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So...... I was just given this as an explanation.
"I believe the hold up to domicile in Colorado has to do with the current law suit. I don't think the move can be made until it's settled.
The suit was filed by LG Capital against ONCI on Dec 15, 2016 for the amount $57,056.68. It is my understanding that Berman is trying to get the amount to under $12,000.00."
Are you F-ing KIDDING ME?????????????? Some of you have tens of millions of shares from the low trips and are ALLOWING a measly FIFTY SEVEN THOUSAND DOLLAR issue to get in the way of us going to silver and you making millions??????????????? REALLY?!?!?!?!?!?!? And, if Steve will pay $12,000, that's only $45,000 difference????
We're talking 3 million shares from someone (or a group of people) who were in at .0005 pays this whole thing off and then you IMMEDIATELY make more than what you spent!!!!!!!! The stupidity of this is mind-boggling.......
No offense, but FA Q. Why do YOU deserve to make 300K and we not? And, as far as I'm concerned, he hasn't "conned" me at all. I got in at .0012. I'm doing QUITE well.
Here's my only concern:
In the "Berman Call II" the following answer given in regards to the new domicile:
"Wanted to have the CO Domicile process explained in a more clear way:
Q: Everyone is expecting the CO DOMICILE process to either begin or be COMPLETED by Friday. What can we expect?
A: As stated previously I am making every effort to get this done
ASAP. There will be progress updates coming out beginning
tomorrow and Friday, and continuing next week until this F*%*
attorney fixes one last item. Shareholders will see it is
happening beginning tomorrow. Finality wont come until legal
finishes this in a few more days after that. Its a matter of days
not weeks."
"FINALITY" is a matter of days, not weeks.... On what date was that comment made?
Where are we, EXACTLY, in the process of getting this Colorado move completed?
Don't get me wrong, I'm long. Haven't sold. Still holding. Still adding on the drops. Still intend to. At LEAST until the next Q is out. The move needs to happen yesterday.......
Must be amateur hour. eom
Yesterday was good consolidation. Today, let's move up to the next base camp above .02 shall we?
When the next pr is released saying we are SEC compliant.... Better not be on the sideline.
Starting to climb again. Are the whisper winds talking??? Perhaps another or about to drop?
Even after adding 100million shares, the float is SUPER low! Just a little buying pressure and this thing could
Blow through the ceiling!
What a great play this will be. Next announcement - Big Pharma buying ALRT.
Uh ohhhh - FDA makes it official. We got exclusive technology in cash crop medical field with a SUPER low float and FDA clearance now officially listed. Make money or cry about it later.
Share reduction has already started. Steve made good on his word to begin last week. Second reduction happening soon. Eventually over 1.4 BILLION shares will be retired and there's zero reason to believe it won't happen. The next Q will show MASSIVE increases in revenue. This thing is headed for the stars.
This thing is primed for blast off. Looks like the entire French army jumped into this stock - an 8k came out with some meaningless legal mumbo jumbo, someone said "Boo" and they all throw up their hands and run away screaming. When this goes - it's going straight up. Then we have to listen to all these people bitch and moan about how they COULD HAVE made good money....
Big Pharma isn't going to let this opportunity go for long.
Going to be a whoooole lot of people kicking themselves for getting scared and selling too early. This will be a good lesson for them to learn.
I care about what he's said and done only since I got into it. Couldn't care one bit less about anything he's done or said prior to that. As long as he's following through on his commitments to me as a shareholder while I'm a shareholder - then I'm on board with him. The day he betrays my trust is the day I sell the entire position and move on. I'm telling ya'll this reduction was important on several different levels.
One day in the near future we're going to have to listen to people complaining about this being a scam because it dropped to .80 after they bought in at .95.....
Credibility is EVERYTHING. Steve promised a share reduction THIS WEEK. He didn't say how much. He just said "the first one of three". And guess what? We saw a share reduction THIS WEEK.
THAT, my friends, lights the fuse to a fireworks show like we've never seen. Why? Because ALLLLLL those folks who have been sitting on the sidelines waiting to see if it would actually happen now know that this guy does what he says AND NOW they realize that the second two reductions ARE coming with or without them.... Those of us who got in early took a bigger risk and it paid off. But there is a MUCH MUCH bigger wave of people coming who are less risk-tolerant. And after the second reduction, the wave will get even bigger!
Credibility breeds confidence. Confidence brings money.
Don't be surprised to see a nickel next week.
I swear, some of you could be handed an egg made of pure gold and you'd bitch about it being the wrong shape. Jesus, this was a gift and didn't HAVE to be done. Who cares if it was 100 shares!! What other CEO on the OTC is freely reducing his own shares to benefit shareholders?
This is about one thing and one thing only - CREDIBILITY.
The man said the first share reduction would happen this week - and IT DID. Most people so easily hand their money over to charlatans in the OTC world and here is a guy saying what he'll do and then following through with action and doing it. We're sitting on a very, very, VERY rare situation here.
See ya'll past a nickel.
If you sold thinking you were being wise, prepare to regret it. This thing is going to launch hard core when everyone realizes what's happening. Sellers, ya'll got duped.
If you want to lose money - sell. It's that simple. You've got to have a pretty low IQ to think that a company who just received an FDA clearance for technology that no one else has isn't going o find all the money it wants.
NO ONE ELSE has said device.... There's NO WAY Big Pharma let's this entire the marketplace as an independent product. Zero chance.
The smart ones are buying more bagfulls...
Next time you contact IR, request them to release an immediate pr to clarify that statement along with their intentions. And to fire whatever asshole left it hanging that way. It would have been nice to see "The Company intends to seek funding and is fully confident that it can rectify this situation expeditiously." Talk about a company shooting it's foot. These guys pulled out a Tommy gun and fired the entire clip into both legs!
Anyone who thinks this is going to get suspended is a fool. A lot of people are thinking they are "smart" for cutting their losses short. This is why those people stay poor forever and end up cursing the market....
The 8K was for a period ending PRIOR TO the FDA announcement....
Does it stand to reason that AFTER the official news with the FDA, money MIGHT have been "found"? Just POSSIBLY??? Good God look at the difference in stock price!!!! There has been a MASSIVE infusion of cash into this company from share value alone!
Use your damn heads!
Whisper winds talking? Let's see .02!!!!!
It's not getting suspended. IT HAS FDA APPROVAL. It's getting bought out.
This means a buyout is imminent. Needs to file. No money to file. Big Pharma to the rescue.
Which leads to this question - Shares equal control. YOU'RE the CEO of a company. Do you give up some of your control? I guess, if the ultimate goal is to sell the company short term - then who cares about the control.
Which could be a further validation that he intends to sell it.
Dumb question (and I'm sure it's been explained but I missed it): what the hell is a "share reduction" if not a buy-back or a reverse split? What shares "magically" disappear?
My question stems from this thought (which has subconsciously stuck with me ever since Steve pr'd the announcement) - theoretically, what if a "share reduction" is announced and then the entire float was bought and held. All the O/S is accounted for. What happens to those people's shares?
Secondly, IF you were a preferred shareholder - wouldn't you be a little pissed that your shares were suddenly just "reduced" with no compensation for them?
This isn't a bash. I love the idea of reducing supply with an increasing demand. But, I'm legitimately confused over what the hell this actually means to our real shares in the account.
You've got a small company in a big-money niche market with an exclusive product that no one else has.... there are only two ways this is going to work out: Big Pharma is going to buy it or Big Pharma is going to take it. It really doesn't take a rocket scientist to figure out where this is going.
Big Pharma is lurking. Dollars are on the horizon.
Set to gap up again. ONCI is going to fly off the chart soon. We probably break 2 today. For those who can see through it, yesterday's news was absolutely FANTASTIC.
A 500% increase in sales staff and they are working on STRAIGHT COMMISSION!!!!!!!!!
That means there is a HUGE demand for our product - enough to warrant a massive expansion to the sales staff. And it's ALLLLLLL commission based - which means no impact to the bottom line on labor costs. PLUS...the sales staff believes that this product is an easy sell - why else would they sign on for a 100% commission instead of a base pay plus smaller commission?
The sales team believes in the product. Huge demand. No underlying labor cost. Expanding rapidly across the country. An increase in revenue of 73% in the latest financial report. Millions in NEW revenue announced. New apps being developed. A publicly traded marijuana company being acquired. More than 1.4 BILLION shares being reduced.
Folks - we're headed to silver FAST!!!!!!!!
FDA is absolutely real. It doesn't matter what this drops to. The only ones who miss out are the ones who sell (or set a stop loss). Ground breaking technology that no one else has is certainly going to be snatched away by Big Pharma. There's too much money to be made in diabetes for this to have any other ending. Those who are smart are buying and averaging down every chance they get. I see no other outcome than eventual dollars.
Why is THIS WEEK so important? I'm not getting the significance you keep placing on the timeline...
Nonsense. So they can ONLY sell the product this week? LOLOL And what, pray tell, would you say would happen to ONC$ if someone said Steve had ONLY this week to begin reducing shares. Fact is - the FDA is the FDA. The approval doesn't get revoked after Friday... LOL. This thing is going to pop a LOT higher and harder than it did yesterday when a buyout is announced - whether that's this week, next week or next month. Nothing HAS to happen THIS WEEK..... sheesh
There is NO DOUBT big pharma is going to let this quietly slip by... FDA approved technology that no one else has in one of the biggest markets of the health industry? No way this company survives on its own for long. It's laughable to NOT think this will get bought out. And price tag isn't going to be ten damn cents per share. We're in for dollars regardless of what it does tomorrow. The FDA is the FDA, regardless of share price.
Per the pr, share reductions start this week. It's Wednesday.... better stake your claim now.
You may be right. Spike to .30 and a huge dump to .20 is certainly possible
Damn right. Lots of volume. Low float. We may have traded the entire float one already today. Solid support. New highs coming FAST.
Big players getting into position. They talk to Big Pharma too and know what's about to happen.