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Replies to post #225638 on On4 Communications Inc (ONCI)
DewmBoom
05/11/19 11:01 PM
#225639 RE: price_and_volume #225638
Hexagon Holdings Corporation (“HHC”) was incorporated in Colorado with an authorized share capital of 4 billion common shares and 20 million Series “A” preferred shares of $0.0001 par value each. The HHC Series “A” preferred shares are entitled to receive a preferential dividend of 10% annually and each preferred share is entitled to 200 votes per preferred share, together with the right to convert each one Series “A” preferred share to 200 common shares. The Plan anticipates that all of the issued and outstanding stock of the new On4 Communications, Inc. Colorado would be exchanged for an equal number (1 for 1) of shares and class in Hexagon Holdings Corporation (except that Steve Berman has indicated his intention to surrender to Treasury 1.4 billion of the common shares that he holds). Concurrently, Hexagon Holdings Corporation intends to apply to FINRA for a new symbol and CUSIP number, and it is planned for Hexagon Holdings Corporation to become the successor operating business going forward after FINRA approval has been received. At the date of this filing however, none of the above plan has been implemented, such that the Company’s domicile remains with Delaware at this point.