Replies to post #158480 on On4 Communications Inc (ONCI)

[BigBadWolf]

Agreed on the 5030000000 Authorized Shares It does show that the last annual report filed was 2014. Annual tax assessment $180,000 ..Tax Due $329519.62 Tax Delinquent

[Jimmy Quick]

I am not a tax guy, but if ONCI filed those returns, wouldn't it be fair to say the payment could be reduced quite significantly, if income tax was substantially less than the assessment amount. The assessment would only be applied if you never filed them. But yes their would still be penalties and interest on taxes owed.

[QTRADERQ]

Thank you for posting the Delaware entity details. My estimates did come down from 900k, to 570k, to 494k. So be it. Now we know the truth.