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It's a scam!
https://stocktwits.com/ZiggyPG/message/566731064
BEN-GURION AIRPORT, TEL-AVIV, AWARDS OMNIQ TO DEPLOY ITS FINTECH SOLUTION OFFERING OMNIQ’S SELF ORDERING KIOSKS FOR TAXI SELF ORDERING/RESERVATIONS
Next stop
BK
Hello Shia n Haim….I coulda helped
But you lied to me
N
Ignored me
Now you are paying the price
Looks like the website is down as of this writing
Is the company DEAD>?
GUY ELHANANI was apparently the CFO of EZTrader, a Binary options company which was outlawed in Israel and the U.S.
Right before joining OMNIQ, they got $1.7M fine from the SEC for fraud.
SEC Public Statement
EZTrader was going by the name "Win Global Markets" or WGM, and was registered in Cyprus... Sounds familiar?
WGM filing with Elhanani as CFO
Also, turns out Elhanani was the CFO of SIRIN LABS,(SIRIN AMA another Fraud related to Moshe Hogeg, who is related to Celsius Network, which brings up another name... YARON SHALEM, the other OMNIQ director...(YARON SHALEM)
This is extremely concerning, from their last 10-Q.
Q3 of 2023 was the worse Quarter in 5 years.
Revenues are down by a third! yet expenses are up.
And Q Net loss is up to $4.3M the largest in company's history!
With its total debt to vendors and a $96M in Shareholders deficit this company can no longer recover. Looks like their cash at hand can sustain them for what?
Another 5 months?? They will be delisted by then!
I never said buy this,,I am up quite well,are u short,why u waisting so much time bashing instead of trading other plays if u don’t like this one,sorry for your loss
So Omni
When you gonna get rid of the grifter who steals 30k per month
When you gonna pay CEO what he is worth
Namely, $ 15,849 per yr
Genius
To recommend this bankrupt pos
Company gets delisting notice
They are below a buck n.mkt cap requirements
Even a reverse split won't save em
Gonna b ten pennies
Soon
But the corrupt consultant will still get 30k.per month
CFO fired
Now fire his thieving father n save money
Sources within the company reveal that their latest "project" with the Port Authority was only an upgrade and maintenance of software, valued at $80K.
Fake News
ZERO BORROW,not optionable.142k short
60 min has sma200 fast approaching(.63) being loaded and selling slowed
sell
before a delisting
before a reverse split
before another equity raise after reverse split
before being bankrupt
but at least HN is cashin in
When they bought Dangot they promised us. Increase in revenues and increase in profit margins. None of that happened, they lied, obviously Dangot and the other stuff. They have are junk that no one wants
Not 1 analyst was on the call. Today not one
CEO is still talking about profits. He must be smoking something
looks like revenue down BIG
no one wants the junk they sell
So how much will revenue be down and what will the excuse be?
Reverse split....inevitable
Losses every quarter....inevitable
Zero growth....inevitable
Going much lower....inevitable
Bankruptcy....inevitable
Oh, and
Large bonuses and salaries to the 2 crooks....inevitable
Imo
they LOSE money on every deal
support at .10 and a RS will take it lower
OMNIQ AWARDED MULTI YEAR IOT EQUIPMENT SUPPLY CONTRACT FOR ISRAEL'S LARGEST AND NEWEST LOGISTIC CENTER
doubled the company?
the revenue is going BACKWARDS
the losses mount
what utter BS he spews
Lustgarten at the ThinkEquity conference.
"It's real AI"
"It teaches itself" (Well hack isn't that the definition of AI)
"We doubled the company in two years"
Some Friday entertainment
IMO
Sooner
Not
Later
Said vendor will knock n door asking for money n OMQS will say
WE AINT GOT NO MONEY
Then BK
The company treats its shareholders like garbage
Shareholders reward the company with a
GARBAGE STOCK
Well, as I wrote long ago, it broke $1
Mark this post
A reverse split coming
The stock will settle down below .50, maybe even .20
Great job, Shai and Haim
What did dissing me get you.....Oh, I know, a crappy stock
How to partially fix omqs
Shai gets a salary of 120k for foreseeable future
Get rid of Haim n his 30k fee per month, if there is a contract, and there is, let him sue
Cut back expenses all around, especially professional fees
Stop taking contracts that lose money, even if it hits the top line...what's the point of getting contracts with built in loses
Stop putting in equipment where OMQS has to pay, n expect to recoup losses, will never happen
OMQS has a money losing non sustainable biz model....they have never made money, ever
If they don't change it, they will be BK, sooner or later
I understand the so called (bad) management at OMQS is upset at me for bashing....I'm not bashing, I'm merely telling the truth as I see it
I brought them a deal, n had multiple MORE deals. Real deals, to bring em n never got a response. They relied on those that sold them a bill of goods, and the result is for all to see
Here is something else, they are in arrears to a bank, will the bank act? They are in a huge debt position with a supplier, with loses n negative growth, will the supplier act? There is a real chance of bankruptcy here imo
The fault lies with incompetent management
$3 million
thats all they raised
they destroyed the stock and shareholders for $3 million
they are desperate for money and Haim needed MORE money in his pocket cause $30000 per month is not enough
good going
JUNK
Good news
Haim.now gets even more money as a result of the money raise
Reverse split coming
Selling stock
They are desperate for money
Reverse split coming
$OMQS Omniq announces common stock offering, no amount given
OMNIQ Corp. announced that it intends to offer to sell shares of its common stock in an underwritten public offering. The company intends to use the net proceeds from the offering primarily for working capital and general corporate purposes. ThinkEquity is acting as sole book-running manager for the offering.
what does this mean in English
"On July 10th2023, the Company announced that it had entered into a definitive agreement to acquire Tadiran Telecom for $15.25M with a 60 day closing period. As a result of certain conditions not being met, the Company along with Afcon Holdings LTD have mutually terminated the agreement."
Hmmm you mean you can't get a loan because your accumulated deficit is 10 times your market value?
Utah Federal Court decision is now public record.
OMNIQ have no protectable Intellectual Property, treat employees, vendors and customers like trash, have lost a 4 year litigation while spending millions on lawyers!
Impressive!
Court 120 page decision and order points out the convoluted corporate structure and the abusive litigation practices as well as the family relations of executives:
Getting closer to my sub $1 target
Great job, Shai n Haim
You
Bet
On
The
Wrong
🐎 horse
Going below $1
Delisted soon
Congrats Shai and Haim on dealing with losers and dissing the ONLY ONE THAT HAD A HISTORY OF HELPING
More meaningless news this AM. The El Salvador airport has parking lots that are served by two lanes of traffic. so at maximum they got 4 sets of cameras. NOT news worthy. in addition, TAS has been an HTS partner in Central America since 2017.
More Hail Mary PR
Its a good thing you HIreD a LOSER and LIED to a WINNER
How did that work out for you
Going lower
TO BK!
The news, on the surface, always seems to be good
Yet, there is never ever any pop at all
Not even when they announced the alleged $50 million contract
Means there is something beneath the surface that is very
BAD
A 5 yr low and approaching a 10 yr low
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=omqs&insttype=&freq=2&show=True&time=13
It's Down 35% But OMNIQ Corp. (NASDAQ:OMQS) Could Be Riskier Than It Looks
Unfortunately for some shareholders, the OMNIQ Corp. ( NASDAQ:OMQS ) share price has dived 35% in the last thirty days...
Read in Simply Wall St: https://stocks.apple.com/AdjyGAYgZSIWRFfJgBM_rGA
Shared from Apple Stocks
the only way to cure this is
to have the stock run up, but with losses and negative growth, that cant happen
or
issue tons of shares to get mkt cap up and that will kill stock price
soon to trade BB
good work hiring losers and not doing right by the ONE guy that helped
Lake Street, the last broker that has coverage lowered targets to $7,
BK incoming
When they bought HTS they stated in a press release:
https://www.globenewswire.com/news-release/2018/10/11/1620033/0/en/Quest-Solution-Announces-the-Acquisition-of-HTS-Image-Processing-Inc-a-Leader-in-Artificial-Intelligence-Based-Automated-Vision-Solutions.html
"For fiscal year 2018, HTS is expected to generate approximately $10 million in revenue with operational profitability and average gross margin of approximately 38% -- significantly higher than Quest’s average gross margin of 21%"
The court noted: "[HTS] Revenue for fiscal year 2017 increased to $4,094,000 - the highest record for the company." It declined after they acquired it because they did not pay their vendors.
They destroy everything they touch!
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