Replies to post #175439 on On4 Communications Inc (ONCI)

[Cimba]

Great post! I agree The The debt write off, the debt being paid and the share retirement when the Name is changed are BIG!

Balance sheet is much improved already and, with the proceeds shown in the 3/15/18 Quarterly Report just filed for PE 1/31/2018 (2018Q1), most of the debt will be wiped off;
The 3(a)(10) shares sales went very well, increasing the O/S by only 12.4%, and this will contribute toward paying off $600K of the debt, or more;
The $1,286,068 debt write-off is also a huge bonus;
Oh yes, the ticker change, Colorado domicile, and the various new business segments and entities… these are all icing and gravy that can add a whole lot more - NONE of them take ANYTHING away from the current business and the existing value here - what counts is revenue, growth and ultimate long-term profit / margins. Yes, when these changes are made, and momo traders see the "pps-moving catalyst" of a ticker symbol change - and they can pump the new acquisitions pending, etc… they'll come in droves to "play" the stock for a short run. Long-term, and for M&A activity, sure, having the ticker change and the Colorado domicile wrapped up will allow for even bigger and better things - but they do not stop SB & others from make the market for the existing business.
- Market Making is Steve's wheelhouse - not in the stock trading sense of the phrase, but in the BUSINESS DEVELOPMENT & PRODUCT DISTRIBUTION sense;
Many new dealer distribution deals have been announced since the 3(a)(10) selling started, including quite a few since the period ending 1/31/2018 for the report that was just filed;
Audited Financials - this is over-emphasized and overplayed, the latest trend in negative criticism for penny stocks when it serves a certain purpose (when unaudited reports are filed, some traders can be swayed away from buying, especially if there's a lot of talk about lies and deceit - from the CEO). This includes "soft" criticism - these are the ones loading heavy at the bottom.

- if you think the CEO may be fraudulent - and risking prison time - you should just run away now.