OMNIQ Corp (OMQS)

[Light-man]

Complete bloodbath today. Biggest volume in a long time and all unloads. What a disgrace.

[Light-man]

Agree. Warrants and/or options granted for the fronting of capital. We're not tanking just from normal market influences or state of the company. They have to exercise grants by March so they're panicking due to the PPS drop, causing more sell off, hence the vicious circle we've been in.

[1120PC 953d]

This has to be the exercising of warrants and quick dump by warrant holder

I doubt any one is foolish (not stupid) to short this as such

[Light-man]

Thanks. Ya, Zacks coverage wasn't all too thrilling either. Fingers crossed for a banner Q4 report. Hopefully we will see some movement in the right direction this year.

[windough-shopper]

We are all frustrated and have been for 7 years

NASD has been junk for a month, but no excuses, cause we didn't run when nasd ran

The last Q was disappointing n the Lake Street writeup was tepid

My guess

[Light-man]

Ah, we're just frustrated and searching for an explanation. Any thoughts on why we've lost 35% in two months while the rest of the NASD has been fairly level? You've had some good insights in the past.

[windough-shopper]

If any of you "people" believe what you wrote

Sell

A
S
A
P



Bye

[BenQ]

Yeah, I also noticed they recently "rewrote" all their press releases on their website to cover any tracks of HTS or QUEST...

So everything prior to the name change reads a bit like a Freudian slip now, such as:

"In addition to his role as CEO of omniQ, Shai Lustgarten is also a major shareholder and the CEO of omniQ, and as a result, the acquisition constitutes a related party transaction. Mr. Carlos Nissenson, a principal shareholder of omniQ, is also a principal shareholder of omniQ. A special independent committee of the Board of Directors of omniQ was established to consider the proposed transaction, and on their recommendation, the Board ordered an independent valuation analysis and a fairness opinion."

https://www.omniq.com/quest-solution-announces-the-acquisition-of-hts-image-processing-inc-a-leader-in-artificial-intelligence-based-automated-vision-solutions/

[Light-man]

Interesting. Now we know who the sell-off culprits probably are. They have been holding until it got some legs so they could start collecting the vig on their loans to Lustgarten and co. (in the form of share grants). They've been driving us down. Also seems very unusual, and likely unethical, to have it come with a binding proxy agreement to ensure the votes go towards retaining Lustgarten as the president. I fear the ides of March.

[BenQ]

Also just noticed that all their settlement agreements with their creditors have the following clause:
"hereby agree that they will not collectively sell more than 10% of the shares of Common Stock beneficially owned by them in any 30-day period (the “Trading Restriction”). The Trading Restriction shall be null and void 180 days after the Company’s Common Stock is listed on the NASDAQ Capital
Market or another national stock exchange. In addition, the Marins agree to execute the voting proxy agreement in favor of the Company’s
CEO, Shai Lustgarten, in substantially the form attached hereto as Exhibit B."

Does that mean we will see a further selloff somewhere around March??




https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=100378850&type=PDF&symbol=OMQS&companyName=OMNIQ+Corp.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2018-03-01&CK=278165

[BenQ]

This is super frustrating. Something fishy is going on here. Look at the HTS leadership page:http://www.htsol.com/about-us/leadership/

It now says that Lustgarten and Nissenson were Directors since April 2017, But, OMQS acquired HTS in October 2018 under the Quest name.

So this means they acquired it from themselves using our money??

Now look at their SEC filing for the acquisition of Dangot:https://www.sec.gov/Archives/edgar/data/278165/000149315221010567/ex10-1.htm

They created a new entity called OMNIQ Technology. registered it in Israel just a few months before the acquisition: https://www.kycisrael.com/companies/516294444/omniq-technologies-ltd/?add-to-cart=129251&company_id=516294444

WTF?!?!

[Light-man]

Daily volume has dried up too. Big eyes aren't there anymore. They really need to get a promo out.

[Light-man]

At least give us some sort of promising news for 2022. Can't imagine that they're happy about their share price at this point.

[renaissance1]

I wonder if they are going to update their shareholders soon? This is dropping fast. We need to know what the hell is going on.

[Light-man]

Where is this thing going? Continued downtick is both surprising and frustrating to say the least.

[BenQ]

Sad reality that while others remove the rotten apples from their positions

https://www.coindesk.com/business/2021/11/26/celsius-cfo-arrested-on-charges-tied-to-former-job-at-moshe-hogegs-firm/

OMQS approves Shalem and Elhanani for their board of directors:

https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116331614&type=PDF&symbol=OMQS&companyName=OMNIQ+Corp.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2021-12-21&CK=278165

Indeed very telling on the ethics of this company as a whole

[Light-man]

I would love to know too. Crazy and frustrating indeed. That user "windough shopper” seemed to have some good knowledge. Hasn't posted in a while. Maybe we'll hear something reassuring.

[renaissance1]

Does anyone known what the hell is going on with this stock and why we are dropping like a stone??!!!! Wtf???!!! This is insane. And frustrating.

[Light-man]

Have to agree with you. Small lot sell-offs at bargain prices to drive it down. And it continues today. Those MFers.

[1120PC 953d]

Some one is manipulating this and setting it up to shiort
Only reason to consider for the “odd lot” activity

[Light-man]

Let's hope the positive news propels us today. Looks like they're already profiting from their newly acquired tech hardware company.

[BenQ]

CORPORATE GOVERNANCE AND
THE BOARD OF DIRECTORS
Board Leadership Structure and Risk Oversight
Our Board currently consists of four members, Shai Lustgarten, Neev Nisenson, Andrew J. MacMillan, Yaron Shalem, Guy Elhanani and Itzhak Almog. Mr. Lustgarten also serves as our Chief Executive Officer and Chairman, and Neev Nissenson

Let us not forget Carlos Jaime Nissensohn who's been doing a fantastic job at staying behind the curtains for 20 years moving all his pawns around the board...

What connects Singulariteam, TAT, NTS, and RADA??

How many dirty CFO's does it take to pump a stock??

Is it time to make some arrests in the U.S.??

[BenQ]

Did someone mention "Ponzi Scheme"?? LOL

https://coingeek.com/reports-of-celsius-network-cfo-arrest-could-signal-more-trouble-for-tether/

https://sec.report/CIK/0001716133/Insider-Trades

[Light-man]

It's bananas how this thing is dropping for no apparent reason. Stark manipulation.

[1120PC 953d]

HOLD HOLD HOLD....someone or ?? is manipulating this price...not internal..to savy or wily and tied at the hip to the PPS ...IMO...

[1120PC 953d]

I can’t wait to read his response

My memory tells me thank you as a sour taste in his mouth for some reason other than the stock

But what do I know

[Light-man]

The proxy statement with the list of directors has been out since the end of last month. How are you making that connection with the beating that we took today?

[BenQ]

https://www.timesofisrael.com/3-of-israels-most-hyped-initial-coin-offerings-were-scams-ex-employees-allege/

Wondering why OMQS stock is going down today??

Check out the list of board directors they are asking shareholders to approve:https://sec.report/Document/0001493152-21-025696/

Read the article on top, and make the connections between the directors and the companies they worked for: RADA (Hint: Nissenson Carlos), Singulariteam, Sirin, TAT, NTS communication (again, Nissenson's)

Get the picture??

Toxic CFO's...

[Light-man]

Yup. It's extremely frustrating. They don't want to see double digits.

[renaissance1]

I am starting to see what you mean. Was up too 10.88 and then someone took it right back down

[Light-man]

True. I've got to learn to be more patient with this one.

[renaissance1]

Yea. I hear ya but keep in mind a year ago this stock was under 5 dollars so 10 bucks a share isn’t too bad at all. If it doubles again this year I will take it. And then doubles again in a other year….and so on and so on….

[Light-man]

My take is it's the insiders. They're probably issuing options to their board members and want to keep the grant price low. They may also be looking to attract the institutional guys at bargain prices. Either way, it's us guys that have to wait it out longer. I'm just impatient.

[renaissance1]

Do you have an opinion why someone is doing that?

[Light-man]

The games being played with this are so transparent it's comical. Volume remains so low that being on the NASD has made manipulating it just as easy as OTC. My prediction - it will keep getting smacked down as soon as it gets to 10 for the foreseeable future regardless of positive press releases.

[1120PC 953d]

keep your friends close....
Albeit, top mgt interest is aligned w ours

[1120PC 953d]

keep your friends close....
Albeit, top mgt interest is aligned w ours

[Light-man]

I hear ya. Something wants to keep us below the 10 mark. Lustgarten and his marketing team need to do more to attract institutional investors. They even rang the NASD closing bell a few weeks ago and the stock remained flat.

[1120PC 953d]

IMO.. some one or arbitrager is manipulating this stock for a reason.

History of shareholder who started w SGME to AGOE to QUES/ OMQS , have lost certificates , couldn’t make an effort on an OTC now have the acceptable convenience of it being NASDQ.

Consider what the insiders hold in relation to the float.
I say HOLD and be prepare to sell at $15-16

[renaissance1]

Seems like it. Holding between 9 and 10 pps. Not sure what it is going to take to get this thing moving. Buy out looks like the only near term option to get us a big bump. The street is not impressed with the deals they have been getting. Need something big or we stay right where we are. This has been Dead money for a long time now. Oh well. I will wait

[Light-man]

What a snooz fest. Over a month now of barely any volume and no movement. I really believed the NASD uplist would be a big bump but this one got lost in the sea of the bigger tech bulls.

[Light-man]

I think you're right. Buyout is probably coming soon.

[renaissance1]

I agree. I was going to post something very similar on Friday but figured the 5 people that read this board already are used to the way this trades. But it has kind of been slowly creeping up and then kind of hanging around. Very slow but seems to be in a good position. Maybe a buyout?

[Light-man]

Seeing a lot of resistance at the ten buck level about month now for no reason other than someone / something doesn't like double digits. Also has reacted negatively to good news on more than one occasion. This one is strange.

[renaissance1]

I wouldn’t mind that at all. Was hoping we would see $40 plus at some point but that doesn’t look like it’s happening anytime soon. I have been around since way way back. Before this was Quest. I can’t even remember what the original company was. At one point I think this might have been a alcoholic drink company connected too Flavor Flav!!! ???? So any positive movement from here is a bonus for me. Good luck to all of us. Lol.

[1120PC 953d]

As written back on 9/14
“ My gut tells me OMNIQ will be bought by an 800lb gorilla before YE $14 to 15 target price. “

Today’s news on recent success of interest: Zebra could be that 800lb gorilla !!

[renaissance1]

Undervalued or overvalued? Or just right? Would like to see some positive movement. I think at this point we need someone to buy us. Thoughts anyone?

[Light-man]

Thanks. Sold only 1/4 of my lot. Made a decent profit. Hoping we stay on this trend and sky's the limit. Good luck!

[renaissance1]

Well we got to your goal. Hope you made out brother. Hope we all make out eventually.

[Light-man]

I'm sitting on my keester waiting for at least 10 bucks again then I'm gonna unload half. I'm patient but I think the 20 range is a few years out yet. Hopefully I'm wrong and it's sooner but I reckon I'll take some profit in the interim.