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Where else can you download the app?
Everything you have said is incorrect. Nobody purchases the app. It's free. You download it from the two sources depending on your device. It takes seconds, and it logs downloads. You can leave a review. Try it. It's the way to go. Which is why you'll see those two options on everything. Yet sadly, no evidence of sales. Where is all the revenue coming from?
Like I said before, I'm calling BS on the dealership installing the app on the customer's phone. I don't believe it. It doesn't make sense. In the time it took to explain how they did it, I'd have the app up and running.
That is logic.
Let's concentrate on the one leg. Where is all the revenue from selling the Cogosense device coming from? The app generates no income as it's not monetized in any way. And nobody is downloading it anyway so it doesn't matter. The only dollars coming in the door from this company are from sales of the device sold at all these dealerships Steve has signed. And you need the app yet the downloads and reviews remain unchanged. How do you explain that? I call BS on the dealership installing the app from another source.
We have no downloads to speak of for iPhone. Zero reviews. No iPhone users? I know you can sideload these days without jailbreaking an iphone but why would you? It's right there! I can have it installed in seconds. I'm going to hand my phone over to a car salesman? I don't think so. And you'd still have reviews. The only explanation for not having reviews is not selling a product. That's a fact. If you sell 3m worth of any product you will have way more than the 25 or so reviews this product has generated. Any investor should be alarmed at that and question the veracity of Steve's filings.
Software is loaded at the dealership? How does that work?
YOU explain the millions in revenue. Where is it coming from? You need the app to use the device. You'd need 7-8k of UNITS SOLD to get anywhere near the kind of numbers Steve has posted. There would be THOUSANDS of downloads and reviews. The device is between 200 and 400 bucks depending on who you believe and all these purchasers are apathetic? No way. For a popular app, 1000 downloads is non-existent. You're not even in the game under a million. There aren't enough downloads at the apple app store to get a rating. (you only need 5) These numbers remain unchanged from 6 months ago. That is damning evidence. Go to Google Play and see for yourself.
The only real hard evidence regarding this scam is the downloads and reviews. You can't fake it and it's not open to interpretation. There are no downloads, therefore, the product is not selling, therefore, Steve is lying. The A/R is a fantasy projection. THAT MONEY DOES NOT EXIST! This is not a rocket. It's not going to the moon and you will not buy a beach house. If you're holding .005 or higher, you're probably going to get burned. And eventually this will get shut down.
That position would require me to believe the man and his accomplices. I do not. This is a scam. There are no sales. There is no revenue other than selling shares.
These types of scams have an expiration date and this one is stinking to high heaven.
I would love to be wrong about Steve. I do hope I am. I fear I am not. I do so want a lake house.
I'm all ears about that side loaded dealership IT stuff. Seems kinda complicated but something has to explain the lack of online interest right?
Since when? And how does that work?
Specifically, where are the downloads? The reviews? To justify the kind of revenue being claimed there would be 100k at least right? Where is it?
How do you explain the lack of downloads or reviews? Where is the revenue coming from?
I remember that guy. Retired CPA. I'm simpler. Where are the sales?
As of early this morning, these are the current and unchanged stats on downloads and reviews of bSafe Mobile and Fleetsafer on Google Play and iTunes:
On Google Play, bSafe Mobile has 100+ downloads. 5 people have rated it. It has 4 stars. There are 4 reviews. All positive. No evidence of OBDII or onboard device purchased.
On Google Play, Fleetsafer has 1000+ downloads. 27 people have rated it. It has 1.6 stars. It has 9 reviews. All bad. No evidence of onboard device purchased.
The minimum download count for a review in the app store is 5 and ONCI
misses the mark at 2 for bSafe and zero for Fleetsafer. On a happy note,
the two bSafe reviews were really good.
There are six positive reviews on Amazon with the only 3 verified purchases I could find. So we're looking at what, 2000 downloads?
Where is all that revenue coming from?
Lets take a look at a competitor. Off the top of me Google.
Drivemode has over a million downloads, 26k ratings and a 4.5 stars. 1000's of reviews. WTF Steve???
That does look really familiar. Same guy, same strategy, I have no doubt same right hand people. A very long running scam.
Maybe in unconverted, unaudited A/R. Or Monopoly money. But probably not.
Smart investors avoid stocks like this like the plague that it is.
The fins are BS.
Way too many smart investors on to the scam now.
Very true. My personal interests involve delisting of this scam stock.
Dang! They had to bring in the bench!
I don't believe one word of that.
I think of it as pay per view for stock nerds. I'm willing to put a little skin in the game just to see the show.
I love that line of defense. Hey, if he was a crook he'd be in jail!
I think he'll try another fake audit. Some of the seeds have already been sown. I anticipate a ramp up from the brown lipsticked faithful to begin soon.
ONCI is nothing but red flags.
With the O/S, I'd guess 2000:1 at least.
He could always fake another audit.
Right. Nobody is this incompetent.
Is my platform working? Did somebody paint .0021 with 120 shares?
That does not make sense.
Would you care to elucidate? I'm genuinely curious. You "hate" penny stocks with audited financials? And if they do provide audited financials, you exit the position? The minute they do so? How curious.
The lack of verifiable sales should be troublesome to investors. Concrete, "I downloaded the software and I loved it/hated it" data is important to a long term investor. You must look at the downloads and reviews and add them up and then figure out how many paid units does that equate to. We have very few verified purchases to go by according to the data we can see online. There is no evidence to corroborate the CEO's claims of revenue.
Some are talking about the float, the LAM and other nonsense that doesn't matter. What matters is sales. Which translates into downloads, which generates reviews. ONCI doesn't have that. Which leads to the question, where is all the revenue coming from?
The 15th of September? Please.
A 52 dollar ask slap. That's investor confidence. And I mean confidence in the sense of confidence men. Con men. And a 90 dollar slap. Solid investment strategy.
I can't believe people actually fall for this.
That's been said a few times but it's not true. There are thousands of bogus pinkies. Nobody is afraid of going to jail. You might get the ticker revoked but that's about it.
Over the years I've been involved in many successful class action suits and not one person has ever gone to jail.
I believe this is a scam. I'm not a buyer at any price.
The CEO is the problem He's dishonest. He lies. And he acts like a child when he's caught. The A/R will never be converted because it doesn't exist. There are no sales. I can't even verify the existence of OBD II units. Where are they? The only evidence the minions have been able to provide is the weak sauce picture of a flyer on a counter in some office somewhere. I've repeatedly asked where the sales are coming from. Where are the downloads and reviews?
There may be a trick or two up Steve's sleeve that might bump this above 2 but you'll never see copper again. Keep in mind there are flippers with millions and million of shares and the CEO uses this as his personal ATM.
You'll hear them say, pink sheet never provide audits. That's not true. Most do not. But most of them aren't claiming millions and millions in revenue. That kind of claim requires an audit. You have to back that up. And with that kind of income why wouldn't you? I would. I'd be shouting that from the mountain top. An audit would literally blow this up. You might see .10. But I don't think it will happen. I can't see how it could. I don't see any evidence of sales yet I see a lot of evidence of blatant pumping. Shameless, egregious pumping. This stock is toxic.
Newbies! Run away from this scam. You can easily verify the lack of sales. This product requires an app. Check out the downloads. Look at the reviews or lack thereof. Ask yourself, where is the revenue coming from? Call Garden City ask them if they carry the Cogosense OBD II.
Read through this forum. Go back a year. The failure rate of this CEO is almost perfect.
Good due diligence requires comparative analysis. Look at the other distracted driving apps. You'll find them easily. bSafe, not so much.
Finally, read the CEO's twitter feed. He's a piece. Completely unprofessional. Unhinged.
Whatever you do, don't believe anyone on this forum. Check it out for yourself. I did. I'm convince this is a scam.