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Created: 07/11/2006 12:20:40 PM - Followers: 982 - Board type: Free - Posts Today: 1

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
#254569
Is anything happening here! Been a few TheSerb 08/12/2022 02:01:43 PM
#254568
nice recent upgrade here, on watch for news. Rainer 08/11/2022 09:07:17 AM
#254567
No. No Way! 2016LVK 08/10/2022 09:58:24 PM
#254566
Pinky!! Going up!! 100 percent soon!! Acme Investments 08/10/2022 05:28:32 PM
#254565
Why will it go up? You can't BearRickPunch 08/10/2022 12:36:27 PM
#254564
Good job! I got in at 5 a bri123 08/10/2022 11:11:30 AM
#254562
In @ 3! Penny2Dime 08/10/2022 10:53:42 AM
#254561
Chewing on 3's now, and the bid size bri123 08/10/2022 10:19:54 AM
#254560
And nada we should of been current and PM617 08/10/2022 09:51:39 AM
#254559
Pink current finally. bri123 08/10/2022 08:16:14 AM
#254558
Pump meaning going up?? Of course it is!! Acme Investments 08/08/2022 04:32:08 PM
#254557
This coal is to put into every shareholder's BearRickPunch 08/08/2022 12:38:19 PM
#254556
The train is full of coal and is Acme Investments 08/04/2022 07:27:49 PM
#254555
LMFAO. Getting back on track? This BearRickPunch 08/04/2022 06:46:55 PM
#254554
It's getting back on track!! Sorry, nothing more Acme Investments 08/03/2022 08:38:52 PM
#254553
What is an attorney letter going to do BearRickPunch 08/03/2022 12:21:15 PM
#254552
The amendment just filed for the semi-annual report tigerpac 08/02/2022 08:10:24 PM
#254551
Need to see an SEC 1-Z now so bri123 08/02/2022 03:11:40 PM
#254550
Thanks for the info!! We are the red Acme Investments 08/02/2022 01:22:20 PM
#254549
>Billy accumulated since end_of_May ;-) downandoutthanksd 08/02/2022 01:15:20 PM
#254548
Tweet just out Attorney letter has been posted on Badali 08/02/2022 12:54:50 PM
#254547
This still trades lol TRUSTUNITS1000000 07/29/2022 04:21:21 AM
#254546
OTC is starting to bubble!! Fasten your seatbelts!! Acme Investments 07/23/2022 10:38:47 PM
#254545
massive accumulation ;-) downandoutthanksd 07/22/2022 02:33:50 PM
#254544
Thank you very much!! In my Elvis voice!! Acme Investments 07/15/2022 06:38:25 PM
#254543
lol. This scam will never leave trips BearRickPunch 07/15/2022 12:38:36 PM
#254542
"This will leave the trips along with others!! FuelEvolution 07/15/2022 09:06:55 AM
#254541
41 for you , hit me back please. copytele 07/14/2022 06:39:37 PM
#254540
This will leave the trips along with others!! Acme Investments 07/13/2022 10:26:36 PM
#254539
I'm not going to subject people to misinformation BearRickPunch 07/13/2022 12:56:32 PM
#254538
It doesn't even have to leave the trips hypernova 07/12/2022 07:24:25 PM
#254537
You're not going to get it with ONCI. BearRickPunch 07/12/2022 04:36:27 PM
#254536
Time Warner. LOL. There's high doubts Berman BearRickPunch 07/12/2022 04:35:46 PM
#254535
Yes I see it too , and the hypernova 07/12/2022 03:27:26 PM
#254534
Front loading on all trips is happening right Acme Investments 07/12/2022 03:03:27 PM
#254533
Unfortunately retail unlikely to get .0001 bids filled... price_and_volume 07/12/2022 02:42:07 PM
#254532
So, buy low sell high, hmmm, that's sounds hypernova 07/12/2022 01:34:23 PM
#254531
Yes, money for those who buy at .0001 BearRickPunch 07/12/2022 01:29:35 PM
#254530
Like it or not, there is money to hypernova 07/12/2022 12:41:20 PM
#254529
This will never run again. It's a BearRickPunch 07/12/2022 12:36:47 PM
#254528
Mature? LMAO! It's been scamming people for BearRickPunch 07/12/2022 12:34:23 PM
#254527
There is a plan, whatever it may be, tundra11 07/12/2022 12:04:06 PM
#254526
Nothing happens by accident!! That's why those shares Acme Investments 07/12/2022 12:23:59 AM
#254525
And as long as the money keeps coming bri123 07/11/2022 08:21:00 PM
#254524
I suspect that nobody at retail has been tigerpac 07/11/2022 07:21:29 PM
#254523
All trips got buying pressure today!! It takes Acme Investments 07/11/2022 07:14:43 PM
#254522
Interesting volume here today. Looks like this Rainer 07/11/2022 06:42:28 PM
#254521
You got to wait for these babies to hypernova 07/11/2022 05:27:48 PM
#254520
Delicious 3's Keep nibbling on em' bri123 07/11/2022 03:53:40 PM
#254519
Those 3's getting worked on now hypernova 07/11/2022 03:25:22 PM
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