Replies to post #146115 on On4 Communications Inc (ONCI)

[QTRADERQ]

The beneficial shareholder footnote will disclose the OS at the date of the filing of the Annual Report. So if it was filed tomorrow, we would know the OS as of 1/2/18.

Here's the 10/31/15 Annual Report filed on 5/16/16:

From P. 2 of 22
"Total shares outstanding: 366,844,398 Common as of: 10/31/2015"

From P. 21 of 22 (Beneficial Shareholder footnote)
"At the date of this filing the Company has 366,844,398 issued and outstanding common shares"

https://www.otcmarkets.com/financialReportViewer?symbol=ONCI&id=155375

[shotsky]

Actually, the subsequent events section should outline just about everything. I expect a pretty significant explanation of the current financial condition of the company when the filing is complete.
In particular, any dilutions since the end of the FY should be in that section.

[QTRADERQ]

The proposed share reduction is over a year old. Still has not happened. Here's the footnote on it from the 10/31/16 annual report.

The Company is in the process of filing with the State of Delaware to change its authorized share capital from 5,030,000,000 shares (5,000,000,000 common shares and 30,000,000 “ Series A” preferred shares) to 3,500,000,000 common shares and 1,530,000,000 “Series A” preferred shares. Concurrent with this change, Steve Berman, our CEO, intends to surrender his 1,500,000,000 common shares in exchange for 1,500,000,000 “Series A” preferred shares. After this exchange, the total issued and outstanding common shares will be reduced from its current
level of 2,798,719,698 common shares to 1,298,719,698 common shares.

Since then, the OS has NOT DECREASED TO 1.3 Bil (like the filing said). Rather, it has INCREASED to 3.8 Bil shares.
https://www.otcmarkets.com/financialReportViewer?symbol=ONCI&id=164183