Monday, January 9, 2012

ONTC - AMIR Owns 47% of ONTC

According to an ownership document filed by Amir with the SEC he owns 47% of ONTC.

For those of you new to this blog, or who haven't been reading up on the ONTC story, AMIR KAMMONA has been buying up ONTC stock left and right. He now owns almost 200 million shares of ONTC stock, with all those shares coming into his ownership via open market transactions.

As of 1/6/2012 the Reporting Person is the beneficial owner of 176,135,420 or about 47% of the Issuer's issued and outstanding common stock.

AMIR continues to buy ONTC stock at these prices and has in essence set a floor for ONTC. You can see it in the chart.

At $.0003/.0004 this stock looks ripe for a rally. And with AMIR buying up the stock with reckless abandon the stock has some very strong support.