OMNIQ Corp (OMQS)

[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 🦢 #Bitcoin is for everyone (@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]

[Amisag]

[windough-shopper]

so many are upset at me for posting what I post

WHY ME?

am I saying anything that isnt in fact true?

what have I said that isnt true?

why not be upset at the company for WASTING our money? for no growth? for no profit in sight?

TURN YOUR ANGER AGAINST THEM

[windough-shopper]

Three conference calls ago they said they had a 60 city backlog for SAFE Cities...
That is more then 90 days ago

Since then they gave announced 3 Cities, whose TOTAL population is less then go to my local 7-11 on a daily basis

What happened?

They INSULUT us when they say it's the election

Something smells

Either they are inept

Or

No cash to buy stuff n implement the tech

Or

The Cities decided they don't want

Or

They lied

[windough-shopper]

Someone desperately marking it up

Shame on them

Can we guess who?

[windough-shopper]

OMQS is a zombie company

Destined to plod along

Until it goes

POOF

[windough-shopper]

In one year

Debt went up $18 million

Cash down two thirds

Great management

Junk

Sell

[windough-shopper]

dead man walking

[windough-shopper]

well

as I

predicted

looks

like

the

collapse

is

here

BUT HEY!

thats great for INSIDERS

they still have HUGE CONSULTING deals and will get MORE FREE STOCK

[windough-shopper]

when they bought DANGOT they told us it would lead to

higher profit margins

and

profitable

NEVER HAPPENED!

either they LIED or they are MISMANAGED the new deal

either way

NOT GOOD

[windough-shopper]

here are some issues I have with OMQS

expenses are out of control......to pay $35k per month to a consultant PLUS commis as far as I am concerned is CRIMINAL.....to ay a CFO $5k for every up to date earnings release is criminal, thats his JOB!!!!!!!!!!

every quarter there is an excuse for huge losses....one quarter its lawyers fees for deals, next quarter it supply chain, now its shipping costs....its BS, they sell their gizmos for a loss and hope to make it back with 5 parking tickets

they have zero growth

they have debt they CANT EVER pay back

they have little cash

every quarter they tell us the revenue would have been $2 million MORE but for...(fill in the blank), its BS

every CC they talk big...........3 CC's ago they said they has 60 city backlog, since then they had 2 cities, with a total population of less then 2000....they blamed elections.....they always have an excuse for the failure they produce Q after Q

yes, they SHOULD get rid of the BOD cause its composition STINKS

I talked to a person who KNOWS the company inside and out and in his words....."The business model will never produce a profit!"

I wouldnt be surprised if the stock trades where it deserves to trade.....$3


all all this is BURNING $$$$$ what do we, shareholders, get for our burned MONEY


On June 15, 2022 our Board of Directors approved issuing 20,000 shares as part of a consulting agreement. The shares were valued at $109 thousand.



On June 15, 2022 our Board of Directors granted 30,000 warrants as part of a consulting agreement. The shares were valued at $176 thousand.



On June 15, 2022 our Board of Directors granted 30,000 stock options as part of a consulting agreement. The shares were valued at $173 thousand.



On August 8, 2022 our Board of Directors approved issuing 80,000 shares as compensation for executives valued at $670 thousand. As of September 30, 2022 the shares have not been issued.



On August 8, 2022 our Board of Directors approved issuing 40,000 warrants as part of a consulting agreement valued at $209 thousand.

[Amisag]

Not sure why you are stuck on the stock to employees question, never said its a problem... It is the Materially Misleading PR's, the Shell companies, the conflict of interest of the main shareholders, the acquisition of companies for commission by Nissenson when his son is the CFO, the shady team of directors, the funneling of company funds to enrich themselves, and the list goes on!

[windough-shopper]

wow 2 cities sign up

total population?

less then 2000

YAWN

SELL

[windough-shopper]

maybe it will do what REKR did and go below $1

[windough-shopper]

So the selloff started today.....and a quick move back up

I think based on the continued horrid losses

Fair value is under $4

Maybe even $3

[windough-shopper]

I did read it I'm not sure I understand what the big deal is about stock given to executives when all companies do that

[Amisag]

Read the court documents I shared publicly in the comments, including the motion to pierce the corporate veil. its all there

[windough-shopper]

all execs in all companies get stock options as do employees

whats the issue here with OMQS

[Amisag]

My name is Sagy Amit.

I am the former Sales Manager of HTS in the U.S.

For the past 4+ year I have been fighting OMNIQ's management in court.

My investigation revealed a ponzi scheme now known as the "Flywheel".

Using this scheme the main 3 executives enrich themselves using investors money.

By gifting each-other and offering stock options to their employees and sharing fraudulent "Success Stories" they manipulate the stock price.

Earlier this month I filed a motion to Pierce the Corporate Veil with the court. I also filed 3 separate WhistleBlower Reports with the SEC.

The recent Celsius Network Saga and the "Yaron Shalem" connection convinced me to go public and hopefully save some of you the pain of losing money to this fraud.

I am sorry I have not done so earlier...

My full story is now public, and I update with court filing in the comments: https://ipvm.com/reports/hts-redlpr-trade-secrets

[Amisag]

My name is Sagy Amit.

I am the former Sales Manager of HTS in the U.S.

For the past 4+ year I have been fighting OMNIQ's management in court.

My investigation revealed a ponzi scheme now known as the "Flywheel".

Using this scheme the main 3 executives enrich themselves using investors money.

By gifting each-other and offering stock options to their employees and sharing fraudulent "Success Stories" they manipulate the stock price.

Earlier this month I filed a motion to Pierce the Corporate Veil with the court. I also filed 3 separate WhistleBlower Reports with the SEC.

The recent Celsius Network Saga and the "Yaron Shalem" connection convinced me to go public and hopefully save some of you the pain of losing money to this fraud.

I am sorry I have not done so earlier...

My full story is now public, and I update with court filing in the comments: https://ipvm.com/reports/hts-redlpr-trade-secrets

[Amisag]

My name is Sagy Amit.

I am the former Sales Manager of HTS in the U.S.

For the past 4+ year I have been fighting OMNIQ's management in court.

My investigation revealed a ponzi scheme now known as the "Flywheel".

Using this scheme the main 3 executives enrich themselves using investors money.

By gifting each-other and offering stock options to their employees and sharing fraudulent "Success Stories" they manipulate the stock price.

Earlier this month I filed a motion to Pierce the Corporate Veil with the court. I also filed 3 separate WhistleBlower Reports with the SEC.

The recent Celsius Network Saga and the "Yaron Shalem" connection convinced me to go public and hopefully save some of you the pain of losing money to this fraud.

I am sorry I have not done so earlier...

My full story is now public, and I update with court filing in the comments: https://ipvm.com/reports/hts-redlpr-trade-secrets

[windough-shopper]

Yipeee

Another great quarter by OMQS!!!!!!!!!!

NOT!!!!!!!!!!!!!!


Zero growth.....next to no profit margin.........huge loss........$50 million on debt (I assume they can NEVER pay that off).....minimal cash

All the promises we heard were wither LIES or biz is junk

Its utter trash

[windough-shopper]

Looks like the breakdown is here

It's dead, Jim

[windough-shopper]

they have next to no profit margins

they pay way too much for professional services....and get what?......every quarter and it eats into bottom line

they have no growth

they have huge debt they cant pay back

they have no EBITDA at all

they have tiny cash cushion

they are over staffed

sad

SELL

[windough-shopper]

the constant flow of what on the surface SEEMS like good news does not do anything for the stock

BAD SIGN

[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