Been out most of the day but got back in to review today's activity with our ONCI ... it would be interesting to hear from our CEO about the situation regarding the preferred shares he wants to get removed... I believe FINRA may not approve name/symbol change until that's resolved.
Within the first paragraph of the latest 2/8/19 'Update to Sh' PR is the following:
https://www.otcmarkets.com/stock/ONCI/news/st...id=1280531
Every filing from Berman since he became CEO shows he has the 30M Series "A" preferred shares... I believe they were transferred to him (notice below it says the block not a block) when he took over. So I'm not sure if that means he needs to get the old CEO to approve removing them off the books now but suspect that's what he's talking about in the 2/8/19 PR above.
This is from the latest 'annual' financial filing out 12/14/18 (page 13):
https://backend.otcmarkets.com/otcapi/company...88/content
By the way there was also CEO Georgio Johnson in between CEO Timothy Owens who was first given the 30M pref. shares and CEO Steve Berman. There seems to be someone who was constantly involved with all of them and that's the Accountant, Alan J. Bailey.
Interestingly, while under Berman, The Bunker Law Group was brought in... under Owens it was Zouvas Law Group .
Just stating some possible relevant facts to resolving the matter of an attorney letter to clear our 'yield' sign and move us with FINRA?
Have a great weekend and,
Very best to all with ONCI/HEXA !
Within the first paragraph of the latest 2/8/19 'Update to Sh' PR is the following:
Quote: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 is met. The shares can never be converted to common but I want them off the books.
https://www.otcmarkets.com/stock/ONCI/news/st...id=1280531
Every filing from Berman since he became CEO shows he has the 30M Series "A" preferred shares... I believe they were transferred to him (notice below it says the block not a block) when he took over. So I'm not sure if that means he needs to get the old CEO to approve removing them off the books now but suspect that's what he's talking about in the 2/8/19 PR above.
This is from the latest 'annual' financial filing out 12/14/18 (page 13):
Quote:(c) On March 9,2016 Mr. Steve Berman was appointed Chief Executive Officer and Director of the Company. Mr. Berman is entitled to receive the block of 30,000,000 Preferred (super voting) Shares and a substantial number of common or preferred shares in consideration for his acceptance as an Officer and Director and in consideration for bringing the new business plan to the Company. The Board of Directors also approved the hiring of an assistant to Mr. Berman at the rate of up to $5,000 per month, plus the acquisition of a vehicle to assist in the delivery of dental services and ofhce space at a cost of up to $ 3,000 per month.Page I5 of 22. The Company also entered into an Employment Agreement with Mr. Berman as of March 9, 2016 which provides compensation to Mr. Berman at the rate of $10,000 per month and which grants Mr. Berman the right to acquire up to 50,000,000 of the Company's restricted common shares at a price of $0.0001 per share, plus the grant of 70,000,000 stock options exercisable at the rate of 2,500,000 common shares per calendar quarter over 7 years at a price equal to the lowest daily trading price in the previous quarter. He is also entitled to receive a profit incentive bonus equal to 0.25Yo overriding royalty on the value of all new executed contracts, net of any payments to outside services, derived by the Company from such new contracts. The Company has the right to terminate Mr. Berman's Employment Agreement at any time upon payment of 6 months' salary payable in 16 monthly installments following termination.
https://backend.otcmarkets.com/otcapi/company...88/content
By the way there was also CEO Georgio Johnson in between CEO Timothy Owens who was first given the 30M pref. shares and CEO Steve Berman. There seems to be someone who was constantly involved with all of them and that's the Accountant, Alan J. Bailey.
Interestingly, while under Berman, The Bunker Law Group was brought in... under Owens it was Zouvas Law Group .
Just stating some possible relevant facts to resolving the matter of an attorney letter to clear our 'yield' sign and move us with FINRA?
Have a great weekend and,
Very best to all with ONCI/HEXA !
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