tigerpac, if this is the item which concerns you most, the CEO did address it and stated that the equipment being sold is being manufactured. You've brought this up a number of times and we have no ability to watch to make sure the manufacturing process is keeping up with sales. Actually, this was the 1 question I asked for the CC and Steve addressed it.
For now, I can only assume the products are being manufacturing to ensure customer orders are being met. And as Steve mentioned 1000 units are manufactured and stored in the event of a large order.
For future production levels, here is Winston's email to you which explains Steve's position for ensuring production is adequate going forward:
AUG 24 PR SB quote "we have executed a non binding letter of intent to purchase a 15,000 SQ foot factory in Kuala Lumpur to fulfill our anticipated up coming orders."
"This is a non binding letter of intent and locks up the factory for sale to any other entity for 6 months."
That 6 months ends in JAN 18 and we'll see the Kuala Lumpur
Factory ramp up for ONCI production that month.
AUG 29 PR SB quotes "We are also pleased to announce that we have signed a 2nd non-binding letter of intent to acquire an additional 7500 sq foot manufacturing facility in Kuala Lumpur in anticipation of new contracts and to guarantee we can meet delivery dates and Hardware projections. We will now have 22,500 sq feet of manufacturing available. These agreements are non-binding for On4 Communications but are binding for the manufacturing plant and will lock up the facility for sale for a minimum of 6 months. These acquisitions will be non-dilutive and be financed through a Loan against receivables."
"Technology production will be the 3rd division in our soon to be 6 division Hexagon Holdings Corporation. We will not only be manufacturing for ourselves but other non-affiliated entities as well. We will be looking for more facilities in Asia, USA and Europe as opportunities arise. This represents an additional revenue stream, and announcements on the proposed other 3 divisions of Hexagon Holdings Corporation to become shortly.
These plants will be used to also produce hardware for our FMS Safe Driving APP and our Global Tracking Device as well as other yet to be named opportunities." CEO Steve Berman Concludes.
http://www.otcmarkets.com/stock/ONCI/news/ON4...61&b=y
For now, I can only assume the products are being manufacturing to ensure customer orders are being met. And as Steve mentioned 1000 units are manufactured and stored in the event of a large order.
For future production levels, here is Winston's email to you which explains Steve's position for ensuring production is adequate going forward:
AUG 24 PR SB quote "we have executed a non binding letter of intent to purchase a 15,000 SQ foot factory in Kuala Lumpur to fulfill our anticipated up coming orders."
"This is a non binding letter of intent and locks up the factory for sale to any other entity for 6 months."
That 6 months ends in JAN 18 and we'll see the Kuala Lumpur
Factory ramp up for ONCI production that month.
AUG 29 PR SB quotes "We are also pleased to announce that we have signed a 2nd non-binding letter of intent to acquire an additional 7500 sq foot manufacturing facility in Kuala Lumpur in anticipation of new contracts and to guarantee we can meet delivery dates and Hardware projections. We will now have 22,500 sq feet of manufacturing available. These agreements are non-binding for On4 Communications but are binding for the manufacturing plant and will lock up the facility for sale for a minimum of 6 months. These acquisitions will be non-dilutive and be financed through a Loan against receivables."
"Technology production will be the 3rd division in our soon to be 6 division Hexagon Holdings Corporation. We will not only be manufacturing for ourselves but other non-affiliated entities as well. We will be looking for more facilities in Asia, USA and Europe as opportunities arise. This represents an additional revenue stream, and announcements on the proposed other 3 divisions of Hexagon Holdings Corporation to become shortly.
These plants will be used to also produce hardware for our FMS Safe Driving APP and our Global Tracking Device as well as other yet to be named opportunities." CEO Steve Berman Concludes.
http://www.otcmarkets.com/stock/ONCI/news/ON4...61&b=y
On4 Communications (ONCI) Stock Research Links
'Everything works out in the end,,,If it hasn't worked out,,it's not the end'
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