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 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 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)
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.
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.