Replies to post #182346 on On4 Communications Inc (ONCI)

[BigBadWolf]

again though there has been NO answer whether plausible or legal that explains a supposed one off payment to LAM by ONCI/Bermana NO company can pay a 3(a)(10) guarantor for providing the aforementioned deal. FACT

Convertible notes $65,000 due Livingston Asset Management LLC (LAM) relating to legal and administrative cost associated with the implementation of the Section 3(a)(10) deal. The LAM note bears interest at a rate of 12% per annum and matures on July 14, 2018. LAM has the option to convert all or a portion of the Note at a lesser of (a) 75% of the closing bid price of ONCI common stock on July 14, 2017, i.e 75% of $0.0011, or 75% of the lowest closing bid price during 10 trading days preceding such conversion.

Now I can do the conversion of how many shares that $65k is worth yet I do not want to ruin any shareholder's weekend.

Net profit matched the margins once again, if you take out the one-time costs for extinguishing the debt through the 3(a)(10) transaction

#matures7/14/18