So true my friend. Here’s a possibility of what may be going on.
Berman planned to do an audit at the end of 2017 but due to circumstances he couldn’t. The two issues that prevented the audit, stated in the 1/31/2018 shareholder letter, was information needed from the previous CEO Tim Owens and the Delaware debt. The Delaware debt has been paid.
The only question remains is did Berman get the necessary info from Tim Owens. We know he’s contacted Owens because he stated in the 2/8/19 PR “In addition, we are working with the past CEO to retire the 30 million preferred shares that are on the books. I expect this will be done within the next week or so. These shares are issued in his name and cannot be retired unless certain criteria are met.”
About the yield sign. In the past when ONCI was given a yield, Berman always communicated to shareholders through twitter. Assuring us it is being handled; that the sign will be down in 24/48 hours. This time we get nothing. Why?
Then there’s the status of noncompliant for failure to file periodic report for On4 Colorado and Hexagon Holding with the Colorado SOS. Once again silence from Berman; no reassuring that matters are being handled. Why?
This is strictly an opinion:
Since the Delaware debt is settled and if Berman has the info needed from Owens, then why wouldn’t he follow through with his original plan to audit. He was going to do it at the end of 2017, why wouldn’t he do it now? Is it possible the 2018 annual report was filed as early as it was because time and emphasis are being placed on the audit?
If there is an audit being done and expected to be submitted in the near term than why would he care about the yield sign since he knows an attorney letter will be submitted along with the audited financials. Why would he waste time addressing the yield sign with shareholders when he knows it’s a short-term non-issue?
Then there’s the Colorado SOS non-compliant issue. ONCI could not redomicile to Colorado and become Hexagon until the Delaware debt was paid. It’s been paid, and since then Berman has stated numerous times that everything is moving forward to Colorado.
If that’s the case, then does it really matter if we are temporarily non-compliant if the issue will be resolved during the domicile process. He has until April 30th. Once again, why would he waste time addressing the non-compliant matter with shareholders when he knows it’s a short-term non-issue?
Berman has been quieter than usual lately. Perhaps he has finally blocked out the noise, put the blinders on, rolled up his sleeves and is working to complete what has been promised to shareholders a long time ago.
Berman planned to do an audit at the end of 2017 but due to circumstances he couldn’t. The two issues that prevented the audit, stated in the 1/31/2018 shareholder letter, was information needed from the previous CEO Tim Owens and the Delaware debt. The Delaware debt has been paid.
The only question remains is did Berman get the necessary info from Tim Owens. We know he’s contacted Owens because he stated in the 2/8/19 PR “In addition, we are working with the past CEO to retire the 30 million preferred shares that are on the books. I expect this will be done within the next week or so. These shares are issued in his name and cannot be retired unless certain criteria are met.”
About the yield sign. In the past when ONCI was given a yield, Berman always communicated to shareholders through twitter. Assuring us it is being handled; that the sign will be down in 24/48 hours. This time we get nothing. Why?
Then there’s the status of noncompliant for failure to file periodic report for On4 Colorado and Hexagon Holding with the Colorado SOS. Once again silence from Berman; no reassuring that matters are being handled. Why?
This is strictly an opinion:
Since the Delaware debt is settled and if Berman has the info needed from Owens, then why wouldn’t he follow through with his original plan to audit. He was going to do it at the end of 2017, why wouldn’t he do it now? Is it possible the 2018 annual report was filed as early as it was because time and emphasis are being placed on the audit?
If there is an audit being done and expected to be submitted in the near term than why would he care about the yield sign since he knows an attorney letter will be submitted along with the audited financials. Why would he waste time addressing the yield sign with shareholders when he knows it’s a short-term non-issue?
Then there’s the Colorado SOS non-compliant issue. ONCI could not redomicile to Colorado and become Hexagon until the Delaware debt was paid. It’s been paid, and since then Berman has stated numerous times that everything is moving forward to Colorado.
If that’s the case, then does it really matter if we are temporarily non-compliant if the issue will be resolved during the domicile process. He has until April 30th. Once again, why would he waste time addressing the non-compliant matter with shareholders when he knows it’s a short-term non-issue?
Berman has been quieter than usual lately. Perhaps he has finally blocked out the noise, put the blinders on, rolled up his sleeves and is working to complete what has been promised to shareholders a long time ago.
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