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I sold last week after being in this for a long time. Made some money but it's time to move on. I should have sold when it was higher. Good luck to all who remain here.
$OMQS is a sell....IMO
The company is run for the insiders to milk it
No path to profit
Zero growth
No cash
Expenses every quarter out of control
Lots of stock awards for INSIDERS that contribute NOTHING
$50 million accounts payable
Look at REKR, where the stock is.....OMQS will follow it down
You focus on what you want to focus on. I will focus on what the SEC will care about
they re did website to reflect AI and not old biz
there is plenty of junk here
no need to focus on what you focus on
the new shares given are
A SLAP IN THE FACE OF ALL SHAREHOLDERS
There is an investigative report from Israel that explains the method. It also mentions by name and photo 2 of OMNIQ's Directors and main shareholders. They basically start a number of shell companies and funnel the money around. I already sold all my stock here, I am just trying to warn others!
They recently redid their whole website just to hide their past and their directors but they are still lasted on their SEC files.
https://13tv.co.il/item/news/domestic/crime-and-justice/moshe-hogag-13-news-inquary-1419597-902721378/
they just gave insider 70,000 FREE SHARES
for what? what have they done besides LOSES MILLIONS every year ?
they run this company like a piggy bank for insiders
no they are not
and if you read the report carefully you would note many hints of caution and worse, negativity
if they wouldnt have an association with OMQS, they would rate it a sell or even not cover it
https://omniq.com/wp-content/uploads/2022/08/E294FBA5-8A0E-4355-A2A6-64582E7F661B-298-00000116C37F9B1A.pdf
LOWERED REVENUE projections and went from a projected profit to a loss.....NO PROFITS in sight...expenses are out of control and debt is a huge burden! $OMQS is a SELL
I dont believe that at all
They have zero control of the stock
Just as they have zero control over the over the top expenses
That is because its manipulated constantly by the insiders
but stock does trade better then the mkt
Ben
Thats minor and meaningless
There are much greater issues
Namely
No working cap
Cash crunch
$50 million acct payable
No growth
Miniscule profit margin
and
Expenses out of control
These are real issues
Digging further into their latest SEC filing, even this one has a "Share purchase agreement" with a debtor named "Jason Griffith" that concedes all votes to Lustgarten. I believe there is a law against this kind of power grab by one person.
https://sec.report/Document/278165/000149315221010567/ex10-2.htm
Section 4(b) (b): The Holder shall have executed the voting agreement attached as Exhibit A hereto whereby the holder grants the Company’s Chief Executive Officer voting rights with respect to the Common Shares acquired hereunder
WHY ARE THEY STILL HERE??
Who is going to vote them out? all the directors concede their votes to the CEO.
Even their settlement agreements with their creditors have a clause that concedes all votes to the Lustgarten. I posted those agreements a few months ago.
the real issues
are
no growth
little cash
next to no profit margin
out of control expenses
and
loss after loss after loss after loss
one has to question mgt judgement on that
at the very least
it doesnt LOOK good
and can lead to many asking questions....WHY ARE THEY STILL HERE?
SOME FOOD FOR THOUGHT:
In November last year Yaron Shalem, Guy Elhanani, and several other individuals were arrested in Israel for Crypto Related Fraud, Money Laundering, and more.
A month later, OMNIQ vote both guys for directors of the board??!! Here is their SEC filing: https://sec.report/Document/0001493152-21-032135/
Now here are a couple of letters to the judge in the Celsius Network case. Press CTRL+F and look for Yaron Shalem, or read the whole thing. One guys mentions "An Israeli Crime Ring"...
https://cases.stretto.com/public/x191/11749/PLEADINGS/1174907262280000000078.pdf
https://cases.stretto.com/public/x191/11749/PLEADINGS/1174907262280000000061.pdf
Note that 5 out of 6 of the new directors are Israeli, two of which were arrested. OMNIQ approved them AFTER they were arrested...
They can’t get expenses under control…..the more revenue, the more expense and the profit margin is slim….they need almost 40% margin to break even
And they won’t get that
Plus
No
Cash
The company exists to enrich insiders with unwarranted salaries, stock awards and criminal consulting agreements
Good for them
Bad for us
Something doesn't add up....they have all those airports, and what is their income? Are they trials at no cost? They have their id systems in the smallest of "cities"....1 stoplight towns. Why can't they get bigger towns/cities? I think they are giving stuff away in order to get presence anywhere. However, they are getting contracts with government and some reputable Fortune 500's, so they must have something of value in their product mix. I think 1/2 is legitimate, and the other 1/2 is just hopeful stuff that they are hoodwinking investors with. They have to watch out, or there could be trouble with how they are communicating on the later.
every quarter the expenses go UP....always some excuse why it does....always say non recurring and every effen Q it OCCURS
where are the profits
where is the road to profits?
I see NON
WHEN THE CEO KEEPS LYING ABOUT THE FINANCIAL STATE OF A PUBLICLY TRADED COMPANY...FRAUDULANT PRESS RELEASES ARE CONSIDERED WIRE FRAUD...
FRAUD BY MISREPRESENTATION OF A MATERIAL FACT!!!
https://www.investopedia.com/terms/w/wirefraud.asp#:~:text=The%20U.S.%20Department%20of%20Justice,to%20defraud%3B%203)%20that%20it
The accompanying consolidated financial statements have been prepared assuming that we will continue as a going concern. The following are the principal conditions or events which potentially raise substantial doubt about the company’s ability to continue as a going concern:
? Balancing the need for operational cash with the need to add additional products
? Timely and cost-effective development of products
? Working capital deficit of $31 million as of June 30, 2022
? Accumulated deficit of $76 million as of June 30, 2022
? Multiple years of losses from operations
? Multiple years of negative cash flows from operations
What a disappointment
Zero growth (if you take out Dangot)
Increased losses
Much less cash
I guess they will run the stock to do an offering
There seems no path to profitability here
IMO
$OMQS amazing that the stock isnt flying on this news
I bought 4000 more
Very solid week going here. Let’s see where we end the session today… but it’s moving in the right direction
I haven’t seen the new website. Will check it out now. But yes alot if news coming. Still need more eyeballs on the stock.
very impressive news flow
new website is awesome and shows what they really are about
I bought more
Moving in the right direction….with a little extra volume….
It’s nice to see. Good luck to all us longs.
there never was insider buying
there wont be
they own almost 50%
why buy more
http://www.insidercow.com/history/company.jsp?company=omqs&B1=Search%21
I agree. I wonder why they haven’t recently??? That could really instill some confidence
I would love to see some insider buying at these levels. When that happened 2-3 years ago the stock really took off for a short time.
A little action today. Nice to see some shares trading at least
That story and their hiring today of marketing coordinator and there is no PR announcement of either. I follow OMNIQ on twitter and this came up in a tweet.
We are excited to welcome our new Marketing Coordinator Alicia Salazar to the omniQ family. With extensive experience in international business & entrepreneurial expertise in brand marketing we believe Alicia will quickly become an integral asset to the marketing department.
Surely they need help in the marketing area.
Not for nothing that is a cool story about the CEOs grandparents. Hero’s for sure.
Now we just need to get some action with this stock. It’s so weird how there is basically zero trading.
same thing we all are
PROFITS
Makes no sense. What the heck am I missing???
past 2 contracts
$40 million
mkt cap?
$40 million
Looks like OMQS received a nice PO for 11million. Not a word about it here or much action with the stock price. I don’t get it. What the heck is going on with this stock??? So weird. No one is interested except the four of us here.
Someone's keeping the stock low for a reason
Only other thing To think of is all those cheap warrants/options
All the odd lot trading ?
Not my world I'm not a trader !
Public record but in my opinion executive leadership wealth is tied to the stock price
Cheers ??
We had an incredible experience preparing for our upcoming segment with Utahs oldest TV Station ABC4. We can’t wait to show the world the game changing technology that improves communities, generates revenue, & adds incredible safety you can’t find anywhere else. Stay tuned! pic.twitter.com/Pa8j7SHB2z
— omniQ (@omni_Q) May 5, 2022
its this
Introducing the Q-post EZ Edge VRS Bollard from omniQ! This technologically advanced bollard is made for long-term installations where durability in all weather, style that melds, and superb accuracy are key factors in your company's vision. Pre-Order Begins May 30th! pic.twitter.com/6vP5HRahhn
— omniQ (@omni_Q) May 2, 2022
Did they actually release one? I don’t see anything. Thanks
a new and improved product
Was that fake?
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