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Created: 07/11/2006 12:20:40 PM - Followers: 985 - Board type: Free - Posts Today: 0

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
#254632
Peeps are just trying to buy it low BearRickPunch 08/18/2022 01:44:32 PM
#254631
How the hell is this still trading, no Catmandoo 08/18/2022 09:41:06 AM
#254630
lol. Looking good? This is a BearRickPunch 08/17/2022 03:17:57 PM
#254629
Looking good here, let the 0nezees get out now. tundra11 08/17/2022 11:14:22 AM
#254628
Well said. Not Quite Broke 08/17/2022 05:54:57 AM
#254626
Please for anyone just looking into this ticker, BearRickPunch 08/16/2022 08:08:11 PM
#254625
Yes, and I have made lots of money bri123 08/16/2022 01:25:42 PM
#254624
This is a known scam Sirpeter 08/16/2022 01:20:48 PM
#254623
Yesterday they rush to buy 1.1 billion at DD14 08/16/2022 12:22:50 PM
#254621
Never going to happen JackTorrance21 08/16/2022 10:25:29 AM
#254620
Let's get through these 4's! I want to bri123 08/16/2022 10:07:18 AM
#254619
Follow the $$$$$$ BEIJING BILL 08/16/2022 09:03:45 AM
#254618
GM... Yes, it was a great day... $ $$ Golden Cross $$ 08/16/2022 08:42:52 AM
#254617
GM Golden Cross .. this looks promising FuelEvolution 08/16/2022 08:27:26 AM
#254616
$449,224 Traded today $$ Golden Cross $$ 08/16/2022 02:29:06 AM
#254615
Huge Volume $$ Golden Cross $$ 08/16/2022 02:28:02 AM
#254614
Remember 2017 conference-call promised Lake Houses for all! price_and_volume 08/15/2022 08:57:09 PM
#254612
New house time! I'm not expecting it to bri123 08/15/2022 04:28:43 PM
#254611
They will run up and beyond .02. IMO tundra11 08/15/2022 04:23:13 PM
#254610
There is definitely something going on, and we bri123 08/15/2022 04:14:27 PM
#254609
Watch, the news released tonight, all those that tundra11 08/15/2022 04:11:44 PM
#254608
Exciting day here! Great volume! bri123 08/15/2022 03:31:31 PM
#254607
Cost of living in the OTC is going Acme Investments 08/15/2022 02:46:22 PM
#254606
Looking for the next legs up. GLTA tundra11 08/15/2022 02:32:49 PM
#254605
Go Onci. $400,000 in purchases so far today TOM611 08/15/2022 01:22:34 PM
#254604
Go. Onci. 900 million shares bought… Great TOM611 08/15/2022 01:18:49 PM
#254603
MM's trading back and forth to each other tigerpac 08/15/2022 01:08:15 PM
#254602
buyers putting up smaller bids at 4 testing Pharm07 08/15/2022 12:56:48 PM
#254601
plenty of time in the day left to FuelEvolution 08/15/2022 12:37:00 PM
#254600
L2 back to start...now have to wait for 2times2 08/15/2022 12:34:45 PM
#254599
Why this Scam hasnt been shut down is Catmandoo 08/15/2022 12:19:07 PM
#254598
follows textbook right now...of course the other thing 2times2 08/15/2022 11:53:23 AM
#254597
What happened can anybody tell me beeber 08/15/2022 11:47:24 AM
#254596
Day 1;) Penny2Dime 08/15/2022 11:47:02 AM
#254595
looking good Sir FuelEvolution 08/15/2022 11:46:45 AM
#254594
well, whales (still retail) easily throw 40 grant 2times2 08/15/2022 11:37:44 AM
#254593
Those big block buys (I think) are institutional bri123 08/15/2022 11:31:08 AM
#254592
the thing to watch out here for today 2times2 08/15/2022 11:24:56 AM
#254591
agreed 110% , folow the money is koming, BEIJING BILL 08/15/2022 11:22:32 AM
#254590
not by company but otherwise twitter is lighting up:: 2times2 08/15/2022 11:06:06 AM
#254589
yep ! looking good here . fancy a FuelEvolution 08/15/2022 11:01:25 AM
#254588
yes, of course...sorry...corrected to 0006 open at first 2times2 08/15/2022 10:58:55 AM
#254587
006 ??? do u mean FuelEvolution 08/15/2022 10:58:16 AM
#254586
How high ONCI can hit .05 Badali 08/15/2022 10:56:30 AM
#254585
agreed...awesome...opening at 0006 tomorrow will do wonders - 2times2 08/15/2022 10:55:55 AM
#254584
SB has his African miner deal and Netherlands tigerpac 08/15/2022 10:41:40 AM
#254583
Smackin' 5's now. Looks sweet. bri123 08/15/2022 10:35:49 AM
#254582
looks very very good . we should be FuelEvolution 08/15/2022 10:32:22 AM
#254581
We're burning through 4s here! That's awesome! bri123 08/15/2022 10:27:48 AM
#254580
0004s hits FuelEvolution 08/15/2022 10:27:05 AM
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