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That's a cute anecdote but I don't see the parallel. Steve has no business sense. None of this business makes any sense. From the model to the rants this makes no sense except in one context. Can you guess what that context is?
Those who ignore the past are doomed to repeat it.
I have no reason to believe that. None of the verifiable data available supports that. In fact, everything I find points in the other direction.
I've been in this for a year and it's been one failure after another. Snags, debt he didn't know about, he can't get in touch with the former CEO, blah blah blah. Meeting after supposed meeting with NO RESULTS.
What if it doesn't? Suppose two weeks goes by and nothing happens?
A blog!! Too funny. Here is a quote from this BLOG. "I look for 3 qualities in a CEO, integrity, intelligence and energy, if they don't have the first do not even bother with the other 2. The CEO's of these companies are the cream of the crop!"
The familiar poor grammar and sentence structure aside, integrity is not Steve Berman's strong suit. If he has one. Intelligence? Not that I can see. I find him illiterate, immature and hostile.
Any CEO from a legitimate company would lose their gig over the stuff Steve has published. Cream of the crop? Please.
Steve's latest twitter rant are not the words of a thoughtful man. They are not the words of a successful man. They are not the words of an educated man. And most of all, they are not the words of a man who holds all the cards. That should concern anyone with even a cursory understanding of human nature.
Why would anyone with millions in revenue give a crusty crap what some yayhoo on iHub says? The answer is, they wouldn't.
Posting investors personal information and urging people to call them 24/7 is reprehensible. And desperate. I've seen him insult investor's country of origin, their economic status, their home, their integrity. He's completely unconcerned that one of the entities he's made all these deals with might read his twitter posts. I find that really curious. Unless of course, there are no deals. That would explain it rather neatly.
I assure you I'm not being paid and I own the stock. I've never posted 100 posts anywhere. Ever. I'm a busy man. I think the most I've posted is 8. Mostly responding to what I believe to be inaccurate and misleading information. I'm not part of a conspiracy and I don't know anyone here personally. I'm an investor who believes there is something rotten in Denmark. It's a simple as that.
There is no cannabis. Sifthouse is not registered, licensed or producing. I'm Canadian and have a lot of friends in Vancouver. They've never heard of Sifthouse.
In short, ONCI aint selling bud, bud. It's not like you grow some weed and fill out some forms. It's difficult to do. Even if you're Canadian.
It looks to me like Steve made up a company name, registered a domain and stuffed 100k in his pocket and told you it was raining weed.
Nobody is naked or otherwise shorting a sub penny stock. There is tremendous risk with little upside. There isn't much further to go down, therefore little profit to be had. However if the stock does go up, the risk is limitless. Who would risk a 10k loss for a 1k gain? And, it's illegal.
Not even close. I find Steve Berman to be uneducated, boorish, and most of all untrustworthy. In my 40 years of investing, he is absolutely the worst CEO I've ever come across. I don't believe for a second he was an executive at Time Warner. He doesn't have the chops. It's obvious. He's frustrated hes been found out and he's lashing out like a child.
Nonsense. That is pure bull-pucky. It's not profitable. The company does not pay it's taxes.
The integrated chip is stupid. There's no way I'm letting you install something in my car that I can't remove. Particularly when there are much better alternatives out there.
It's not the best by any measure I can see. Nobody in the industry is even aware of the product. Certainly online reviewers are unaware it exists.
35 worthless patents. Big whoop.
There are no Cogosense developers that I can see. No significant sales of the product, no downloads, reviews.
Why are there zero confirmed Apple users? That seems weird. Biggest app seller on the planet.
In the year that I've held this position, he has not done one single thing he said he would do. And he's a jerk to boot.
How else would he come to the conclusion this is a "sewer"?
There is only one way I can see that happening. And that's if Steve goes full fraud and pumps another audit. Pinkies are like balloons. Once the leak has sprung it gets more difficult to pump it back up. We have multiple leaks. And there is not nearly the firepower on the board as there was back then. There would be hundreds of posts a day. 200 before 9 am sometimes. All pumping with little resistance. That is a long way to go from the current situation.
If that's the price you put on integrity. So be it.
I hope not. I'd like to get out with part of my shirt, but a halt is certainly a possibility if not a probability. I don't see a RS.
What are you talking about? He has already made millions right? Millions upon millions! His sales staff is killing it! Jenkins in Chicago, Einstein in WGAF. I was under the impression from all the fertilizer you've been spreading at a penny a post that it's a done deal. We're all getting lake houses on the moon right?
I'd bet every penny I've invested in this POS that it will not be trading in 14 months. The best you can hope for in that time frame is .0022-.0025 and that won't last long because you'll see a massive dump. Yours truly included.
This is literally the antithesis of a buy and hold stock. After all, they don't call it pump and hold.
The volume has gone steadily down. That is an indisputable fact.
Jenkins killed Einstein in the library with a candlestick.
No. It isn't. And you know that. In fact, all indicators suggests a downturn into trips. Marry has passed the mantle. Congrats. You're the new shill. The internet voice of ONCI. The longs are now looking to you for the corporate line. Good luck.
You have a Carmax near you. Go there. I have. They've never heard of it.
I don't see any evidence of any of those items being true. In fact, all evidence points to the contrary. You keep saying the stock is ten times better and that's simply not true in any context.
a. A drastic drop in volume over the last three months. That's not better.
b. Despite desperate attempts to paint the price upwards with 10 dollar buys the price remains in the teens. That is also not better.
c. None of the "deals" he's supposedly completed can be verified in any significant way. That's not better, it's the same as it's always been.
c. A bombardment of negative sentiment not only here but on ONCI twitter feed. As more people wake up, it gets worse. That is certainly NOT BETTER.
d. The CEO continues to engage shareholders in petty confrontations. So that hasn't gotten any better.
e. ONCI is not selling marijuana. In any way. Anywhere. There are no lines around the building. Anywhere in Vancouver. That is a lie.
f. There is NO HEXAGON. It doesn't exist.
I could easily exhaust the alphabet proving that ONCI is SUBSTANTIALLY WORSE than it has ever been.
I have friends in Vancouver. Where is the specific line they need to get into to purchase Sifthouse craft cannabis?
Who buys 17 or 18 bucks worth of a sub penny stock? How does that make sense? It's pretty common with this ticker. Odd.
Yes, Steve. Show us the money. In an audit.
SNAGS. Same Nonsense Again. Gotcha Shareholders!
Waiting for what?
Who are you talking about?
That was a long time ago. What has ONCI done for me lately?
The CEO's statements at every level have been inaccurate, indefensible, and defamatory.
They do not. Please drive thru.
First off, they do not review the fins. They simply verify the company has filed the required paperwork. In fact, there is indemnifying language provided. They don't look at invoices, they don't look at bank deposits. Whatever Steve puts on his filings, they verify as filed. Filed only. They verify ONCI is current with filings. That's all. I'm not sure, but I think you only need to do this if you're late.
For the longs to continually posit this as proof the revenue is real is preposterous.
Are you trying to suggest the lawyers looked at the invoices? If so, you are wildly misinformed or lying.
6m in revs but nobody has an opinion on the product.
You might as well say gajillion. It's just as realistic.
5 reviews. No sales. Keep them coming.
That doesn't make any sense. You should absolutely count the downloads and reviews. It's a crucial part of due diligence for this industry.
Steve Berman is far from brilliant by any measure that I've seen. He comes off boorish and crude. Uneducated. He certainly doesn't act like a CEO.
No user reviews there either.
You should learn. After all, you own a tech company. And, those people you "came across" are simply, wrong. Even if we assume the numbers are inaccurate, which we have NO REASON to do, We still don't have any justification for the kind of revenue Steve has reported.
Think about it.
"ONCI: Lets not dance with words there are a slew of sites to download the apps" Can you elaborate? Specifically, where, besides Google Play and the App Store can you get the bSafe or Fleetsafer app?
Forget the LAM, the Delaware debt, the float, the float reduction, the Colorado move, how much ONCI does or does not own of Cogosense. The CEO's personal battles with shareholders or whether or not he worked at Time Warner in the capacity that he claims.(I'd guess, nope) None of that matters. Just look at the numbers you can actually verify.
You can see how many downloads and reviews are available on the two purveyors of mobile applications. The easiest and most convenient ways to get this technology. To think there is another option is absurd. You can see the downloads and reviews for bSafeMobile and Fleetsafer on both platforms. I think everyone can agree it's nowhere near the kind of sales needed to meet Steve's numbers. Certainly not a success. I'd love to see your math that disputes this.
You might argue those numbers are inaccurate. Are they? What is your reasoning? From the information I have gathered, it's extremely hard to fake these numbers. It looks like this product is not selling.
What is your argument?
Again, I ask the longs, where are these revenues coming from?
I agree. Except that pertains to my personal life. ONCI, not so much. I think it's on it's last legs. You can't claim an amazing A/R forever. Eventually the numbers catch up. 2019 will bury ONCI.