Replies to post #182295 on On4 Communications Inc (ONCI)

[tigerpac]

Hi MFN:

On4 HAS disclosed this before. Check out the Independent Reseller Agreement made with US Warranty and posted on Twitter on 12/29/17. Look at the bottom of that page. I'm sure pages 2-7 had even more detail but unfortunately it wasn't provided even though the entire agreement at one time was promised. I would expect this language to be the same throughout other reseller agreements.

I'm glad you added the statement: "All this is IMO," but I don't agree with the last part "...but since it's from On4's filings, disclosures, shareholder letters and tweets it must be true, right?" No, it's NOT from On4's filings.

Where is it actually stated that "Payments are contingent upon a dealership actually selling a unit."? Right, that's NOT stated in the filings, disclosures, shareholder letters and tweets.

Where is it actually stated that "When a unit is sold the dealership has 30 days to pay On4 and they must submit proof of purchase in order for On4 to then pay the dealership their commission."? Right, that's NOT stated in the filings, disclosures, shareholder letters and tweets.

How in the heck would you know the pyament terms, anyway? And what gives you the idea that it would be 30 days?!? Let me tell you, in the market these days, ANY product like this, going into dealerships, is most likely to be MUCH better payment terms to the dealers than the old standby 1 - 10 Net 30 terms (1% discount is paid within 10 days, net amount due within 30 days). It will, IMO, be more like 2 - 10 Net 120 or even 180.

I quite enjoy your posts but sometimes your optimism of the future gets in the way of the reality of what is currently happening. If you believe my posts on other boards why would you not believe my posts on this board?