Catching Astroturfers
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
100% FALSE....5..BILLION..in..NEW..DILUTION...expected..this..year...FILINGS..PROVE..IT
The more Accidents people have...the..more..insurance..companies can Charge..THINK.About.it
NOBODY CARES ABOUT 5 YEAR OLD NEWS.
AMAZING after the LIES...THAT..ANYBODY...would..believe..ONCI..CEO..CROOKED..STEVE
.0001 is MOST LIKELY....as is...REVERSE...SPLIT.
ALREADY PROVEN FAKE
THE REVENUE has already BEEN PROVEN FAKE....JUST..READ..the..Bottom..of..the..page..INTRO.
3.2 BILLION...in..NEW DILUTION...coming soon to ONCI....CHECK..the..FILINGS...$1.MILLION..filed.for
I will make sure that EVERYONE knows..about..the..CROOKED CEO. I just added the following to the INTRO for all newbies to see.
WARNING. ONCI is very likely a SCAM that is ripping off
investors. They APPEAR to be booking FICTICIOUS revenue. The bottom line with ONCI is that every quarter for the past 10 quarters the Accounts Receivable increases by very close to the Gross margin. (revenue - cost of sales)
This past 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 9 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 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: 10 Things Investors Should Look Out For
1. 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 in six of the past nine quarters than their Gross margin.
Bottom line is that ONCI is NOT BEING PAID for the past 10 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.
ONCI is a PROVEN SCAM...booking....FICTICIOUS REVENUE
EXCEPT that ONCI is going to .0001 soon...then..REVERSE.SPLIT..GUARANTEED
We were the smart ones who called scam at .50 pre split. Sadly very few listened. Some continue to promote TRTC to this very day. AMAZING!!!
100% FACT and already proven years ago. I also made a Warning in the infobox about TRTC being an insider enrichment scheme. You folks should have listened back then. Nothing has changed here I see.
YOU SAID THAT AT .0007...LMAO....0001 VERY SOON..then..REVERSE..SPLIT....enjoy!!!!!
How about .0001...and then..a..BIG..FAT..STINKING..REVERSE SPLIT......GUARANTEED....SOON!!!!...CEO..WILL..BLAME..OTHERS...LMAO
Accounts Receivable NOT BEING COLLECTED.RED..FLAGS.SCAM!!!
The bottom line with ONCI is that every quarter for the past 10 quarters the Accounts Receivable increases by very close to the Gross margin. (revenue - cost of sales)
This past 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 9 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 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: 10 Things Investors Should Look Out For
1. 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 in six of the past nine quarters than their Gross margin.
Bottom line is that ONCI is NOT BEING PAID for the past 10 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.
BETTER SELL AT .0004...otherwise .0003 will.be..your.only..option..0001 coming..soon...then...RS
WRONG...not even..PARENTS want a $175 APP....most...TRUST...their...Kids
No Pains here....ONLY GAINS...$52K on TRTC..alone
Sorry for your losses!!!
I WAS crucified a couple years ago..for..predicting..7..cents per share....LMAO....I never even dreamed it would go this low then.
WHAT A SAD STORY DP has let TRTC become. NEXT is the SHUTDOWN of the company. SAD
NOBODY CAN....and..NOBODY..wants the APP..ANYWAY...A..JOKE..AT...$175..for..an..app..NOBODY..wants.
TRTC was one of my BEST investments...thanks..to..you..and..others..who..REVEALED..the.SCAM
Hope they finally shut the TRTC SCAM down....before..the..next..REVERSE..SPLIT
ONCI headed to .0001 and then REVERSE SPLIT...ENJOY..THE..SLIDE
Sorry, but NOBODY could be so foolish...EVERYBODY..KNOWS....ONCI.is.a.SCAM..BY..NOW
FRAUDULENT EARNINGS & FICTICIOUS REVENUE.....almost EVERYBODY SEES....IT
REVERSE SPLIT ODDS GOING UP EVERY DAY!!!
The BLIND do not see.that..the REVENUE...is...FAKE..EVERYONE..ELSE..SEES..IT
It is the Lotto Mentality. They...consider their..investment..like.a.lotto ticket.
PROBLEM is that a CROOK is running the ONCI Lotto. He chooses the numbers and his are the only ones called.
Some will keep playing for years and never figure it out until bankruptcy. Then they will cry about how unlucky they are. LMAO
EXACTLY....100%..correct
YOU don't even OWN.the..Bsafemobile.APP.this..DEMONSTRATES..NO..CONFIDENCE!!!
CROOKED STEVE.....ROBBING SHAREHOLDERS BLIND
WRONG....CROOKED STEVE SOLD $1 MILLION IN SHARES
ONCI...is..the...BIGGEST SCAM on the OTC.
The 1.4 Billion shares retired...were..never..in the public float, which is why there was no effect on the share-price. It was a non-issue.
STEVE is making millions while the shareprice sinks ever lower.
Have fun at .0001
The CONSUMER.......HATES...the....APP...as you..posted...yesterday.....#1..problem..for..ONCI
THEN ONCI Charges $175 for an APP that the CONSUMER...HATES.
That is why there are virtually no sales.
STEVE has FUDGED THE BOOKS....and/or is SERIOUSLY misleading investors. Maybe he has product out on a consignment basis and it is not selling. That though should have been disclosed by now.
CEO has been reported to the SEC for..his..CRIMES
Is waiting 27 Months...for..a..single A/R payment too long???
I mean use a bit of common sense. If you have not been paid in more than two years, then you are not likely to be paid.
It even points to the likelihood that there were ZERO real sales.
do you own the app? if so post a pic of the hardware installed.
serious sign of mistrust to force such an app on family
SO GET THE LIFESAVER APP FOR $5