On4 Communications Inc (OTCMKTS:ONCI) continues to be a wild and wooly rocket ship on the OTC over the past month. Shares of ONCI have launched nearly 1,000% higher since early August, and recently even emerged from the sub-penny ranks. The company’s most recent catalyst is its announcement that it has signed a major new contract with Pennsylvania/New Jersey dealer Group with brands including Jeep, Kia, Chevy, Ford, Alpha Romeo, GM, Hyundai, and Nissan.
CEO Steve Berman commented on the deal: “This contract is for 20 dealerships in Pennsylvania and New Jersey. Each dealership will take 20 units per month at $200 per unit which is $80,000 per month and 1 million per year. The units will be delivered October 20, 2017.”
On4 Communications Inc (OTCMKTS:ONCI) frames itself as a company that seeks to acquire and/or merge with businesses that present new opportunities and innovative business plans, especially with respect to new technologies.
The Company owns a 49% equity/ownership stake in Family Mobil Safety Marketing, the distributor of a safe driving App and a 49% equity/ownership stake in Digital Media Management & Consulting, a joint venture which implements electronic sell-through and content advertising supported networks.
According to company materials, “On4 is a holdings company with an aggressive focus of acquiring proven and profitable businesses. Our first project is focusing on businesses operating in the $1.7 trillion U.S. healthcare industry. Our newest targeted businesses are operating in the trillion-dollar mobile App space. Our first acquisition in the mobile App space is FMS Marketing a global creator and distributor of mobile Apps for Android and iPhones. We are also targeting businesses to acquire and joint venture with in the medical marijuana and emerging MJ ancillary products space.”
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As noted above, the company just announced a major million dollar deal with a Pennsylvania-based dealer group. That announcement follows hot the heels of the company’s deal with a group in California that spanned a major spectrum of auto brands. Momentum would appear to be the name of the game. That has certainly been the case on the chart of late.
However, there was even more to the company’s recent release, which closed with a promise that should be noted by those actively fading the stock:
“We are also pleased to announce a JV with Title King a division of New America Energy Corp. Through this JV we will be able to create additional revenue in the very profitable Micro lending business. Our niche in this industry will be the ability to bring Lenders, Customers and Dealers together in one very simple application. By using our current ad platform on Google, Facebook and other social media we can deliver leads to title companies. This App is free and makes money by delivering leads to title companies. On 4 will receive 50% of the leads it generates or $12.50 per lead. Based on our current ad platform statistics we can deliver over 1000 leads per week generating $12,500 per week for a total of $600,000 a year to start. Financials will be out Friday as well as another big announcement next week,” CEO Steve Berman Concludes.
Traders will note nearly 220% piled on for shareholders of the company during the trailing month. Market participants may want to pay attention to this stock. ONCI has a track record that includes a number of dramatic bounces. What’s more, the company has benefitted from a jump in recent trading volume to the tune of nearly 110% beyond what we have been seeing over the larger time frame.
At this time, carrying a capital value in the market of $3.75M, ONCI has virtually no cash on the books, which compares with about $532K in total current liabilities. ONCI is pulling in trailing 12-month revenues of $363K. In addition, the company is seeing recent top line growth, with sequential quarterly revenues growing at 454.5%. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $ONCI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $ONCI, either long or short, and we have not been compensated for this article.