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ONCI! An offer in compromise allows you to settle your tax debt for less than the full amount..or 433-B (OIC) (businesses)..business tax debt (Corporation/ LLC/ Partnership)..
https://www.irs.gov/payments/offer-in-compromise
..The IRS will accept your OIC only if you convince it that:
-there is doubt as to the amount of your tax liability (unusual), or due to exceptional circumstances, payment in full would cause an "economic hardship" or be "unfair" or "inequitable”--
https://www.nolo.com/legal-encyclopedia/can-you-really-settle-your-tax-debt-the-irs-pennies-the-dollar.html
Must the full amount due be paid?
No, you can pay just part of the total amount due.
https://dorweb.revenue.delaware.gov/scripts/olp/olp.dll/buspay
..Payment plans over 24 months
https://revenue.delaware.gov/services/Collections/Install_Other.shtml
Per qualifiers above, $Onci will settle for less than owed.
ONCI! A discount is a discount!
We are proud to support the broadest customer base in the industry, ranging from Small and Medium Enterprises (SMEs) to Fortune 1000 companies. Cogosense products are available globally through a robust network of reselling, referral and licensing partnerships worldwide.
http://cogosense.com/distracted-driving/partners
..One major insurance company is even offering a 5 percent discount on premiums for customers who sign up for a cell-phone blocking service provided by Aegis Mobility..
https://www.netquote.com/auto-insurance/news/discourage-distracted-driving-820
In all that, multiple insurance company recommends-mention Fleetsafer-Bsafemobile for consumer and business and discount is offered, plenty of folks here also called their insurance and confirmed a discount.
If anyone calls their insurance and they are not offered a discount move to a well funded insurance.
I like fact's just like most folks.
GLTU $Onci
ONCI! Warren Buffett..distracted driving $412.1 billion
..Warren Buffett said that Geico, which is owned by Berkshire Hathaway..“If I had to bet and people at Geico won’t like me saying this, but I think our underwriting experience will be better in 2016 than it was in 2015,” he said. “I personally believe that distracted driving...went up a fair amount,” he added.
..With the mass popularity of smartphones and other devices, distracted driving is also becoming a greater problem on the roads..The agency estimated the costs of accidents..$412.1 billion
https://www.marketwatch.com/story/warren-buffett-says-reckless-driving-will-cost-drivers-in-2016-2016-03-01
Distracted driving..costs approximately $175 billion a year,..HTSA) estimates that all highway accidents represent nearly $1 trillion in economic damages..
https://www.teletracnavman.com/blog/cost-distracted-driving
Pay Attention: Distracted Driving Could Boost Your Insurance Rates By As Much As 41%
https://www.forbes.com/sites/jimgorzelany/2018/04/10/pay-attention-distracted-driving-could-boost-your-insurance-rates-by-as-much-as-41/#2b62f8c3c869
Many billion dollars are lost, companies will catch on sooner or later. Smart buyers want reduction in insurance cost's.
GLTU
$Onci
Onci! Cna a multi billion dollar insurance company offer Onci-Cogosense solutions.
..Cogosense offers two technology solutions; bSafeMobile, the small business solution for distracted driving, and FleetSafer®, the enterprise solution for distracted driving. These innovative solutions help reduce the number of vehicle accidents by eliminating a leading cause of crashes; driver distraction from the use of smart phones while driving. Cogosense offers its services to CNA policyholders at special rates.
CNA’s Preferred Pricing
CNA policyholders have preferred pricing that represents a 25% cost savings over the regular rate for Cogosense services.
https://www.cna.com/web/wcm/connect/b379b417-de1a-466a-8ece-931b48265b81/RC-Allied-Vendor-Cogosense-CNA.pdf?MOD=AJPERES&CACHEID=b379b417-de1a-466a-8ece-931b48265b81
DD
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143341240
netquote insurance discount.
https://www.netquote.com/auto-insurance/news/discourage-distracted-driving-820
Mutual insurance another billion dollar insurance company- Fleetsafer
https://www.texasmutual.com/blog/posts/2017/10/your-phone-can-help-you-be-a-safer-driver
Many insurance companies have jumped on board.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140447526
Gltu $Onci
Onci! Spyware installer has nothing to do with distracted driving Apps and Cogosense. That issue is from 2015 no apps would exist. We own 32 patents and competitors lost lawsuits.
Anyone would common sense that wants 25% insurance discount would buy bsafe. I save big on insurance monies for my Gwagon and Ferrari 25% adds up real fast year over year.
$Onci
Onci! More DD google download count or Cogosense?
FleetSafer Service
The FleetSafer Service is a subscription-based program that allows FleetSafer to send and receive information to and from Cogosense’s servers via a wireless connection, providing features such as automatic activation
..GPS technology is used in conjunction with Cogosense services,..Information gathered by Cogosense is stored in Canada
Cogosense secures your personal information from unauthorized access, use or disclosure. Cogosense secures the personally identifiable information you provide on computer servers in a controlled, secure environment, protected from unauthorized access, use or disclosure. When personal information (such as a credit card number) is transmitted to other Web sites, it is protected through the use of encryption, such as the Secure Socket Layer (SSL) protocol.
http://cogosense.com/distracted-driving/fleetsafer_privacy-en.htm
Google count Myth busted, fleet, merchants and clients use Cogosense servers, for application, all data storage! Google Pstore or App Store is free marketing to route some traffic to Cogosense server.
$Onci extremely undervalued, Glta
Onci! DD is very important.
Companies policy dictates software inplementation if employee wants their job, no outside enforcement needed. Many companies provide phones and if they are in accident with personal phone they lose their job and lose of insurance policy.
..“Employers should be concerned, not only because of the potential for injury or death caused by texting while driving, but because they face potential employer liability if an employee causes a car accident while engaged in distracted driving on the job.”
—B. Anderson, Florida Car Accident Attorney
..Employers reduce risk by establishing safe-driving policies and enforcing those policies
http://cogosense.com/distracted-driving/regulation
Parents & companies accept liability for minors, both Fleetsafer & Bsafemobile
..Before installing or agreeing to have the FleetSafer application installed on your Device, you represent and warrant that you have (a) read this agreement in its entirety including the Cogosense FleetSafer Software License (incorporated herein), (b) you understand and agree to the terms of this agreement, (c) you are at least 18 years of age, (d) if you are accepting this agreement for a child under 18 years of age you have the legal right to enter into this agreement on the child’s behalf
These terms and conditions represent the entire agreement (“Agreement”) between you and Cogosense with respect to FleetSafer. All references herein to “you” and “your” means you, your employees and any other person or entity on whose behalf you have the authority to accept these terms and conditions, all of whom shall also be bound by this Agreement to the extent permitted under applicable law.
http://www.cogosense.com/distracted-driving/terms
..IF YOUR EMPLOYER HAS ENTERED INTO A SEPARATE WRITTEN AGREEMENT WITH COGOSENSE TO MAKE COGOSENSE SOFTWARE AND SERVICES AVAILABLE TO ITS EMPLOYEES, THE TERMS OF THAT LICENSE AGREEMENT WILL CONTROL OVER ANY PROVISIONS IN THIS PRIVACY POLICY THAT ARE INCONSISTENT WITH SUCH LICENSE AGREEMENT. YOU SHOULD CONTACT YOUR EMPLOYER TO DETERMINE WHETHER IT HAS A SEPARATE WRITTEN LICENSE AGREEMENT IN PLACE WITH COGOSENSE. NOTHING IN THIS PRIVACY POLICY SHALL MODIFY OR CHANGE THE TERMS OF ANY EXISTING SEPARATE WRITTEN AGREEMENT BETWEEN COGOSENSE AND YOUR EMPLOYER.
http://cogosense.com/distracted-driving/fleetsafer_privacy-en.htm
Gltu
$Onci
ONCI! If a stock is beat down below the term price then the toxic lender is due more shares taking longer to settle.
Lenders earn more money by renewed lengthy terms.
Onci! An & CM will triple revenue, private label, Insurance the golden goose.
Gltu
$Onci
ONCI! Funny how that works. LG wanted more money.
Lawyer fees are noted in Q fin's, well see on the annual. On4 is banking over $1m+ per quarter, $54k (plus fees) is insignificant.
gltu
ONCI! The lawyers argued a check was sent to cover dues (excluding usury). The second argument suggests an address changed, not properly served.
I am also lead to believe that toxic lenders prefer a "Default judgement" plenty of cases.
The legal issue per the judge..
..Page 3, "criminally usurious,"Page 5..There being no specific objection to these conclusions, they are reviewed for clear error, and the Court finds none. Attention is now focused on the only objective to be considered de novo, that is whether On4's putative usury defense has merit.
..New Yorks, criminal usury law does not provide a complete defense to LG's claim.
https://cases.justia.com/federal/district-courts/new-york/nyedce/1:2016cv06943/394893/30/0.pdf?ts=1537963236
LG did object to criminally usurious behavior but LG knew New York district courts would favor them, judgement to lender $54k over $2500 (2013 terms).
Predatory lender all behave likewise.
GLTU
ONCI! Nice DD MFN.
Obviously not stupid of Ceo-team to allow unjust enrichment payment of $217k on a $2500 past debt but really dumb of LG not to accept the 50M shares.
GLTU $Onci
ONCI! Chevy Lifestyle?
Not compatible with Apple and free with issues.
..The concept of this app sounds great. Very poor execution. It makes you record audio on your own device. I expected it to connect to your friends/family so that they get notified when you are driving with your phone out, and they can send audio messages that play automatically while you're driving. But no, it's just an audio recorder and player
What's New
Please do not test while driving.
https://play.google.com/store/apps/details?id=com.gm.vpal
1000 downloads for a free APP, not good.
$Onci
Onci! Acquired more shares.
$Onci
ONCI! A quote that relates, Robert Shiller..
..‘The strength of this country was built on people who watched individual companies. They had opinions about them. All this talk..it’s a little bit diluting of our intellect. It becomes more of a game..
..“It’s kind of pseudoscience..all I need is some kind of computer model instead of thinking about business,”..
https://www.marketwatch.com/story/robert-shiller-passive-investing-is-a-pseudoscience-and-its-bad-for-markets-2017-11-14
Great company, saving lives, monetarily sound, pennies soon. $Onci
Onci! Strong earnings and no overreaction, healthy undervaluation.
Investors have lost their healthy skepticism, Shiller warns
..Market participants ought to know that they shouldn’t overreact to earnings growth, but they sometimes forget if popular narratives mislead.
..according to the cyclically adjusted price-to-earnings (CAPE) ratio that I have long advocated. Is the price increase justified,
conscripted to risk..that brings us to the current boom in earnings and prices. Apparently, investors believe that this boom is going to last, or at least that other investors think it should last, which is why they are bidding up stock prices in a dramatic response to the earnings increase.
The reason for this confidence is hard to pin down, but it must be rooted in the public’s loss of healthy skepticism about corporate earnings, together with an absence of popular narratives that tie the increase in earnings to transient factors
https://www.marketwatch.com/story/do-spectacular-earnings-justify-spectacular-stock-prices-2018-09-24
$Onci steady support and no overreaction to earnings, no longer debt ridden and revenue is growing. Healthy skepticism well supported by accumulation and plenty of confidence.
Glta
Onci! Assumption is seldom proof! Name published!
$Onci
Onci!..Since joining the Commission, Chairman Clayton has focused on the long-term interests of America’s retail investors, a perspective he shares with the SEC staff
https://www.sec.gov/biography/jay-clayton
Shared interest for retail $onci
Onci! Always good to read all SHL line by line.
..I am pleased to say that we signed the largest dealership group in the USA AUTO NATION and we are starting to implement sales to those dealerships. We also signed CARMAX and will be rolling out in those stores as fast as possible
https://ih.advfn.com/p.php?pid=nmona&article=77677998
$Onci
ONCI! Like this?
SEC Charges: False Tweets Sent Two Stocks Reeling in Market Manipulation
..The Securities and Exchange Commission today filed securities fraud charges against a Scottish trader whose false tweets caused sharp drops in the stock prices of two companies and triggered a trading halt in one of them.
SEC charges false allegations Trader
SEC takes false allegations serious enough to disclose real names of crooked brokers-traders.
GLTU As Always
$ONCI
Onci! Get it settled for pennies on the dollar, why deal with inherited debt?
Bought another million ;)
$Onci
ONCI! SEC Deceptive Broker-MM and friends.
1 SEC Charges Stock-Based Lender With Selling Billions of Penny
Crooked Broker
2 SEC Charges Oppenheimer With Securities Law Violations Related to Improper Penny Stock Sales
Oppenheimer Admits
..loosely regulated hedge funds have no such restrictions.
Yup
..Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down..They Shor More..
Key Word MORE
Nobody does is not true, plenty of evidence.
ONCI! Much interest here indeed. Competitor motif: synonyms: theme, idea, concept, subject, topic, leitmotif, element; through line.
1 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143545594
2 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143536383
3 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143473900
4 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143391403
5 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142643937
6 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142506234
7 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143545594
Reality
Undervalued
1 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142810724
2 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143193614
3 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143194689
4 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143197335
5 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142534105
6 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143423531
Dubiosity-Skepticism is seldom fact.
$ONCI
Onci! Excellent, the timing for MJ is right on the money.
..“There is a concern amid the government and other people that there is going to be a shortage come October, because if history is any indication in other jurisdictions, we’ve seen that when legalization hits, there’s a product shortage..
..nothing, in principle, would stop licenced producers from supplying the medical market with imported cannabis and devoting their entire domestic production to recreational users, Matt Maurer explains
MJ Shortage
Profits $Onci
Onci! Appreciate the update buying more!
$Onci Undervalued!
Onci! The steps of incorporation is initiated by name reservation (1step).
The process is noted below out of order and injudicious but luckily..
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143667426
..Corrected here just like articles of On4 in Colorado ;).
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143667645
..You cannot register a business or incorporate a company unless you have the name approved first
https://www.bcregistrynames.gov.bc.ca/nro/WebHelp/important.html
Canada.gov officially recognizes Sifthouse (name) a business, to disagree is chimerical.
Gltu
Onci! Fascinating what DD finds, Canada has approved the new company name Sifthouse.
Not believing the accounting storyline, doesn’t admit-taxes can be negotiated.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143586406
Revealed-realized.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143586368
Colorado articles of incorporation
On4 communications
https://www.sos.state.co.us/biz/BusinessEntityCriteriaExt.do?resetTransTyp=Y
https://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&masterFileId=20171928952&entityId2=20171928952&fileId=20171928952&srchTyp=ENTITY
Best to save these type of questions after DD. ;)
..2)There's no record of incorporation. When was SIFTHOUSE created? and..3) Health Canada has not issued a micro-cultivation license. Has an application been submitted? My understanding is it takes 18 mos to receive a license..DeadLink
ONCI! Doesn't appear that way.
ONCI Q3
OTC Markets
Post #191427
..OS 3/5 4.28B, OS 9/14 4.49B 212M shares issued (4.7% of OS), while net profit has skyrocket!
Q3 ONCI DD-UPDATED
$ONCI
ONCI! Super post MFN, thanks for the DD and update.
GLTU
Onci! Correct the SHL says new company and terms to be disclosed.
..purchase 75% of a craft Cannabis company called Sifthouse BC. Sifthouse is a craft Cannabis company and a new business based in Vancouver..craft growers will be the biggest part of the cannabis boom.
https://ih.advfn.com/p.php?pid=nmona&article=78265197
..This search tool is used to compare your name with existing corporate names on the BC Corporate Registry.
SIFTHOUSE INDUSTRIES LTD. Reserved
https://www.bcregistrynames.gov.bc.ca/nro/nro.htm?_flowId=name-search-flow&_flowExecutionKey=e2s2
The new name will be Sifthouse, already approved & reserved. Not disclosing a business name is normal discourse many months now and given the history (competitor failed lawsuit-harrased calls etc..) no surprise!
What we do know is intent to buy and or name is established.
GLTA
ONCI! The fact has many aspects. Companies in bankruptcy are trading at $.03 albeit lower share count. A good investment? Probably not.
Valuing a Company Based on Its Revenues
Revenue-based valuations are considered to be among the “cleanest” of valuation methodologies.
This is because revenues are less impacted by accounting and financial structure decisions than earnings or book value. For this reason, proponents of revenue-based valuation measures argue that revenues are a better measure to use than earnings-based or shareholder equity–based measures.
..these measures are less commonly used, they may lead you to stocks whose bargain valuations have not been uncovered by other investors.
AAII
Onci! Market has spoken 17m Buy, 5m sell.
https://ih.advfn.com/stock-market/USOTC/on4-communications-inc-ONCI/trades
Bear raid found no honey!
Gltu
Onci! Contingent
Fortuitous; dependent upon the possible occurrence of a future event, the existence of which is not assured. The word contingent denotes that there is no present interest or right but only a conditional one which will become effective upon the happening of the designated condition.
https://legal-dictionary.thefreedictionary.com/contingent
Contingent reminder! No proof provided that negotiation has not occurred!
Gltu
Onci! Unconvincing & unsound discovery. A public accountant knows taxes are negotiable.
Onci$$$ no more cheap shares ;)$$
Onci! page 13..Bases or Presentation in accordance to Gaap..
Page 15 Current Liabilities
Inherited..question..validity..$1,286,068..management believes no longer enforceable..
https://backend.otcmarkets.com/otcapi/company/financial-report/202600/content
Important to read each line and avoid irrational garble.
Gltu
Onci! An unenforceable debt is one that is valid but a court will not enforce (or hasn’t). Del debt is listed in the fins as such. The reason why it’s not listed by subject is the dollar amount is in question & inheritance of corporate debt limits validity-reasonableness.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143586368
Another words yes it exists (less negotiated amount) but since there was no response (acceptance) there is no judgement. It will be resolved just a matter of negotiation.
Gltu
Onci! Patent valuation..depends..it is enterprise value or what a company can be sold for plus MV.
Onci was .019 EV was $39m last year with debt and dilution.
Currently trading at a $39 million market valuation ONCI has minimal assets on the books and significant rising debt that usually leads to significant dilution.
https://www.microcapdaily.com/the-fabulous-rise-of-on4-communications-incotcmktsonci/120182/
EV at .002 is $21 Million, of course that does not take factor future accounts I.E distracted driving market $200 Billion..paid cost for damages in DD accidents. Insurance companies would rather pay $1B for patented tech and save $190 B?
When Are Patents Most Valuable
1. When they cause the consumer to buy more of the product.
a. Technology obsolescence (e.g. PC’s)
b. Increased utility for existing or new user (e.g. Cell Phones)
2. When the patented feature is a primary factor in the demand for the product, i.e. the
patent is the product (e.g. drugs, velcro, stickey notes, etc.)
https://www.law.berkeley.edu/files/obrien.pdf
Onci is extraordinarily undervalued! Onci is a US company owning a Canadian company wouldn’t it make more sense for them to accept US dollars vs weaker Canadian lol?
Gltu
OncI! Please read line by line last few posts, I covered (just in case) the whole spectrum of uncertainty!
Cheers
Onci I disagree with that summation and welcome back. We were discussing sales commission by the sales staff. The fins suggest they are doing stellar job selling and they gotta get paid.
CEO loaned Onci his personal monies- hundreds of thousands, if he sells a few here and there it will easily be absorbed. What is 44m against float 2.8b.
No Ceo loans personal money unless he has a solid product.
Gltu
Onci! Fins suggest .. financed against A/R, cash and or loan.
Factfinders suggest Cogosense is a free acquisition per terms of A/R..Free!
Btw past owners paid $5 Million plus undisclosed amount for Fleetsafer alone, Ceo paid $2.5 plus some fo all Cogosense!
Gltu