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  4. On4 Communications (ONCI) Message Board

Alright, now the Subsequent events do show a new n

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Post# of 40991
(Total Views: 608)
Posted On: 06/14/2019 6:46:05 PM
Posted By: MoneyForNuthin
Re: MoneyForNuthin #34582
Alright, now the Subsequent events do show a new note for $90K added, but also the payoff of a $60K note. So the net addition - subsequent to the end of quarter until now - was $30K in convertible debt. And that goes into the current quarter, so not in the quarter that was reported.

Still - not bad at all, considering what's being accomplished.

My two favorite highlights of recent months:

1) 2 back-to-back quarters with about $600K in cash received from sales.

2) We finally received notice that the Drive Conditions monitoring features have been added to the product, hardware (with the necessary embedded firmware) has been received from our "partners in asia" (mfgr), and we've got the long sought after integrated full feature set that insurance companies clearly need in order to begin putting this product in first thousands and then - hopefully within a year or so - millions of their customers' vehicles and phones.

2b) We just saw our first professional press release since ???? - hopefully they are ALL like that, going forward, though I don't expect the shareholder letters to be such... and not necessary imo

We've had news item 2 above give to us ONE WEEK AGO in our first professional press release since I can remember.

We just received item 1 above about 45 MINUTES AGO.

I think we're turning a corner in a big way that we'll see building momentum (and therefore, +pps) every week/month going forward.

I will say that I am more pumped up about the current situation than I ever was in the past 3 years!


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