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  4. On4 Communications (ONCI) Message Board

Now that I spent time reading the PR, I wonder wha

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Post# of 40991
(Total Views: 977)
Posted On: 09/02/2017 10:58:40 AM
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Posted By: OldSaltDawg
Now that I spent time reading the PR, I wonder what might lie ahead. The last sentence below makes me feel a little uneasy as to what is meant by 'our partner'. I am not sure if we are actually buying from the owner of the 51% of the App 'out' of the business, or just agreeing to pay the owner of the 51% of the of the App, while bringing that business into Hexagon Holdings. A company which owns a 'Fleet' will now come in under the umbrella of Hexagon Holdings, which also brings in additional revenue to the business. However, it may be that 'Fleet Company' will become a minor stakeholder of the company in some form or fashion.

I am not saying it's a bad thing,,,just something I hadn't considered. Any thoughts on this? (If you can understand what I am trying to say as I sometimes have trouble explaining my thoughts)

CEO Steve Berman states, "The price is 3,500,000 USD and will be paid in 6 installments over the next 6 months. This will be financed by a loan against receivables and will not be dilutive to the company. Our partner also owns a fleet business which adds another sector to our holdings and is an established business in itself.



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