Replies to post #112885 on On4 Communications Inc (ONCI)

[mug2011]

They are moving forward with the reduction and it will be reflected in the dec 15 filings.

[David1962]

New York, NY -- September 27, 2017 -- InvestorsHub NewsWire -- On4 Communications (OTC: ONCI) is proud to announce the reduction of the Outstanding and Authorized shares by 1.4 billion each. The new share structure will be reflected in the next quarter financial report due December 15. CEO Steve Berman states, “This reduction in shares has been a long time coming and current dialogue with FINRA has given us the confidence to proceed with this important step at this time.”

[David1962]

When you take into account all the longs holding millions of shares plus Steve still owns 100 million common shares and his friends and family probably own millions more then 2.4 billion O/S is not bad at all for a company with millions in revenue and growing everyday IMO.