Between March 8, 2011 and June 30, 2011 ONTC opted to issue 59,750,000 shares of stock towards two debt Notes owed to NexPhase totaling $119,500 that are not even due until March of 2012.
NexPhase was Dror's private company he set up and run this game thru his old ticker. Isn't it convenient that ONTC has gotten those shares out to himself(nexphase) before most of the dumpage began..... once again he wins - shareholders lose. JMO
Thanks for posting that info! As I said before they have way too much in convertible notes coming due. Dilution is their solution to paying these! I'm sure this will run again but for now too many share are being dumped into the market and the pps drops significantly. Many people were calling for a penny this week after the promo started last friday. I saw the writing on the wall and got out. As I said Monday this will be in the .003s by the end of the week. Didnt take long for that to become accurate.
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