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SORRY..BUT....ONCI’s CEO is a PROVEN...LIAR
THAT IS UNTRUE....NO FILINGS INDICATE SUCH....ONCI..IS..A..PROVEN..SCAM
AWESOME....FINALLY CEO BERMAN GOES TO JAIL....DELISTING SOON!!!! FU...ONCI
MEETING with LAWYERS...See if we..can..send..the..CEO..To..JAIL..With..YOU
Whatever happened to...HEXA...COLORADO.MOVE...PL2...BMW...Enterprise..GEICO....LMAO....#1..SCAM..of.the..OTC....ONCI
NOBODY CARES...about..HIS...OBVIOUS LIES.....Talk about DESPERATION...He..is..the DILUTION KING of the OTC
CEO has only told lies..to..pump...and...DUMP....100%..BS
3.3 BILLION more in DILUTION...THANKS for the PROOF....Noteholders always get a discount of around 50% based on current shareprice. Not where it was last year. LMAO
Some investors just want to go down with the SHIP.
THANKS..PROOF..of..MORE...DILUTION!!!!...Of course..no..Noteholder..will..pay..more than..Marketprice!!!50% discount is normal....so .0003 at current prices...and 3.2 BILLION in new DILUTION
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.
MASSIVE DILUTION....AND....REVERSE..SPLIT...COMING SOON TO ONCI
MADE UP...FICTICIOUS REVENUE....IS..ALL...ONCI..HAS....FAKE...PUMP..&,,DUMP
Terry and the CEO will be in JAIL...TOGETHER...How nice!!!
IT is all FICTICIOUS REVENUE as PROVEN by the A/R..RED FLAGS
INSURANCE COMPANIES.....SAVE 95%...with..the..LIFESAVER app...BETTER..THAN..Bsafemobile.
SOLUTION....Buy a Phone..HOLDER....Simple..and..effective!!..Handsfree
The ONCI CEO is a LIAR and CON MAN....EVERYBODY...KNOWS THIS!!!
The ONCI CEO is a LIAR and CON MAN....EVERYBODY...KNOWS THIS!!!
Canouse already has more than that. Just look at the filings. He also does not file. So call the SEC to complain.
ONCI is the worst SCAM on the OTC.
Shares issued are Dilutive. When those issued shares are dumped on the market it puts further pressure on the stock price. That is why the CEO pumps his BS so that his friends can sell.
Main problem...is..that there are no deals...THUS...NO..CONTRACTS
The A/R is what shows that the CEO is booking FICTITIOUS revenue. My earlier post today proves it.
The A/R cannot grow like it has every quarter 9 quarters in a row. If it was real A/R then payments would have to come in to reduce the number.
My guess is that he has the product on consignment at some dealers, and that they are not selling many units.
The main problem being that NOBODY wants an app that controls what they do in the car. ESPECIALLY not one that costs $200 when the competition apps do the same thing and are 95% less expensive.
Then there are the lies.
Like PL 2, HEXA, COLORADO, BMW, ............long list........
ONCI found DOA....CON MAN CEO...plus.his...COLLABORATORS...go..to...JAIL
Caught in a WEB of LIES....THIS IS THE WORST CEO on the OTC.....Fooled some of us for a while, but his lies have caught up with him. His main sidekick Terry will also be in Jail with him soon.
LOCK the CEO UP...with his COLLABORATORS!!!
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.
ONCI Shareprice has CRASHED 75% Since then....3.to.4.X...more..shares..in..DILUTION
$1,000,000 in stock equals 1.66 BILLION SHARES DILUTION
ONCI IS THE WORST DILUTED PIG OF ALL!!
ONCI..FILED..TO..SELL..14 BILLION SHARES....read.the.filings.don’t.be.duped
BECAUSE...you do not understand DILUTION as proven from your posts.
THE company issues shares to note holders and payment. Those note holders either hold the shares, or sell them on the open market. Nobody is notified when this happens. So nobody knows when those shares are going to hit the market, or have hit the market.
There could be a billion shares that are ready to be sold right now.
The Actual dilution has happened as there are more shares outstanding, but more damage happens when they are sold into any news. This is why everytime you think it should go up because of news that it actually goes down. There is a line of shareholders waiting to sell on any upturn.
This will never change here.
ONCI is DONE.
CLUELESS.....SHARES ARE NOT SOLD AUTOMATICALLY.....LMAO....THE HOLDER OF SHARES DECIDED WHEN TO SELL.
He will pump and the DUMP.
RIDICULOUSLY ABSURD...Shares issued...does not mean...SOLD.....NOTE HOLDERS...May have 500..Million to sell.
The DILUTION happened with the shares being issued to Canouse.....When he decides to sell he will not announce it to you. He will find a PUMP so he can DUMP his shares on the likes of YOU and other naive investors.
BILLIONS MORE IN DILUTION COMING.
ONCI .0001.....and then REVERSE SPLIT SOON.....LYING CEO...should be.in...JAIL
1 BILLION in DILUTION......GUARANTEED for 2019...REVERSE SPLIT SOON AS WELL
100 see ONCI for.the.SCAM..it..is 1 does not.
SCAM STOCK OF THE YEAR... PROVEN 100..TIMES
Ready for .0001 and then a REVERSE SPLIT
There are NO CONTRACTS..ONCI..is.a PROVEN SCAM!!!.Posts..FICTICIOUS REVENUE.
LMAO....DILUTION of over 1 BILLION shares...in..the..filings...as..you..KNOW.
TOTAL..BS...Search GOOGLE....”best distracted driving apps”...NO..Bsafemobile..listed......ONCI..is..POS
SOLD AT .001....GREAT MOVE...YOU..WILL..LOSE..EVERYTHING
GET A PHONE HOLDER...DUH