Onfolio releases letter to shareholders

Onfolio’s (ONFO) chairman and CEO released a letter to Onfolio shareholders. Highlights of the letter include: “…We started with four key beliefs: there are hundreds or thousands of profitable online businesses undervalued due to idiosyncratic risks or suboptimal operations; aggregating these businesses reduces individual risk, strengthening the portfolio; our operational expertise enables us to run and grow these businesses more effectively than their previous management; our public company status allows us to access capital at costs lower than the returns generated by our acquisitions. In 2024, we made significant strides in all these areas. We acquired three new businesses, adding eight revenue streams and $6M in revenue…in 2024, we adopted a hybrid model;”centralized strategy, decentralized execution…This approach enhances operational efficiency, accelerates growth, and enables acquired businesses to maintain and expand profitability. In March 2024, we launched Special Purpose Vehicles, allowing accredited investors to co-invest in acquisitions…While not a long-term strategy, SPVs will remain part of our acquisition playbook in 2025, alongside preferred shares…A major milestone was quoting our preferred shares on OTCQB, providing liquidity for early investors and expanding access for new ones. Each share pays a $3 annual dividend, appealing to income-focused investors. Since 2022, we’ve raised $1.5M in preferred share financing and issued $3M of preferred shares as part of acquisition financing. ..Throughout 2024, we have significantly reduced our losses and we now appear to be essentially at profitability. We’ve reached a position where we can continue operations without requiring additional fundraising or acquisitions to achieve profitability, yet we will continue to pursue both because they accelerate our growth and long-term value creation…2025 promises even greater momentum. If we execute well, we anticipate achieving significant profitability in the near term, reinforcing our ability to deliver compounded returns for our shareholders”.