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Onci! In almost all cases, the book value will be significantly less than the market price because the market price takes into account both the company's current profitability and estimates of future profitability. It reflects not just the value of the company's assets, but an estimation of the company's ability to use those assets to earn a profit.
In theory, the book value is the net value of the company's total assets, but in practice, the value of these assets differ from book value in the event of an actual liquidation.
..Another reason why book value might not accurately reflect the real breakup value of a company is that it is standard accounting practice to determine it by subtracting all of a company's intangible assets from its total asset value. For example, if a pharmaceutical company has total assets of $1 billion that include patents valued at $200 million, the book value becomes $800 million. But in reality, those patents might be the most valuable assets the company owns, so the book value might be much less than the actual breakup value of the company.
https://www.thebalancesmb.com/what-is-the-market-price-per-share-393220
“If” common shares are sold below market value that is not value set..Onci has patents and over $5 million in assets thus market value is significantly more than Edgar selling price as proposed.
Win win for all!
Onci! One step closer to name change..money invested back to Onci.. on roll for Audit!
Per fins $154k cash $156k from shares (first since 2016)= $310k cash..growth.
https://backend.otcmarkets.com/otcapi/company/financial-report/196024/content
Retirement of shares 1.4b in July..
Regards
Onci! The revenue is recieved-recorded by IRS a hard copy is on file as legal document if need be and-or submitted-attainable-published electronically.
CFO and CEO have signed the document to the best of their knowledge in truth. I doubt this is PD given the solid revenue stream.. much greater than other OTC producing 33% of “cash” Onci reflected in the last Q
Gltu
Onci! ..Equity dilution through the issuance of more shares could decrease the value of your stake in a company. If the company’s value doesn’t increase after the additional shares are issued, your holdings in it could be worth less because you would have a smaller ownership percentage. The new value of your stake would depend on how many shares are issued, their price and the terms.
https://budgeting.thenest.com/calculate-equity-dilution-26785.html
Since Onci value has increased from $3.4 million in assets to $5 million in past few months, the dilution is easily disregarded..more so with upcoming July share reduction, and near term business plan’s for Dental and MJ.
Here is to profits!
Onci! ..Subject to standard and customary exceptions, the conversion ratio for Preferred Stock shall be adjusted on a broad weighted average basis in the event of an issuance below the Preferred Stock price, as adjusted
..A price-based antidilution adjustment is a mechanism to protect investors in the event that the company sells securities at a price lower than the price of the securities purchased by such investors;
..You first must understand that upon the issuance of preferred stock to an investor in a Series A round, the investor has the right (and the obligation, in certain instances) to convert the preferred stock into common stock, and conversion ratio is set at one-for-one. The formula for determining the conversion ratio is (i) the original issuance price of the preferred stock divided by (ii) the conversion price (which originally is the price paid).
..Full Ratchet. A full ratchet antidilution adjustment is draconian to the founders (and other holders of the company’s common stock) and thus is relatively rare. This type of adjustment “ratchets” down the conversion price to the lowest price at which stock is issued after the issuance of the investor’s preferred stock – regardless of the number of shares issued. In the example above, the conversion price would be $.50, the conversion ratio would be 2 (1 divided by .50), and the Series A investor would receive twice as many common shares upon conversion. Note that the same conversion ratio would result even if the company issued just one share for a price of $.50.
..There are two basic types of price-based antidilution adjustments: (i) “full ratchet” (or “ratchet”) and (ii) “weighted average
..Weighted-Average. By use of complicated formulas, a weighted-average antidilution adjustment takes into account both (i) the lower price and (ii) the actual number of shares issued in the down round; it is therefore more moderate and indeed more accurately reflects the dilutive effect. Accordingly, the greater the number of shares that are issued at a lower price the more significant the adjustment to the conversion ratio.
..Based on the foregoing, the language in your term sheet (i.e., “adjusted on a broad weighted average basis”) is generally the best you’re going to get with respect to this issue. Good luck.
https://walkercorporatelaw.com/vc-issues/what-is-a-price-based-antidilution-adjustment/
Facts are only determined by the language set forth. Onci shares were sold given the above two scenario if they are preferred stocks.
Onci! Record revenue..
Dental
..I have been in contact with a major urgent care provider in the NY tri state area to lease space from them in there facilities for a 24 hour on call dental service.
..Once we are active in the facilities we can expand to podiatry and other health needs. Anyone with an elder parent knows that the first thing to go when you get older are teeth and feet.
.The company is in great shape as we continue to close deals and increase revenue. Auto Nation and Carmax is a huge event for us and will increase revenue three fold in the future.
https://ih.advfn.com/p.php?pid=nmona&article=77677998
Onci value will skyrocket well beyond prior Q record. MJ, Dental, Podietry very high margins.
Glta
ONCI! Onci collected triple the cash $154k ($1M last three months) & AND* diluted 1.2 Billion only $59k& rogue assets.
IMO tough to climb past $.005 EVER! Glad I am here.
GLTU
Onci! Driver Safety and Distracted Driving FleetSafer
Commercial Fleets
We offer all fleet-related services for all classes of vehicles used throughout all industries.
http://insights.unionleasing.com/most-useful-mobile-apps-for-drivers
JOURNAL OF TRANSPORTATION LAW, LOGISTICS AND POLICY
Active Technological Tools: Active policy software solutions are available for employers whose CMV drivers have a company -owned smart phone or tablet. 96 Employers can install such software applications on their driver’s smart phone or tablet. 97 Some of these applications, such as FleetSafer Mobile with SafeApp
http://www.hancocklaw.com/Journal_of_Transportation_Law_Logistics_and_Policy_-_Third_Quarter_2013.pdf
Joye Law Firm
Fleetsafer
https://www.joyelawfirm.com/2013/10/smartphone-apps-smart-avoid-car-accidents/
kenneth J Allen Law Group
Fleetsafer
https://www.kenallenlaw.com/2012/03/new-patented-software-to-stop-truck-drivers-from-violating-fed-rules-against-talking-or-texting-on-cellphones-will-it-work/
Goodrich and Geist Law
Fleetsafer
https://www.goodrichandgeist.com/blog/top-5-apps-improving-safety/
Evan Jones and Associates
FleetSafer® by Cogosense is a software solution for smartphones and tablets that automatically detects driving status and enforces compliance with corporate safe driving policies.
https://www.evansjones.eu/fantastic-apps
Onc!..FCC's Distracted Driving..FleetSafer has multiple trigger options (including GPS, OBD or Telematics) for detecting driving state accurately. They also offer flexibility that large corporate fleets require to meet their diverse needs.
https://www.fcc.gov/general/distracted-driving-information-clearinghouse
The National Safety Council
Technologies Can Reduce Cell Phone Distracted Driving
Cell phone blocking apps and devices can help drivers stay focused on driving. They prevent drivers from making or accepting calls, texting or accessing the internet.
https://www.nsc.org/road-safety/safety-topics/distracted-driving/technology-solutions
The National Institute for Occupational Safety and Health (NIOSH)
Distracted Driving at Work
https://www.cdc.gov/niosh/motorvehicle/topics/distracteddriving/default.html
6 Mobile Applications to Prevent Distracted Driving Accidents
FleetSafer Mobile
http://www.ahgarage.com/car-care/2014/may/6-mobile-applications-to-prevent-distracted-driv.aspx
Dale Earnhardt Jr. Encourages Drivers to Avoid Distracted Driving
..FleetSafer is the first solution to help ensure compliance with Federal Motor Carrier Safety Administration rules requiring mobile phone calls made by interstate truck and bus drivers to be both "one-touch" and hands-free.
https://www.aol.com/2013/04/02/dale-earnhardt-jr-encourages-drivers-to-avoid-dist/
Four Technologies That Curb Distracted Driving
FleetSafer
https://utilityfleetprofessional.com/departments/technology/four-technologies-that-curb-distracted-driving
Coleman, Chambers & Rogers, LLP
FleetSafer Mobile App
https://www.colemanchambers.com/Personal-Injury/Distracted-Driving.shtml
ONCI! Added integration with Cisco's Meraki MDM
Updated to support iOS 11
Sep 22 2017
https://itunes.apple.com/au/app/fleetsafer/id957483278?mt=8
System's engineers open door's for potential clients.
ONCI! FleetSafer from CogoSense Technology is a software solution for Sonim
https://sonimtech.com/index.php/partners/applications/application/CogoSenseTechnology_162/application
Application Partner, Solution.
https://sonimtech.com/index.php/partners/applications
ONCI! Vista Point Advisors Mergers and & Acquisitions Q3 2017
Page 15
Announced M&A Transactions
Cogosense acquired by ON4 Communications
http://vistapointadvisors.com/wp-content/uploads/2017/10/Software-Update-Q3-2017.pdf
ONCI! per fins.
Page 14
..On August 17, 2017..letter of intent to purchase
..At April 30, 2018 the Company had paid $225000 towards the overall purchase price of $2.6 Million to acquire 100% of CogoSense company, including its technology assets, revenue, stream and customer base.
https://backend.otcmarkets.com/otcapi/company/financial-report/196024/content
The letter of intent was from 9 months ago. Onci collected $1 million in revenue (partially in cash) in the last three months. We are owners of Cogosense by law hence we are paid for software-App sales.
Onci! the word's in financials Q1.
..The acquisition deal is expected to close by the end second quarter 2018 (i.e. by April 30 2018).
https://backend.otcmarkets.com/otcapi/company/financial-report/188995/content
Meaning.. administration and ownership to complete, does not say "expected to pay in full". Partial payment was made for "100% ownership".
GLTU
Onci! Yummy chart and of course Barchart Buy alert.
https://www.barchart.com/stocks/quotes/ONCI/opinion
Onci! good morning my friend, Per fins slightly up 4.4B, no worries with reduction coming.
GLTU
ONCI! IMO today's actions may accelerate share reduction-or-name change if all monies is allocated-paid. I think we will surpass .005 shortly. Appears flippers are frustrated.
Lam completion per fin's, share reduction, CEO landing multi million dollar deal and green today with 144.
All the best.
ONCI! Hard working folks like our CEO is ridiculed yet rich guys like Micheal Dell..
..Without admitting or denying the SEC’s allegations, Dell Inc. consented to the entry of an order that permanently restrains and enjoins it from violation of Section 17(a) of the Securities Act of 1933..Schneider consented to settle the disclosure and accounting fraud charges against him without admitting or denying
https://www.sec.gov/news/press/2010/2010-131.htm
Oligarchy that is how it transpires no accountability. The more important thing is our company and partners are hard working folks and many will see enormous gains in the next few months IMO.
Sometimes you just follow your gut.. more buys today than sells and that nice Big Green Candle.
ONCI! I haven't finished celebrating my friend, quadruple gains soon, diminished debt.. 29 years from retirement.
Life is grand!
ONCI! Buy Vol. 39,689,266 Sell Vol. 36,265,709
https://ih.advfn.com/stock-market/USOTC/on4-communications-inc-ONCI/trades
40 minutes left. July-Sep Share reduction, 3 private labels, Carmax, Autonation, increase in Revenue, Accumulating. .0062 is coming, only going to get better.
Onci!..“In addition, we are looking at ways to unlock shareholder value in everyway as we open new opportunities and look to capitalize at every turn.”
https://www.otcmarkets.com/stock/ONCI/news/On4-Communications-CEO-Issues-Letter-to-Shareholders-Including-Updates-on-Current-Operations-Cannabis-Hexagon-and-Reduct?id=190908
Shares sold to take debt of the books perfectly sound/legal not unjust enrichment. Share reduction negates any bad taste next month IMO raising share holder value.
GLTU
Onci! Strong Buy
https://m.investing.com/equities/on4-communications-technical
.. In addition we are in negotiations with another two agencies that cover big box retailers such as Target and Best Buy to represent bSafeMobile
Uber..Fleetsafer is the play and we have to make adjustments to the software to do what they need done. Our tech team is working on this ASAP.
https://www.otcmarkets.com/stock/ONCI/news/Letter-to-Shareholders-to-Discuss-Activity-With-ON4-Communications?id=182536
Barchart Buy
https://www.barchart.com/stocks/quotes/ONCI/opinion
ONCI Undervalued Morningstar
http://quotes.morningstar.com/stockq/analysis-report?&t=PINX:ONCI®ion=usa&culture=en-US&ops=clear&version=RET&cur=&e=eyJlbmMiOiJBMTI4R0NNIiwiYWxnIjoiUlNBLU9BRVAifQ.voHMJb8dtd2CObUXyUdf6w0qqbEIln5Tm7IvH-UWhBpkKC5t6PPaQUXiZgpb_QtUieN8n8zeCe83bCqUVpKa_OoEzPxAK_U3XNjkb84Jllf1MRSyIIccv_LenK9KFAPc-Z5ZAEZfNaNbMsux6s12t7AWvOYihLJ014QSXLOJ74M.PmPFMKd8Y823yIc9.V-iqE9Xj8Vi1iNSTMAwKN6rLIO_2aIuqwdO2Tg-NZy71etcd6CLrfCk8ectnXCVFO0vARiZ6WHCDnL1mZTPMnCkCVwxMYCDvLFe1dIm0oVHu22UbF1pLv6LKT1AGnZK6YHUHavTWJqMn9aZf7FIk-H-FEASQmnXcuxfZNWzRNjVaRqGlR1dwiHnIcm1YVIDmcfePy_ZDuia2kpPloFqTCDs9R541UsBdMWq5l1o.oCZNDo4rwWNBvIpwCnS5Ew
Carmax Morningstar 4.4 out of 5, Market Cap $12.8 Billion
http://cobrands.morningstar.ca/ProfileService/report/pdf/7AVeC9IEuZ/en-CA/0P0000012P/ST/Quote
ONCI$$$$ Carmax, Autonation, private label Target,Best buy, Uber?
Onci! $ 165.59k 2 hours, 160 trades.
https://ih.advfn.com/stock-market/USOTC/on4-communications-inc-ONCI/stock-price
Break .0062 summer bull run. West coast folks awake now.
ONCI! correct per SEC & court records.
Sec Order of sales within the scope of law. Selling shares at .0033 and not at .0192 is not a PD strategy.
Cash per fins plus funds raised should cover Delaware Debt.
Share Reduction July ^-_-^
Why do I say July because Lam matures Per Court order *settles July 14, unlikely LAM will hold small amount to collect interest or gorge on admin fees.
Carmax
..During fiscal 2018, we grew total revenues $17.1 billion..
http://s21.q4cdn.com/483767183/files/doc_financials/Annual%20Report/2018/FY18-ARS-Final-Printed-Report.pdf
Autonation
..generating an estimated $21.4 billion in revenue, the most of any public dealership group.
https://www.google.com/amp/s/www.forbes.com/sites/joannmuller/2018/01/16/how-autonation-americas-biggest-car-dealer-is-future-proofing-its-business/amp/
Carmax & Autonation combined over $38 billion topping the number OTC stock last year. ONCI needs Less than quadruple Zero 1% of those sales to reach over $100M in Revs.
Page 15
..liabilities totaling $1,286,086 are no longer reasonably enforceable and accordingly they have been written off to Additional paid in capital.
https://backend.otcmarkets.com/otcapi/company/financial-report/196024/content
GLTA
Best of luck with TGGI. I don't have PM and good news is out.
regards
Onci! Signed Carmax and Autonation.
Carmax
.. 16 analysts who cover the stock, nine rate it a "strong buy"
https://www.google.com/amp/s/www.nasdaq.com/article/carmax-reports-june-22-cm979238/amp
..During fiscal 2018, we grew total revenues $17.1 billion..
http://s21.q4cdn.com/483767183/files/doc_financials/Annual%20Report/2018/FY18-ARS-Final-Printed-Report.pdf
Autonation
..generating an estimated $21.4 billion in revenue, the most of any public dealership group.
https://www.google.com/amp/s/www.forbes.com/sites/joannmuller/2018/01/16/how-autonation-americas-biggest-car-dealer-is-future-proofing-its-business/amp/
Onci! Morningstar Undervalued
Quantitative Valuation
Undervalued-Last Price is below Morningstar’s quantitative fair value estimate.
http://quotes.morningstar.com/stockq/analysis-report?&t=PINX:ONCI®ion=usa&culture=en-US&ops=clear&version=RET&cur=&e=eyJlbmMiOiJBMTI4R0NNIiwiYWxnIjoiUlNBLU9BRVAifQ.voHMJb8dtd2CObUXyUdf6w0qqbEIln5Tm7IvH-UWhBpkKC5t6PPaQUXiZgpb_QtUieN8n8zeCe83bCqUVpKa_OoEzPxAK_U3XNjkb84Jllf1MRSyIIccv_LenK9KFAPc-Z5ZAEZfNaNbMsux6s12t7AWvOYihLJ014QSXLOJ74M.PmPFMKd8Y823yIc9.V-iqE9Xj8Vi1iNSTMAwKN6rLIO_2aIuqwdO2Tg-NZy71etcd6CLrfCk8ectnXCVFO0vARiZ6WHCDnL1mZTPMnCkCVwxMYCDvLFe1dIm0oVHu22UbF1pLv6LKT1AGnZK6YHUHavTWJqMn9aZf7FIk-H-FEASQmnXcuxfZNWzRNjVaRqGlR1dwiHnIcm1YVIDmcfePy_ZDuia2kpPloFqTCDs9R541UsBdMWq5l1o.oCZNDo4rwWNBvIpwCnS5Ew
Onci undervalued will vastly grow from strong support from the top two Auto leaders.
Glta
Onci! Signed Carmax and Autonation.
Carmax
.. 16 analysts who cover the stock, nine rate it a "strong buy"
https://www.google.com/amp/s/www.nasdaq.com/article/carmax-reports-june-22-cm979238/amp
..During fiscal 2018, we grew total revenues $17.1 billion..
http://s21.q4cdn.com/483767183/files/doc_financials/Annual%20Report/2018/FY18-ARS-Final-Printed-Report.pdf
Autonation
..generating an estimated $21.4 billion in revenue, the most of any public dealership group.
https://www.google.com/amp/s/www.forbes.com/sites/joannmuller/2018/01/16/how-autonation-americas-biggest-car-dealer-is-future-proofing-its-business/amp/
Onci will vastly grow from strong support now from the top two Auto leaders.
Glta
Onci! FINRA’s Response To Request For Help: Call Someone Who Cares
..I had an experience with FINRA this week that cannot go without comment, as it highlights one of the biggest issues that my clients and I have with FINRA.
..I do firmly believe that FINRA has an obligation to its members to help them with compliance, to answer questions and to provide guidance. It is ridiculous for FINRA to refuse requests for assistance and, instead, simply to wait and watch to see if members who unsuccessfully seek help are somehow able to figure it out for themselves, and then deny applications (or bring Enforcement actions) if they cannot.
FINRA doesn’t seem to understand why its members are so frustrated and angry. It is events like yesterday’s that are part of the reason.
https://www.bdlawcorner.com/2016/03/finras-response-to-request-for-help-call-someone-who-cares/
Why Finra needs to fix BrokerCheck now
..While the system provides access to up-to-date and accurate information on an adviser's record, it also publishes mere accusations, convenient settlements and decades-old misdemeanors
http://www.investmentnews.com/article/20160603/FREE/160609967/why-finra-needs-to-fix-brokercheck-no?X-IgnoreUserAgent=1
How frivolous customer disputes can be erased from Finra BrokerCheck
..Designed with good intentions, BrokerCheck can oftentimes provide a sort of online early warning system for prospective clients looking to place their money with a trusted source. Alternatively, BrokerCheck can raise erroneous red flags on advisers with disclosures that may not be appropriate — or worse — lack merit entirely
http://www.investmentnews.com/article/20160823/BLOG09/160829978/how-frivolous-customer-disputes-can-be-erased-from-finra-brokercheck
In my observation Finra has many flaws additionally having to reason with none Professionals.
Onci! Current and in pink, not in the Greys
How Long Do Trading Suspensions Last?
SEC suspensions for OTC Markets OTCQX, OTCQB and OTC Pink Sheets last Ten (10) business days.
Once the suspension has ended, market makers may re-enter their bid and ask quotes if a new Form 211 is filed with FINRA that includes the Issuer’s current financial information.
Without the new 15c2-11, the trading symbol will remain a Caveat Emptor or skull and cross bones
http://otclawyers.com/how-does-a-trading-halt-affect-the-otc-issuers-stock/
Imo Onci lawyer may use statue of limitation for past Ceo debt and could settle on the Del debt. The past papers have no relavency to staying current but for Otcqb which requires an audit, CEO is confident this will finalize.
Onci! In addition.
Page 15
..liabilities totaling $1,286,086 are no longer reasonably enforceable and accordingly they have been written off to Additinal paid in capital.
https://backend.otcmarkets.com/otcapi/company/financial-report/196024/content
Onci is making money and share reduction near.
Glta
Onci! The Wall Street Journal
Profitability
Gross Margin +90.47
Operating Margin +34.47
Pretax Margin +32.30
Net Margin +32.30
Return on Assets 28.
https://quotes.wsj.com/ONCI/financials
Onci! Morningstar Undervalued.
Quantitative Valuation
Undervalued-Last Price is below Morningstar’s quantitative fair value estimate.
http://quotes.morningstar.com/stockq/analysis-report?&t=PINX:ONCI®ion=usa&culture=en-US&ops=clear&version=RET&cur=&e=eyJlbmMiOiJBMTI4R0NNIiwiYWxnIjoiUlNBLU9BRVAifQ.voHMJb8dtd2CObUXyUdf6w0qqbEIln5Tm7IvH-UWhBpkKC5t6PPaQUXiZgpb_QtUieN8n8zeCe83bCqUVpKa_OoEzPxAK_U3XNjkb84Jllf1MRSyIIccv_LenK9KFAPc-Z5ZAEZfNaNbMsux6s12t7AWvOYihLJ014QSXLOJ74M.PmPFMKd8Y823yIc9.V-iqE9Xj8Vi1iNSTMAwKN6rLIO_2aIuqwdO2Tg-NZy71etcd6CLrfCk8ectnXCVFO0vARiZ6WHCDnL1mZTPMnCkCVwxMYCDvLFe1dIm0oVHu22UbF1pLv6LKT1AGnZK6YHUHavTWJqMn9aZf7FIk-H-FEASQmnXcuxfZNWzRNjVaRqGlR1dwiHnIcm1YVIDmcfePy_ZDuia2kpPloFqTCDs9R541UsBdMWq5l1o.oCZNDo4rwWNBvIpwCnS5Ew
The above is before future contracts, share reduction, today.
Onci! Summary Buy, MA 5-100 Buy!
https://m.investing.com/equities/on4-communications-technical
Onci! Overall bullish, recent candle very bullish.
http://www.stockta.com/cgi-bin/analysis.pl?symb=ONCI
Onci! In addition..
..The alleged defamatory statement must be presented as a fact and not as an opinion. However, an opinion can be considered a fact statement if a reasonable person would have interpreted it as such.
..Proving that a statement was published is not usually difficult for a case involving social media.
..If the person who was insulted online was running a business, damages may be shown by the loss of business or profit.
https://www.hg.org/article.asp?id=34430
IMO at the very least a court ordered Injunction for Restraintment.
Onci! I’m my observation Sep-Dec will far surpass above penny position post share reduction.
April 15-18 financials
Page 17
The FMS drive safe App is the first App in this space to be globally distributed on a global basis and it is available in Dutch, Romanian, German, French, Italian, Russian, Spanish, Slovakian.
Page 18
Bfoundmobile App which is a fleet vehicle tracking system to monitor vehicle locations at anytime.
Page 19
Executive offices Los Angeles..provided by the Chief Financial Officer at no cost..
https://backend.otcmarkets.com/otcapi/company/financial-report/196024/content
..CEO Steve Berman states, “We are pleased to announce this contract with a major European Taxi Service with locations in Czech Republic, Hungary and Romania
https://www.otcmarkets.com/stock/ONCI/news/On4-Communications-Announces-a-New-2000-Unit-400000-Contract-for-February-Delivery?id=174517
..We are also pleased to announce that we have been invited to participate in the Dubai International Motor Show from November 14 to November 18 in Dubai, United Arab Emirates. As of Today we have set up Meetings with 3 International Insurance Groups, a large after Market Warranty Group, 2 International Auto Manufactures and a large FNI after Market group. We will be presenting bSafeMobile and bFoundMobile. I will be travelling to Dubai on Nov 13 and returning to NYC on November 19th. The Dubai International Motor Show is attended by every big Insurance Carrier, Auto Manufacturer, Extended Warranty Group and all the big after market industry providers in the world. This is truly an International Affair."
https://www.otcmarkets.com/stock/ONCI/news/On4-Communications-Announces-Over-1000000-in-New-Revenue-Contracts-and-Participation-at-the-Dubai-International-Motor-Sh?id=172390
.."We are also pleased to announce that we have a pilot program with a large Middle Eastern Taxi Fleet with over 10,000 taxis throughout 4 different countries including Saudi Arabia, Kuwait, UAE and Egypt. They have ordered 500 units at $200 ea for a total of $100,000. I will be meeting with the company in Dubai at the Auto Show to negotiate pricing on the remainder of the fleet. We are talking about not only Bsafe Mobile but Bfound Mobile as well."
https://www.otcmarkets.com/stock/ONCI/news/On4-Communications-Announces-Second-Meeting-With-QVC-and-Pilot-Order-With-a-Large-Middle-Eastern-Taxi-Company?id=172718
.. In addition we are in negotiations with another two agencies that cover big box retailers such as Target and Best Buy to represent bSafeMobile
Uber..Fleetsafer is the play and we have to make adjustments to the software to do what they need done. Our tech team is working on this ASAP.
https://www.otcmarkets.com/stock/ONCI/news/Letter-to-Shareholders-to-Discuss-Activity-With-ON4-Communications?id=182536
Heck of an office LA, and looks like the additional Languages requested by BMW and other affiliates is complete and Bfoundmobile or Bsafemobile for Dubai and European deals? Big box IMO could be Target, Best Buy or Uber and An Insurance company.
Glta
Onci! David from IBR states without big box $.025, IMO we could fly well beyond $.025 with everything in the works, exciting time’s ahead.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140534256
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140534476
https://internetbullreport.com/on4-communications-six-of-the-best-from-a-champion-stable/
GLTA
Onci! Imo we can reasonably conclude a favorable line of credit 5% (none toxic) would not have been granted nor would customers sign to buy Onci devices and pay for license to sell apps such as Carmax a well respected dealer nation wide.
Page 6
Assets oct 31 2017 $3.8 Million
Assets Apr 31 2018 $5.5 Million
https://backend.otcmarkets.com/otcapi/company/financial-report/196024/content
What is an 'Asset Valuation'
Asset valuation is the process of assessing the value of a company, real property or any other item of worth, in particular assets that produce cash flows. Asset valuation is commonly performed prior to the purchase or sale of an asset or prior to purchasing insurance for an asset. Asset valuation can be based on cash flows, comparable valuation metrics or transaction value.
One of the most common ways to value assets is based on future cash flows
https://www.investopedia.com/terms/a/assetvaluation.asp
A company increase assets for profit.
Onci! In addition.
Page 15
..liabilities totaling $1,286,086 are no longer reasonably enforceable and accordingly they have been written off to Additinal paid in capital.
https://backend.otcmarkets.com/otcapi/company/financial-report/196024/content
Win win, less debt more profit.
Onci! 4.2B shares,float 2.5b, $2 million in revenue, x42= $.02. At 70x for electronics $.047.
IBR projected $.025 end of year without big box.