Replies to post #96316 on On4 Communications Inc (ONCI)

[DJknows]

Here's that 6/6/16 Letter to Shareholders from Mr. Berman... also first and only letter... so far:

http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=20608

FULLY REPORTING COMPANY
Becoming fully reporting is a vital step in what I believe will be a momentous business journey. My sights are set on a higher exchange (OTCQB), but immediately establishing that On4 is a cut above a typical Pinksheet company is of utmost importance to me. The best way to begin achieving this is to create a culture of transparency that a fully reporting status ensures. The Company has identified a capable PCAOB (pcaobus.org) certified accounting firm that could complete a company audit and file any/all additional paperwork necessary with the SEC for On4 to achieve fully reporting status. I will keep shareholders abreast of all progress toward this important goal.

This letter is where Mr. Berman first speaks about share reduction... getting fully reporting ... and it's a letter full of information... there's been some redirection in terms of business but it's all about GROWTH!


I'm sure Mr. Berman is still eyeing uplisting ... not only to QB but hopefully a higher exchange ... we'll see

[califax]

OTCQB

The Venture Market

For early-stage and developing U.S. and international companies that are not yet able to qualify for OTCQX.
To be eligible, companies must be current in their reporting and undergo an annual verification and management certification process.
Companies must meet $0.01 bid test and may not be in bankruptcy.

New May 18, 2017

Companies that follow the Alternative Reporting Standard can now qualify for OTCQB.
These companies would be required to make public disclosure available pursuant to the Alternative Reporting Standard Disclosure Guidelines for OTCQX and OTCQB and meet certain Corporate Governance requirements.


OTCQB Key Highlights

- Grouped with other companies that have audited financials available and are current in their reporting

- Minimum bid price test of $0.01 removes companies that are most likely to be the subject of dilutive stock fraud schemes and promotion

- Improved investor confidence through verified information, confirming that the Company Profile displayed on www.otcmarkets.com is current and complete

- Annual management certification process to verify officers, directors, controlling shareholders, and shares outstanding

- Greater information availability for investors through the OTC Disclosure & News Service

- Transparent prices for investors through full-depth of book with Real Time Level 2 quotes

- Access to Morningstar quantitative equity ratings and research enables investors to better analyze and benchmark a company relative to its sector