Replies to post #140051 on On4 Communications Inc (ONCI)

[Blade$dream]

Typical....talking only about the millions debt that every company just like $ONCI needs to make a business run. And I like how the company handled this debt instead of asking the debt money to the banks and pay more than doubled of the loan money back.

Talk about the growth of the company and the revenue that keeps on growing...that's how a company service. But likely not important for most people around here.

A lot of negative postings are imo frustrated by selling at losses.

This is not a personal post so don't need to delete. Hope some of you will learn a bit from these kind of posts.

Blade

[QTRADERQ]

Link?

Its a 25% discount when you take into consideration the full settled amount which is $628K. The actual discount is 25% on the shares actually being sold. Now, the way it is set up isn't a discount on the shares at all, the way I negotiated this, I am adding 25% to the debt amount so 1.25 * $628K = $756K which will be sold with NO DISCOUNT to market. Lets say for arguments sake we sell the shares at an avg of .01. My way will take 75.6M shares to do so. ($75.6K / .01 = 75.6M shares total). If I did it the other way on an avg sale price of .01 the math works this way: .01 * .75 (25% discount) = .0075/share conversion... on the 628K which would take 84M shares to convert the same amount of debt. We just took $1.8M off our books for less than 4% of the O/S. Those terms save shareholders 9 million shares... That's a big deal to anyone who knows anything about business.