It wasn't a tweet but a shareholder letter and the original grant of Series A preferred were found in earlier financials.
February 8, 2019 SHL.
https://ih.advfn.com/stock-market/USOTC/on4-c...e-to-share
Shareholders, I am happy to report that we have reduced the OS of On4 Communications by 1.4 billion shares. For the 12 months ending Oct 15 2018, we reported an OS of 4,505,705 518. The new OS is now 3,105,705,518. 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.
Of course there was no follow up regarding Owens' preferred shares.
Also the 4/30/15 financial report (page 4 , 6th paragraph):
https://backend.otcmarkets.com/otcapi/company...13/content
February 8, 2019 SHL.
https://ih.advfn.com/stock-market/USOTC/on4-c...e-to-share
Shareholders, I am happy to report that we have reduced the OS of On4 Communications by 1.4 billion shares. For the 12 months ending Oct 15 2018, we reported an OS of 4,505,705 518. The new OS is now 3,105,705,518. 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.
Of course there was no follow up regarding Owens' preferred shares.
Also the 4/30/15 financial report (page 4 , 6th paragraph):
https://backend.otcmarkets.com/otcapi/company...13/content
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