[VMAN06]

IT SHOWS THAT THE CEO WONT DUMP ON US..... THATS JUST ONE OF THE MANY BENEFITS OF OUR CEO RETIRING HIS SHARES.

[keeks989]

CEO Steve Berman explains, “I am thrilled to announce the retirement of my 1.5B restricted 144 shares which were issued on July 31st, 2016. The immediate retirement of my restricted share position lowers ONCI’s O/S from 3,006,417,948 to 1,506,417,948 and this change in our Outstanding Shares will be reflected in our pending OTC Markets updates and filings. My goal is to cultivate and create all the conditions necessary for a rapid improvement in shareholder value for ONCI and its core holders.”

"Pending" could mean it was submitted by the attorney and we're waiting for the OTC Markets to review and approve them.

[OTC Shark]

Hype,
No one would throw away 1.5 million dollars worth of shares to help common shareholders unless they believed the company was worth much more than that and they saw potential to make substantially more down the road. It is also good because it immediately raises the value of each and every share a proverbial 50%. If the company is worth $10 and there are 10 shares they are worth $1 each. If someone retires 5 shares and the company is still worth $10 the 5 remaining shares double in value to $2 a piece. I hope this helps.

Due to the language in the PR it seems as though it is not actually completed but in process. It was mentioned however that the next filing released would reflect the share decrease. At that point it will have been completed.

I know many of you are very impatient but in reality this is moving at a much faster pace than any penny stock I've seen. Over the past week the news has been huge and the promised pending news will also be huge. The CEO has been a man of his word so far and there is no reason to think that will change anytime soon. We are holding gold here.

GLTA