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Created: 07/11/2006 12:20:40 PM - Followers: 985 - Board type: Free - Posts Today: 3

ONCI IS JUST A PUMP AND DUMP SCAM

 
Statements say it's a holding company, but there isn't anything here to say that ONCI owns anything or a has any product or revenue. 
Nobody knows what this company is and it seems like it's nothing but just a bunch of hot air to stock promote or pump the pps.  


 
Don't fall for the FOMO buy bullshit.

Do your DD on every ticker you buy into. Look at everything about it to avoid the scams in OTC land.

No product
No revenue
No audits
No contracts
No interest
No mj
No mobile dentistry
No scam gift card exchange
No golf gambling app
No merger with another fake scam ticker
No translations for BMW
No Amazon connection
No proof or evidence of sales
No social media
No website
No phone number
No physical address
No connection to CogoSense, bSafeMobile or Fleetsaver
All supposed tweeted contracts are "foreign" and "private". LMAO
No appearance on any major network. This is the funniest shit yet to try and get people to FOMO buy. LMFAO.

ZERO. ITS A SCAM. DON’T BUY SCAMS. PROMISES OF MAKING A LOT OF MONEY OVERNIGHT ARE OFTEN RED FLAGS OF SCAMS!

Now they are going to tell you that a crypto company is going to buy ONCI and they are going to mint coins. LMFAO


Read why you need to avoid these types of tickers.

https://www.investopedia.com/ask/answers/05/061205.asp


 
 


https://www.hexagonholdingscorp.com/  (SITE DOESN'T WORK RED FLAG)

1. APPLICATIONS NEVER HAPPENED AND DON'T EXIST

2. Application Development and Manufacturing  (ONCI DOESN'T HAVE ANY MANUFACTURING PLANTS)

3. Dental Care/Medical Care  
(THIS DOESN'T EXIST AND NEVER HAPPENED)

4. Digital Media  
(THEY NEVER DEVELOPED ANY DIGITAL MEDIA)

5. Medical Cannabis (THERE IS NO CANNABIS FRONT)

6. GIFTSHOPEXCHANGE.SHOP (DOESN'T EXIST)

Hexagon Holdings seeks to acquire and/or merge with businesses that present new opportunities and innovative business plans, especially with respect to new technologies.
(NO THEY DON'T.  THEY TRY TO MERGE WITH OTHER SCAM OTC TICKERS TO GARNER CREDIBILITY) 

Hexagon Holdings owns 100% of Family Mobile Safety Marketing, the distributor of a safe driving App and a 49% equity/ownership stake in Digital Media Management & Consulting, a joint venture which implements electronic sell-through and content advertising supported networks. 
(HEXAGON DOESN'T EXIST, SO THEY DON'T OWN ANYTHING) 


Phone: 323.487.0389  
Email: info@hexagonholdingscorp.com  

NEITHER CONTACT POINTS WORK DON'T BOTHER TRYING TO CALL OR EMAIL


ONCI IS NOT CURRENT ON OTCMARKETS.COM


O/S- 4,498,205,518 as of 9/14/18

Float- 2,839,751,027 as of 9/14/18
 

All companies have stated that ONCI supposedly has connections to or supposedly owns, that they have NO WORKING RELATIONSHIP with ONCI. This has been stated numerous times. 

 

 
                                                           

Steve Berman, CEO

Click here to view Steve’s LinkedIn Profile

BERMAN PROBABLY ISN'T EVEN A REAL PERSON OR HE'S A TERRIBLE SCAM ARTIST

AND NOW HIS LINKEDIN PROFILE IS DELETED!  LMFAO!! 
WHAT AN ABSOLUTE SCAM!


 

                                                       

                                                                                                                                                   
 
WARNING.
ONCI is very likely a SCAM that is ripping off investors.
They APPEAR to be cooking books with FICTICIOUS revenue. 


The bottom line with ONCI is that every quarter  the Accounts Receivable increases by very close to the Gross margin. (revenue - cost of sales)  

One quarter saw Accounts Receivables (A/R) rise by $869,215, After the $635,921 cost of sales is deducted from Revenue you are left with $851,444.  


So they are claiming $851,444 for Revenue for the quarter after costs, BUT are owed $869,215 more than the total at the end of the previous quarter.  

This means that A/R from the previous quarters has not been paid and that it rose more than the Gross margin in this Quarter. (AGAIN)  
 

This is a VERY STRONG INDICATION OF FRAUD.

Copied below from https://blog.apruve.com/6-types-of-accounts-receivable-fraud 

Fictitious Sales 

Accounts Receivable is not actual money in the bank. An employee can fabricate invoices, which will inflate accounts receivable. But who might this benefit since an invoice isn't the same as receiving cash?  

Sales people who work on a commission will benefit from an increase in accounts receivables, as it will show an increase in sales. To make this work, someone in control of accounts receivables will have to be in on the fraud.  

Red flags for this type of fraud are invoices to fake customers or invoices that do not match the type of business a customer might generate. At some point, these invoices might simply disappear as part of the fraud and go undetected. Internal controls that monitor this type of activity can help with detecting fictitious sales.  

NOTE: CEO Steve Berman receives a 12.5% commission on all stock sales.  

-------------------------  

More info from https://www.get.com/stock/2010/03/11/accounting-red-flags-10-things-investors-should-look-out-for/ 


Accounting Red Flags: Things Investors Should Look Out For 

Unusual accounts receivables growth. If accounts receivables grow at a faster pace than the company's sales, it can indicate that the company is making bad sales to companies unable or unwilling to pay, which could result in bad debt down the road.
It may also indicate that the company is booking revenues before the proper time, which is one of the most common practices within the universe of manipulation. Future sales are simply recognized early, inflating earnings. The tell-tale sign, of course, is accounts receivable growth in excess of reported revenue levels. Studying the dollar amounts is not adequate to spot this. Instead, compare the rate of growth in year-to-year revenues and receivables.  


ONCI has higher A/R than their Gross margin. 

Bottom line is that ONCI is NOT BEING PAID for the past Quarters on any measurable A/R at all, or it is made up revenue supported by phony sales contracts.
A third option would be that they have shipped units to dealers on consignment but they have not sold more than a few units. This would need to be disclosed to investors.
As they have made it look like they are selling 9K to 10K per quarter and that is not possible due to these numbers.  


My hope is that this fraud is uncovered by the SEC and that the CEO is prosecuted for these alleged crimes. I hope no more investors lose money due to the fraud committed here. I was fortunate to find out about this fraud in time to avoid losing a lot of money.
 
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Post Subject
#253851
Don't fall for the FOMO buy bullshit. BearRickPunch 11/03/2021 05:48:47 PM
#248975
The wide range of companies owned under On4 tundra1 12/31/2020 04:28:20 PM
#128582
Please read this BOARD WARNING before you submit IH Admin [Tisha] 11/09/2017 03:43:02 PM
#254745
Go. Onci. I have. 20 milly. Waiting. I TOM611 09/29/2022 07:52:29 AM
#254744
Untrue actually, and not sure why you'd say price_and_volume 09/29/2022 03:39:44 AM
#254743
I thought air hockey had a better ring Acme Investments 09/29/2022 12:31:56 AM
#254740
LMAO.. I am very familiar with this Sham... Very.. Carjockey2 09/28/2022 10:15:13 PM
#254739
Why are you here pretending that you even Acme Investments 09/28/2022 10:03:37 PM
#254738
Wholly crap.. This pos too!!!! I can't even make this Carjockey2 09/28/2022 09:30:51 PM
#254737
I don't make predictions!! I look at a Acme Investments 09/28/2022 07:28:28 PM
#254736
They've all been saying that it's going to BearRickPunch 09/28/2022 07:19:49 PM
#254735
This .0003 will become folklore in a few Acme Investments 09/28/2022 01:18:08 PM
#254734
Well at least you can tell everyone you BearRickPunch 09/28/2022 12:37:36 PM
#254733
Added a few today!! Acme Investments 09/27/2022 03:38:03 PM
#254732
When this is still trading at .0002 and BearRickPunch 09/27/2022 02:15:35 PM
#254731
Nott with this pennyscam turd. STEVE BERMAN is shajandr 09/26/2022 08:49:53 PM
#254730
I've always known when someone says good luck Acme Investments 09/26/2022 07:08:48 PM
#254729
LMAO. Ok. Good luck making money BearRickPunch 09/26/2022 05:36:53 PM
#254728
Loaded up more here!! Easy Money!! Acme Investments 09/26/2022 03:08:30 PM
#254727
So that means you've lost money here? BearRickPunch 09/26/2022 01:34:09 PM
#254726
I am in for the long hall, the tundra11 09/25/2022 09:47:55 PM
#254725
Anyone paid 0.0001 0.0002 and still holding recently TRUSTUNITS1000000 09/24/2022 01:47:56 PM
#254723
Stating that the fillings are in and they hypernova 09/22/2022 01:50:52 PM
#254722
That's what all the pumpers say, Hippie. Next BearRickPunch 09/22/2022 01:39:26 PM
#254721
Filings are consistent here, it's not going dark hypernova 09/22/2022 01:38:11 PM
#254720
Yes. Everyone knows it's a scam. BearRickPunch 09/22/2022 01:32:34 PM
#254719
Nah? So, it's never going to go up hypernova 09/22/2022 01:23:36 PM
#254718
Nah. Scams are just scams and if BearRickPunch 09/22/2022 01:11:44 PM
#254717
Even the "scams" pay well sometimes, Ricky! hypernova 09/22/2022 01:08:40 PM
#254716
LOL. We aren't crying. We are BearRickPunch 09/22/2022 01:05:02 PM
#254715
Thinking everything in the OTC only goes up hypernova 09/22/2022 05:39:41 AM
#254714
It's a difference between bullish and buffoonery!! Acme Investments 09/22/2022 01:15:58 AM
#254713
Right on man. If they cry now, they hypernova 09/21/2022 11:03:37 PM
#254712
Rock on hypernova. Na sayers will be left tundra11 09/21/2022 09:29:39 PM
#254706
Really?? Because I can name several that went hypernova 09/21/2022 12:53:27 AM
#254705
It's going to pop for a few ticks Acme Investments 09/21/2022 12:17:35 AM
#254704
Similar run coming here again soon. IMO hypernova 09/20/2022 09:43:21 PM
#254703
How much more accumulation needs to happen to BearRickPunch 09/19/2022 06:09:43 PM
#254702
A while? Like 5 years ago maybe. BearRickPunch 09/19/2022 06:08:57 PM
#254701
Ran to pennies from 0.0001 a while back TRUSTUNITS1000000 09/19/2022 10:02:21 AM
#254700
Go. Onci. More and more accumulation happening… TOM611 09/18/2022 09:07:44 AM
#254699
Simmering on a low fire!! Acme Investments 09/16/2022 07:59:56 PM
#254697
Already had its day. It's a burnt scam. BearRickPunch 09/15/2022 02:18:20 PM
#254696
Revenues from what? Stock sells? BearRickPunch 09/15/2022 02:17:21 PM
#254695
$ONCI will have it's day, and probably soon. hypernova 09/14/2022 09:35:36 PM
#254694
Go. Onci. All. Buys today. As soon TOM611 09/14/2022 06:37:00 PM
#254693
What does it mean to be pink current BearRickPunch 09/14/2022 05:39:58 PM
#254692
Awww say it ain't so. C'mon baby. Once more... price_and_volume 09/14/2022 04:18:12 PM
#254691
Pink Current again and again. Not going dark hypernova 09/14/2022 01:21:28 PM
#254690
Why would any company want to reverse merger BearRickPunch 09/14/2022 01:16:53 PM
#254689
They would have a shell at least, right? hypernova 09/14/2022 01:13:16 PM
#254688
LMAO. No. You can't merger anything BearRickPunch 09/14/2022 12:28:11 PM
#254687
Da Bermanator~!!! downandoutthanksd 09/13/2022 10:52:42 PM
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