Replies to post #40280 on On4 Communications Inc (ONCI)

[Toxic Avenger]

Let's see, "During August, 2016 Company issued an additional 354,470,539 common shares to settle certain of the Company's convertible debt of $13,830". So in August, toxics converted $14k of debt to 354 million shares at $.00004 each, 40% of the lowest possible trading price.

Since then well over 3 billion shares have been traded at prices ranging from $.0001 to $.0013.

So if there were not toxic conversions, you'd have to accept that the toxic note holders took a 150% profit in August, but passed up as much as a 3,000% profit in October and November.

Maybe it's just me, but that doesn't seem very likely. ;-);-)

[doogdilinger]

ONCI's own financials, CEO tweets, Share Structure and Press Releases clearly prove that there's no dilution in play right Glory!

1.5B O/S and 1.35B float!