OMNIQ Corp (OMQS)

[bakersson]

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.

[windough-shopper]

OMQS

Junk

Sell!

[windough-shopper]

$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

[BenQ]

You focus on what you want to focus on. I will focus on what the SEC will care about

[windough-shopper]

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

[BenQ]

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/

[windough-shopper]

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

[windough-shopper]

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

[windough-shopper]

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

[windough-shopper]

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

[BenQ]

That is because its manipulated constantly by the insiders

[windough-shopper]

but stock does trade better then the mkt

[windough-shopper]

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

[BenQ]

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

[windough-shopper]

it stinks

[BenQ]

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.

[windough-shopper]

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

[windough-shopper]

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?

[BenQ]

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...

[windough-shopper]

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

[jfk]

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.

[windough-shopper]

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

[BenQ]

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

[windough-shopper]

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

[windough-shopper]

$OMQS amazing that the stock isnt flying on this news

I bought 4000 more

[renaissance1]

Interest is increasing……

[windough-shopper]

a bit overbought but looks darn good

[renaissance1]

Very solid week going here. Let’s see where we end the session today… but it’s moving in the right direction

[renaissance1]

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.

[windough-shopper]

very impressive news flow

new website is awesome and shows what they really are about

I bought more

[renaissance1]

Moving in the right direction….with a little extra volume….
It’s nice to see. Good luck to all us longs.

[windough-shopper]

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

[renaissance1]

I agree. I wonder why they haven’t recently??? That could really instill some confidence

[bakersson]

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.

[renaissance1]

A little action today. Nice to see some shares trading at least

[bakersson]

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.

[renaissance1]

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.

[bakersson]

https://www.abc4.com/journeys/heritage-of-auschwitz-heroism-guides-shai-lustgarten-to-use-technology-to-keep-people-safe/

[windough-shopper]

same thing we all are

PROFITS

[renaissance1]

Makes no sense. What the heck am I missing???

[windough-shopper]

past 2 contracts

$40 million

mkt cap?

$40 million

[renaissance1]

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.

[1120PC 953d]

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 ??

[windough-shopper]

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

[windough-shopper]

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

i have no clue what it is

[renaissance1]

Did they actually release one? I don’t see anything. Thanks

[windough-shopper]

a new and improved product

[renaissance1]

Was that fake?

[1120PC 953d]

????????????

[1120PC 953d]

????????????