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On4 Communications ONCI
(Total Views: 308)
Posted On: 09/26/2018 10:55:43 PM
Post# of 40991
Posted By: reindeer830
Re: WinstonNC #18353
I think Steve has us in a position to pay the DE debt off now, without sacrificing business growth.

I also think that info concerning the debt posted previously is what caused the anxiety about the debt. We were told:

1 - It was a surprise leftover from previous management
2 - It will be taken care of quickly
3 - It has been addressed and managed
4 - It has been paid off
5 - It is $350K, but, we expect to settle for 10% to 20% of that total
6 - It is $37K - probably driven by #5
7 - It is $25K - probably driven by #5
8 - It is less than prior estimates and could be as low as $12K

We also heard it was not a priority and didn't have to be addressed in the short term.

Gosh, as I review all that we heard, it's no wonder that some are confused. Let's wait to see what Steve says - and, hope that he says something SOON.













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