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If that’s true, what would stop him from doing a r/s here?
Answer: it could happen.. if he did it with his last company regardless of what he promises.
IMO
You got it.
Really? Please provide the source that confirms the numbers he is claiming are true.
And lest you think I am being too cynical, the pps indicates the market feels the same way.
Yup. Exactly.
He’s got a good racket going here diluting shares, and he has a myriad of investors who believe and hang on his every word.
Why should he change that and actually follow through on what he promises? He’s padding his pockets very well now.
No, those actually go back a lot further than 8 days.
He just gave an update/ spoke on it 8 days ago.
I know, I totally agree Brian. It was recently said no savvy investor would think that dilution is going on but how can savvy investors just take Berman at his word?
He hasn’t delivered on anything he said he would, just these wild claims of revenue growth, none of which can be verified. He’s the CEO of a tiny company in the scam world of the OTC gutter and people just believe him without question!
Meanwhile the saga continues with promises not kept:
Name change
Domicile
Audit
Share reduction
The last one is supposed to happen when (if) the name change takes place. I wouldn’t be the least bit surprised when / if a name change takes place, all of a sudden a PR is released stating why he can’t do share reduction.
I hope I’m wrong but based on his track record, I don’t see any of these things happening.
Uh yes...
Something missing from your list: the new houses he promised everyone ha ha..
This CEO spews out so much BS, I wouldn’t be surprised if he actually believes his own lies.
LOL
Process of elimination. Over 40 million in volume today and it’s down over 5 %. It’s not flippers, it’s not mm manipulation.
IMO
Spot on!!!!
Now that is “ keeping it real”.
The mm manipulation conspiracy theory has been going on forever.
Of course it’s the CEO dumping shares..
Berd,
I emailed one time... a Nissan dealer and they confirmed they sell the product. Now they won’t stop calling me! Trying to sell me a car..
I don’t think the harassment claims reported by the CEO hold water.
Best
Berd.. I agree. That sounds a little far fetched to me as well.
There really aren’t that Many investors in this stock. I find it hard to believe these places are being bombarded with phone calls.
And I can tell you this: the majority of investors are waiting for share reduction, name change , domicile , audited revenues.. I don’t think most would even waste their time calling all these companies
We will see another spike soon . I bet SB is still diluting this stock.
Agreed. Revenues haven’t been verified. If they were, we wouldn’t be sitting at .0033 right now. This pps would be going through the roof news of these revenues alone.
There is no way ONCI can claim these kind of revenues while the pps remains so stagnant.
Did the trick for selling today ( or more dilution).
You nailed it- exactly
Unless the financials are audited and the name change happens, it’s unlikely that updates will push this to two cents.
Why do you think it’s due Monday?
Okay, thanks for that Mary. Maybe I need to re-do my research then because from what I have read, OTC stocks are not subject to certain disciplines instituted by the SEC.
Thanks for the links. Yeah, I remember you saying awhile ago you got burned by one of these OTC CEOs. Thanks for sharing.
Sure thing! I always welcome / appreciate good healthy debate as long as it’s respectful and polite between the two parties.
I appreciate your perspective on SB and ONCI. The only thing I differ with is your point number 2. And this where the central core of my cynicism stems from: I too don’t really believe Steve would want to do anything to indict him for fraud. He’s not a stupid man . My concern is the world this stock is in: the OTC. OTC stocks/ companies are not regulated by the SEC, correct?
Or am I wrong? If not, then the CEO could really say anything he wants. I’m not insinuating Steve is definitely lying about revenues but being this is the OTC, what discipline is he held to in order to verify the revenue and growth claims?
This is why I keep harping on verification on his claims on revenues and growth.
But regardless and I have said this over and over, I hope I’m wrong and he does what he promises. I do believe we have a great product but the ball is in his court to come through for his shareholders. Time for him to deliver.
Best to you and I hope you make a killing on this $$$
I hope you are right ...
Thanks Mary and thanks for the link.
And BTW: I know we don’t see eye to eye on Berman or the company anymore but I do appreciate the correction explaining the AS/ OS share reduction.
Thanks Mary
You too Mug2011
Mary, So in his update he said would reduce authorized shares by 1 billion. So if he does that , would he still have the option of increasing them again?
Isn’t that an option he and his board of directors have in their company articles of incorporation? Or once he reduces the authorized shares, it’s finalized with no option to increase them again?
That’s what I said .. a total of 2.4 billion.
That doesn’t even put a dent in the share structure to go to the type of highs you’re all expecting.
You would have to have a very low float to go to .25, .50.. with revenues he claims.
Just being realistic
I’ve been reading this cool site on iHub that gives an OTC 101.
I absolutely love this and it describes ONCI and every other OTC stock:
“PR stories have NO value, and OTC companies only have two things, stock for sale and stories of progress.”
According to his update, he’s reducing a total of 2.4 billion shares.
Even with the revenue claims he’s making, that would not bring the PPs up to .25
ONCI would have to have a super low float to see that pps based on his revenue claims.
I’ll totally agree with you once the financials are independently audited and verified.
That’s the only way to know.
Honestly, I do not believe the company is any better positioned now. However, back in September, the market had some trust in what he was doing and that’s why we rose out of trips past doubles to over a penny.
I do not believe the market has that trust anymore no matter how many revenues he is currently claiming.
I was very excited and hopeful when I wrote that post and then the patterns started. Making big bold claims and not following through on them:
Share reduction
Domicile
Audit
He did the uptick interview in April. I posted that in mid September. It’s been a year now since he made those promises to shareholders. So while on the surface, it looks as though the company is moving forward, I do not believe anything has really changed.
This is all strictly my opinion, and let me say one more thing: I do not totally blame SB. I was very new and naive when I bought into this stock and didn’t know at the time what a scam and racket the OTC world is.
I do now. That’s why I flip to make profits and keep a certain number of shares on hold in case the unexpected happens.
Best to you and good luck ONCI$$
Gave you a follow . Best post I have seen on here in awhile.
Good for you B.B. you nailed it.. it’s all about profit.. nothing else matters. You are so correct.
The tweets, the revenue claims, the links, the “DD”, the promises from the CEO., all mean NOTHING.
At the end of the day, taking profit is all that matters.
Why would you need a name change to reduce shares..it seems like FINRA is being used as an excuse for this commitment.
Don’t hold your breadth.. this was promised almost two years ago. There is no indication at all that he will follow through on this commitment.
This doesn’t take DD:
If the revenues were what the CEO is claiming, this would not be a sub penny stock right now.
Forget about what’s expected from Q2 in June, from Q1 alone, if the revenues were verified to be true, this would be multiple pennies right now simply based on market speculation.
If the market saw these revenue claims as true, the pps would skyrocket on that alone.
If Steve Berman truly cared about shareholder value and getting credibility in the eyes of WS, he would do everything in his power to provide verification for these revenue claims.
The fact that all he is doing is hash tagging the new mantra: “ #revenuerules# proves he is not serious about gaining credibility for ONCI.
Agreed. I thought that this morning when I saw the heavy volume and the pps dipping into the 20s .
I don’t believe dilution is over. These big revenue claims are a front. Something else is going on.
I’m hanging tight for the next big P & D.
I suspect that as well - this whole thing about editing for a name change before reducing shares is a little fishy.
What a pos..
Releases news and the pps tanks ( again)
Fantastic point. You nailed it.
Just verify all these “great” financials and I don’t think anyone moving forward will give a hoot about calling dealerships.
The revenues which would be now legally and independent third party verified would speak for themselves.
Simple
Why does he need to wait for the name change for share reduction?
This was promised to shareholders well over a year ago.