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Momentum & Growth

On4 Communications Inc (OTCMKTS:ONCI) Climbing Up The Charts

On4 Communications Inc (OTCMKTS:ONCI) is having an explosive month of August. The company released four announcements including a deal with a large shopping site, a deal with a warranty corporation, and contracts with Ford and Chrysler. The press releases excited the market, which pushed up the share price in the month of August. The volume was also extraordinary; more than 150 million shares changed hands some days. Have a look at the recent price action before we provide you all the details.

Source

Business – Our call was good

For those who are getting to know the company for the first time, let’s review its background. Its business strategy is the acquisition of companies, especially with respect to new technologies. These are some of their acquisitions and agreements signed: Charity Tunes Inc., Sound Revolution Recordings Inc., PetsMobility Inc., Sound Revolution Inc., and joint venture agreement to run Digital Media Management & Consulting.

This is not the first time that we are covering the stock. We noted its good direction in the article named “On4 Communications Inc (OTCMKTS:ONCI) Making A Comeback.” We appreciated the profile of the CEO and the agreements signed, thus we believed that this was an interesting company to follow. When we wrote that article, the share price was close to $0.001. Now it is $0.0032. For those who need a calculator, that’s a more than 300% return.

Recent Developments – August has been a busy month

On August 1, 2017, the company released  that it had signed a marketing agreement “with one of the largest worldwide online shopping sites with access to over 50 million customers“. We could not get to know the name of the website, but the press release reads that the site owns agreements with big corporations in the USA. It was said by the CEO, Steve Berman:

“This shopping site also has arrangements with large corporations that offer discounts to there employees including Fed Ex, Pepsi, UPS and General foods and many other companies in the USA and around the World.” Source

The market reaction to the news was reduced. More than 60 million shares changed hands on the day of announcement, but the share price did not move much. Some days later, the company released more significant news.

On August 3, 2017, the company released a deal for its FMS Safe Driving APP with Assurant Argentina. The announcement was celebrated by the market, which pushed the share price quite a bit. The share price move made a lot of sense. Assurant will be expanding into Chile, Peru and Colombia within the next year, and they have bought 500 units to start “at $200 for a total of $100,000 and asked to put another 500 on hold.” Additionally, the CEO announced that the following days were going to be very busy:

“I look forward with a great deal of excitement to providing several more updates on our global and national growth over the coming weeks and expect to make our first big name corporate announcement within 48 hours along with potential local and state governmental opportunities.” Source

On August 3, 2017, the company announced that it had been invited by FORD MOTOR COMPANY to present the FMS distracted driving app at their corporate offices in Dearborn Michigan. Additionally, another invitation from the Mayors office in San Antonio to pitch the company’s driving solution for all Government vehicles was announced. The market obviously pushed the share price even more and more than 100 million shares were exchanged. Additionally, CEO Steve Berman said:

“We expect to be able to announce another big corporate name as well as another Government entity early next week.” Source

Finally, on August 8, 2017, it noted another meeting to present FMS safe driving app to the “CHRYSLER CORP Ticker symbol FACU IN AUBURN HILLS MICHIGAN.” CEO Steve Berman, expressed as follows:

“Distracted driving is a worldwide epidemic and auto makers have now realized that this is the logical next step in auto technology. I look forward with a great deal of excitement to secure future meetings with major auto makers in the USA and EUROPE .” Source

Conclusion

On4 Communications Inc. has been an interesting stock. We commenced covering every move of the company mostly after the new CEO was elected. His profile was promising. The decision to bring him onboard was the right one. He commenced to meet with big players in the car industry, and it seems a big deal is brewing. The share price has moved up as a result of all the good announcements. We will be waiting for more good news, thus we will be alert as ONCI has proven to be a stock that can run.

We will be updating our subscribers as soon as we know more. For the latest updates on ONCI, sign up below!

Image courtesy of Dave Barger via Flickr

Disclosure: We have no position in ONCI and have not been compensated for this article.

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On4 Communications Inc (OTCMKTS:ONCI) Climbing Up The Charts
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