Replies to post #219654 on On4 Communications Inc (ONCI)

[moneym8ker]

There’s enough out there to tank ONCI to $0.0001/$0.0002 on the bid/ask landscape.


I’m
Laughing out loud at ACCOUNTS RECEIVABLE AND REVENUES GROWING as any rational reason to hold.

THOSE THINGS DO NOT MATTER WHEN STEVE-0 IS OUT THERE WRITING CHECKS SO HE CAN GET PAID HIS MONEY AS LONG AS HE OFFERS UP WHOPPING 50% discounts in those convertible, DEATH SPIRAL NOTES!


Here:

ONCI wrote (in one CONVERTIBLE NOTE) $288,000.00)

That’s approximately 1/5th of their stated GROSS REVENUE.


That would be like APPLE writing $200,000,000.00 in convertible notes.

SUCCESSFUL COMPANIES DO NOT NEED TO ASSIGN SUCH DISASTROUS DEBT TO SHAREHOLDERS...
Only frauds like Steve-0 do that kind of crap to mom and pop investors in a stock fraud penny scheme.

[shotsky]

There is no reason not to pay the notes with cash. SB is smart enough to know that. It would make no sense at all to pay with shares while making profit.