By: Matt Rego
Shares of On4 Communications, Inc. (OTC Pink: ONCI) are up 14% in the first half of the trading day on May 23, 2016. On4 Communications, Inc. (OTCPink: ONCI) has seen nearly 22.9 million shares exchange hands, or nearly $113,000 in dollar volume.
The company’s most recent announcement was made on May 12, 2016 when they announced the emergence from an extended “quiet period”. Included in the same announcement, the company stated they have started a Twitter handle, @On4Company, in order to communicate with investors and shareholders with more effectiveness and clarity. See their most recent announcemtn below.
Prior to April 28, the company’s stock virtually did not trade. Since then, and to date, the company has traded approximately 600 million shares up 5,400% from .0001 to .0055 where it is trading now.
The market cap according to the recent announcement is approximately $2.4 million. The ONCI business description on OTCmarkets.com states “The Company seeks to acquire and/or merge with businesses that present new opportunities and innovative business plans, especially with respect to new technologies and the rapidly expanding App industry,” And their website states “Coming Soon!”
Let’s see what they can put in this thing.
NEW YORK, NY–(Marketwired – May 12, 2016) – On4 Communications, Inc. (“On4”) (OTC Pink: ONCI) (the “Company”) is pleased to announce that paperwork was submitted to OTCmarkets.com this week in order to upgrade the Company to the “OTC Pink Current” tier. The submitted paperwork included financials, updated Company information, and an opinion letter from Company counsel.
On4 has also established a Twitter channel, @On4Company, as a means whereby to immediately begin communicating with investors as the Company aggressively moves out of an extended quiet period. As of April 31, 2016, On4 Communications had just under 450,000,000 shares outstanding with 218,000,000 of those shares being restricted.
On4 is a holdings company with an aggressive focus of acquiring proven and profitable businesses, especially those businesses operating in the $1.7 trillion healthcare industry.
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See ON4’s filings with the United States Securities and Exchange Commission which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
On4 Communications, Inc.