OMNIQ Corp (OMQS)

[windough-shopper]

Another quarter report

More junk

More LOSES

but this time they are in

NON COMPLIANCE WITH 2 BANKS

Gonna go BK?

[Amisag]

Important article. OMNIQ does NOT have AI, it has an OCR engine, also known as Machine Vision. It was built with open source OCR engine.

Don't buy into their hype.

https://slate.com/technology/2023/05/artificial-intelligence-hype-ibm-ftc-twitter-threadbois.html

[renaissance1]

Big move today. Wonder what’s up

[windough-shopper]

OMQS signs another city, Population: 972 (2021)

[windough-shopper]

so they blamed the 16% profit margin on a non recurring item

4th quarter in a row they have some non recurring item

its like a recurring non recurring item

oh, and had they not had that

they would have a 20% profit margin


JUNK!

[windough-shopper]

So the headline reads great, but in fact its as bad as ever

Another huge loss, despite us being told profits were coming with Dangot deal

Three times as much EBITDA loss as last year

Almost no cash...and they cant raise any!

The fourth quarter would have been down almost 75$ from last year if not for Dangot


Fourth Quarter 2022 Financial Results

OMNIQ reported revenue of $25 million for the quarter ended December 31, 2022, an increase of less than 1% from $24.9 million in the fourth quarter of 2021. Our Gross Margin was 16% compared to 2021 which had gross margin of 19%. Total operating expenses for the quarter were $7. 5 million, compared with $7.6 million in the fourth quarter of 2021.

Net loss for the quarter was $4 million, or a loss of $0. 53 per basic share, compared with a loss of $2. 2 million, or a loss of $0. 36 per basic share, for the fourth quarter of last year.

Adjusted EBITDA (adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) for the fourth quarter of 2022 amounted to a loss of $1.4 million compared with an adjusted EBITDA loss of $553 thousand in the fourth quarter of 2021.

Cash balance at December 31, 2022 was approximately $1.3 million compared with $7.1 million at December 31, 2021

[windough-shopper]

Going onto the low 3 s

[Amisag]

Just a reminder of who these people are.

Note the address on SEC filing is in Tel Aviv. When you Google it, it doesn't exist...

This is true for all the directors of #OMQS... They file fake addresses

Be careful here!!

https://omniq.com/investor-lounge/#popup_yaron_shalem_

https://www.timesofisrael.com/another-2-leading-israeli-blockchain-pioneers-named-as-suspects-in-vast-crypto-scam/

[Amisag]

Here it is. The recent activity is from insiders exercising their 2018 grants which expire last week. https://www.sec.gov/Archives/edgar/data/1716133/000149315223007055/xslF345X03/ownership.xml

Their latest press release about Airports was a project awarded a year ago. They waited for the right timing for this PR. Also, money wise that project is under $500K in revenue and OMQS/HTS historically lost 20% on airport projects.

Sorry if the reality doesn't fit your hopes.. Just providing the information so you all can make educated decision with your money

[heyitsmeagain]

Bought

[renaissance1]

6.95 after hours. Interesting. We will see if it can hold. Something up??

[renaissance1]

6.95 after hours. Interesting. We will see if it can hold. Something up??

[Amisag]

Wonder why all the activity today? As predicted a few months back, the insiders exercising their option which expire this weekend...

[windough-shopper]

so a same type of company REKR can sign cities with 180,000 in population

https://beststocks.com/rekor-systems-awarded-1-8-million-contract-f/

and OMQS does deals with cities that have 28 people and 11 dogs and 3 pigeons

[windough-shopper]

OMQS had a meeting with investors

OMQS had a PR with a new "customer"

No one cares

For obvious reasons

Unprofitable
Zero Margins
Zero Growth
Huge Debt
Little Cash
Loss on every city they "deploy" the tech

Other then that

Its perfect

[windough-shopper]

well, they are moving up

they got a city with 6200 people

sure beats the 2000 people cities of the past

[windough-shopper]

its just to free up shares for possible sale eventually

the real issue

is shitty business

[Amisag]

CAN SOMEONE PLEASE EXPLAIN THIS??

I am looking at the list of names of employees (Page 21) who are offering their stocks and stock options for sale.

Some of those employees are giving up their complete ownership of the company. For example, Guy Dangot who I am guessing is the son of the owner of Dangot (Recently acquired) is giving up his complete portfolio (51K share vested and unvested)?!!

Is this normal? If so, what is the purpose?

I don't want to make assumptions or statements without understanding this..

https://seekingalpha.com/filings/pdf/16368997

[Amisag]

https://ipvm.com/reports/favorite-and-worst-lpr-anpr-providers

These losers are not even mentioned by name in this widely covered article...Rekor is there, but also as a small player...As if OMQS doesn't even exist!!

[Amisag]

Not just their CEO. The majority of their employees are getting rid of all their shares

https://seekingalpha.com/filings/pdf/16368997

[windough-shopper]

$OMQS overpaid ceo files to sell almost 1 million shares

[windough-shopper]

All AI stocks hot

They finally go to bottom of the barrell

[renaissance1]

Hmmmmmm …….
A little positive action today.

[windough-shopper]

AI is all the craze on Wall Street

AI stocks soaring

Except OMQS,

Of course, they are a PRETEND AI BS "COMPANY"

[Amisag]

Here is another one: https://www.sec.gov/Archives/edgar/data/1383637/000110801707000054/ex102.htm[3/21/2022 10:32:42 AM]

"Phoenix International Ventures Inc (PIV) of Carson City Nevada, PIV is owned Mr. Zahir
Teja, the Nissenson family and others.
Anney Business Corp. (Anney) of British Virgin Islands, is wholly owned by the Nissenson family.

PIV retains Anney in order develop the business of PIV by adding the experience and expertise of Anney's management in the fields of defense
aerospace industry as well as financing, business development and public company
management."

[Amisag]

Page 80 of this SEC filing shows beyond reasonable doubt that this is not the first "Rodeo" for the Nissenson family. Person known now as Carlos Nissensohn was Haim Nissenson back in 2007. Different business, same swindle, same swindlers. Even Itzhak Almog, former DOB is there... (signature page 114)

http://pdf.secdatabase.com/1163/0001108017-07-000424.pdf

Here is Dionysos FB page: https://www.facebook.com/profile.php?id=100044435352782

"The parties agree that Dionysos Investments will be compensated by the Company for the Services provided to the Company in the amount
of Eight Thousand British Sterling Pounds (£8,000) per month, beginning on January 1, 2007; (ii) In addition, the Company will pay Dionysos
Investments a one time success fee in the amount of Ten Thousand British Sterling Pounds (£10,000), for initiating, establishing and developing
the relationship between the Company and certain Israeli financial institutions during fiscal years 2005-2006, relationships which resulted in
significant investments made by certain Israeli financial institutions; (iii) In addition, the Company will pay Dionysos Investments a success fee
for any future investments in the Company made by Israeli investors during fiscal year 2007, provided such investments were a direct or indirect
result of the Services provided to the Company. The success fee will be equal to 0.5% (half percent) of the gross proceeds of such investments"

[windough-shopper]

[windough-shopper]

In my opinion omniq is a zombie company they could never ever make money selling their gizmo's and they can't get any city That has a population that will bring in serious money plus they have to pay these small cities to take their technology and they will never get your money back

[windough-shopper]

ATTN Shai and BOD

I know you wont listen, cause OMQS exists to waste shareholder money on WORTHLESS consultants, way too much of a salary to a CEO that cant deliver profits or growth, and to enrich insiders

but here goes

Stop with the BS 2000 citizen town deals, that will just lose you money.....everytime you announce of these it just show you got NOTHING

Stop selling GIZMOS and no profit.....its useless....

Fire the consultants that cost you $50k or so per month....PLUS commission on useless deals they do

The CFO has ONE job, to get the numbers out quarter, to pay him a salary AND a bonus to do so is a slap in the face of us all

Look at this NEWS, https://www.rekor.ai/post/rekor-announces-multiple-state-departments-of-transportation-task-orders-and-contract-extensions-for-non-intrusive-roadway-data-collection

Real CITIES, real STATES, not like some 2 horse towns you get

I could give you more ideas, but you never listen

If you cant get it done and in 5 years you have shown you cant.....not to mention, you DUMP on the one that has shown since 2014 that HE is the only one that brought value

RESIGN

or

SELL

This "new" OMQS is worse then the old company, at least they had EBITDA

You have given us junk for 5 years

ENOUGH!


PS....THREE CC's ago you said you had 60 city backlog.....since then you got 5 cities, with a total population of my LOCAL SUPERMARKET......you either LIED or YOU CANT GET IT DONE

Enough already

[windough-shopper]

once again

news

and 200 shares trade

good they spend 10's of thousands per MONTH on consultants that bring less then zero value

while shunning those that have gravitas

meanwhile REKR comes with somewhat same news and almost 1 million shares

wake up OMQS

[windough-shopper]

Well they got 2 more cities in their safe city's program one has a population of about 1301 has a population of about 2600 they're doing absolutely great in focusing on little tiny cities where they will never ever make money the stock is a cell

[windough-shopper]

well

I cant respond

Cause I have no clue

I have other issues with OMQS

I have posted often

One of the issues I have is.....they bought TEAMTRONICS for (among other reasons) to use its scanners instead of big label and have better profit margin and NADA

Nothing they ever said has been borne out in reality

SCREW EM


I brought one deal to em and it got done, I had other deals for em and sent em info and they never got back to me

SCREW EM

SUE THE CRAP OUTA THEM

[Amisag]

"Jason has done nothing for the company for yrs"

Oh yeah??

https://www.sec.gov/Archives/edgar/data/278165/000149315217010372/ex10-1.htm

Who do you think owns YES IF??

How about LVHenderson?

https://stocktwits.com/lvhenderson
This is only the tip of the iceberg
It's time for some under oath depositions!

[windough-shopper]

Jason has done nothing for the company for yrs,

I dont know the other rules you mentioned

If it is illegal, why would OMQS lawyers allow it?

No one was forced to sign the agreements

[Amisag]

"To b fair"

"The prior iterations of omqs means nothing to the current omqs"

NOT TRUE! there is one person who stayed all along "consulting" under a different name. The ticker was used as a dormant for companies to uplist.

"That those that were owed money agreeing to vote with mgt, is understandable"

again, NOT TRUE, the concentration of power in a public traded entity is illegal and goes to the heart of the RICO statute. Also, under contract law, forcing someone to sign such clause in order to receive a consideration they are legally owed is an "Abuse of process" and an invalid contract as it was forced on the individual using "Economic Duress".

[windough-shopper]

To b fair

The prior iterations of omqs means nothing to the current omqs

That those that were owed money agreeing to vote with mgt, is understandable

What is an issue

Is the huge monies paid out to Consultant that does squat, n all the monies for so called professional services, n the huge salary Shai gets for running a losing money company, n the zero profits, even though they promised us they would be ebitda profitable THIS YEAR

RICO? GOOD, GO GET EM

[Amisag]

I just went back to the history of this forum...

There were red-flags all along.

back as far as 2016 Eldorado413 pointed out some folks are pumping the stock here:https://investorshub.advfn.com/boards/read_msg.aspx?message_id=126667954.

This link shows the history of this shady ticker as it switches hands, names and purposes:https://research.secdatabase.com/CIK/278165

all the way from "Gaming Technology" back in 1995
"Left Right Marketing" in 2003
"Strategic Gaming" in 2006 (the most appropriate name for this shady stock)
"Amerigo Energy" in 2008

It even tried "Le Flav Spirits" at some point. The only common denominator to all is greedy individuals milking money from you, the shareholders...

The new regime came in in August 2017 and awarded themselves with stock options at $0.12. They issued new stocks to the outgoing regime in settlement agreements.

The former regime all conceded their votes to the new CEO making him unremovable for all practical purposes:

1. “the Marins agree to execute the voting proxy agreement in favor of the Company’s
CEO, Shai Lustgarten” (David and Kathy Marin Settlement agreement, at 2(b))
2. “Thomet agrees to execute the voting proxy agreement in favor of the Company’s CEO,
Shai Lustgarten” (Kurt Thomet Settlement Agreement, at 2(b))
3. “ Zicman agrees to execute the voting proxy agreement in favor of the Company’s CEO,
Shai Lustgarten” (George Zicman Settlement Agreement, at 2(b))
4. “Griffith agrees that the Voting Agreement dated September 8, 2017 by and between
Griffith and Shai Lustgarten shall remain in force for all shares that possess voting
rights which are owned by Griffith after this Agreement” (Jason Griffith Settlement
Agreement, at 2(b))

The links below are for the stock options the new regime awarded themselves:

Yaron Shalem -http://pdf.secdatabase.com/732/0001493152-18-003286.pdf
Neev Nissenson - http://pdf.secdatabase.com/731/0001493152-18-003285.pdf
Lustgarten - http://pdf.secdatabase.com/733/0001493152-18-003287.pdf
McMillan - http://pdf.secdatabase.com/734/0001493152-18-003288.pdf


Those options will expire on March 2023, so unless they sold without submitting insider trades, they can still buy and sell at profit. Question is to who?

Last but not least: On January 2018 "Teamtronics" acquired "HTS" for $4m

Former CFO Benjamin Kemper is listed as the officer of Teamtronics but he's only the "fall guy". He resigned in 2019

At the time of the acquisition Guy Nissenson, Son of "Consultant" and brother of CFO was the CEO of HTS

In , October 2018 Quest/OMNIQ acquired HTS for $7m from "Walefar" and "Campbeltown"two Cyprus based shell entities owned by Nissenson and Lustgarten

I have evidence that prior to the acquisition HTS was still profitable. Upon information and belief, Lustgarten and Nissensons pocketed the $3M and the profits of the acquisitions

I already notified their lawyers of my intention to file a civil RICO. if anyone has tips to submit or wants to hold them accountable in court, PM me.

[Amisag]

Big F*&%ING difference, BOD, Advisory, this is not news worthy. was an "advisor" for 3 years already, what difference will it make that she is on the board other than more expenses??

Same bunch of cronies that are positioned in place by the insiders. almost the exact number of votes for each director.

https://www.sec.gov/ix?doc=/Archives/edgar/data/278165/000149315222035874/form8-k.htm

[windough-shopper]

well, that was advisory

now its BOD,

so there is a difference

but

What about

Growth
Debt
No cash
Tiny profit margins

ETC

GOING LOWER

[Amisag]

#OMQS

Now you are just recycling OLD NEWS?!?!

You really insult your clients intelligence....

https://www.globenewswire.com/en/news-release/2019/01/10/1686154/0/en/Quest-Appoints-Scientific-Luminary-and-Technology-Thought-Leader-to-Advisory-Board-To-Support-Company-s-Disruptive-AI-and-Big-Data-Strategy.html

[windough-shopper]

Opps

I was told its not a 5 yr low and I just checked and indeed it isnt

One of the [altforms I saw showed it at the 5 yr low

they 5 yr low is below $2 https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=omqs&insttype=&freq=2&show=True&time=12

ITS GOING THERE!

[windough-shopper]

Five yr low is here

Great job mgt at OMQS

[Amisag]

Nah, they got a good thing going. They will continue to pump it with dumb, made up success stories as long as they can. And continue to vote their cronies for another year of Free-Lunch "courtesy of our gullible shareholders"

https://www.sec.gov/ix?doc=/Archives/edgar/data/278165/000149315222035874/form8-k.htm

[windough-shopper]

Will TODAY be the day

They hit a new 5 yr low?

How come the 60 city backlog they talked about THREE CONFERENCE CALLS ago


Have never been closed?

Only three of them?

Whats the real deal?

[Amisag]

WATCH VIDEO - #MashinskyLies
The juxtaposition of @celsiusnetwork CEO @Mashinsky dodging questions and lying about his connections to Moshe Hogeg, followed by unambiguous, unassailable proof of his lies, is powerful.
1/🧵 pic.twitter.com/vT9l1l2Y7M

— Cory Klippsten 🦢 Swan.com (@coryklippsten) May 31, 2022

What did you do yesterday OMNIQ???

Hint: OMQS SEC form 14A

[windough-shopper]

The 5 yr low

Is $4.35

It will go lower

Much lower

[windough-shopper]

This is what you get

When you alienate

Loyal shareholders

And listen to LOSERS

[windough-shopper]

Huge debt

Little cash

Expenses outa control

Consulting fees up the wazoo to "persons" that produce NOTHING of value

Negative growth

Profit margins lower then the candy store on corner

Safe City sign ups with cities who total populations into a phone booth

Any wonder why

[windough-shopper]

[windough-shopper]