is...playing golf most afternoons, except summer in Florida!! Then I'm in the gym most days!
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So, a lot is contingent on the domicile relocation to CO. If it happens, then share structure and SB integrity will receive a major boost. That will be a game changer and all of us longs are hoping it happens soon. I remember back at the conference call SB said the re-domicile should happen within the next week or so. That was awhile ago...
Well said. Our product should sell itself. Everything has changed from sales appointments with big automakers to independent agents and F&! folks at dealerships. Not saying it won't work, but it all depends on sales. SB's pr's are absolutely worthless if the product sits on the shelf. The next 2 q's will let us know if the product is moving. I'm hoping so, but not holding my breath. SB has shown his cards IMO.
New tweet mentions Wheels up? I guess airplane pilots get distracted too right... Or perhaps the fleetsafer product? Anyone have ideas? Was hoping SB's next communication would be something like, uh...i dunno that I could sink my teeth into instead of a riddle of sorts.
Ahhh, so the T-trade (obvious dilution) is the reason buy volume was huge compared to sells. they settled up with a huge T-trade.
I guess we can call it accumulation. The volume of buys over sells is huge, yet pps shrinks....hmmm!! I think maybe the mm's might have something to say about the pps drop. And before you say it cant happen read this opinion about one of the worst offenders NITE.
http://www.penny-stock-brokers.org/mm-nite-shorting/
"There are a few things that you need to know about the market maker NITE. Knight Securities uses the ticker $NITE. This market maker is known for being one of the most abusive market makers in the penny stock market. Most of the popular penny stock brokers route from NITE because they are quick to execute most orders. One thing that I’ve noticed is that NITE tries to screw you over. You have to realize that each market maker has it’s own complex algorithm that tries to make them money. Sometimes they make money by shorting the ask and then covering on the bid. Sometimes when a stock is running and you place an order on the ask and you don’t get filled, it is actually the market maker taking shares on the ask. Then they move up the bid and ask and tries to bait traders into hitting the ask again to sell the shares that they just bought. You’ll also see MM’s shorting a stock as it runs up because they know that it will eventually come down. Think of it this way. If they are able to short a stock at .01 and it runs to .10, you will hear people on the stock forums saying, shorty is going to get burned, or this market maker is short. In reality, it really won’t matter because naked shorting really isn’t enforced and any short will eventually be able to cover if they just keeping shorting more. If they short at .01, .02, .03…to .10 it appears that they are really short.
Then what happens is they keep shorting more at the top say at around .10. Then the promotion is over and then over the next few days the MM is able to short more in the .06 to .08 range. People keep buying because they think more is coming, but the promo is over. The price keeps decreasing over the next month back to .02 to .03 range where the MM is able to cover for a profit. So as you can see the market makers like NITE never lose and it is only the bag holders."
Yep, agreed. SB has to come through with payment, that's for sure.
I'll be the first to admit, I think SB let us down on the 31st (10k) by not letting us know until after market close that he blew it. That being said, I am still long because of the patented products Cogosense brings to the table. It is good to see seasoned investors such as yourself step up and "invest" because of what we have on the table, not just a flip because of the huge dip. Its been a breath of fresh air which ONCI needed.
It's been a rough week. Even though I sold a portion of my position at 3:58 on 1/31, I still hold shares. As I think back on ONCI and SB and all the pr's one thing stands out for me when I should have started to reduce exposure. The twitter bashing/rants with little regard for simple grammar by SB were not what I wanted to see from the CEO of a company I was heavily invested in. What do you think Ford or GM or BMW exec's thought if they saw that? In the future I will hold CEO's to a higher standard because of SB. His lack of basic grammar skills and drunken rants were a red flag to me, but I passed it off, as that's just who he is and what he does. I am accountable to myself only and everything is IMO.
Yep, I'm still hoping for the best, but not holding my breath. My investment philosophy for a long term fundamental play on the OTC is twofold. I have to have confidence in the CEO, and there has to be demand for product. Let's just put it this way, I still believe in the product!!!
Good grief, did you not read what I said "closely", I know what he said and when he said it, and what I said. IMO there was an intent to deceive and I stand by that. And I was responding to a recent poster, so evidently he did not feel it was old news as you suggest.
IMO there was deceit involved for SB to tell a poster here on this board that the fins would be on time knowing full well that the poster along with the rest of the board would believe that audited fins were forthcoming. Back in December he tweeted annual fins would be on time and accompanied that tweet with a page from Mazaars engagement letter. So were we supposed to assume he meant unaudited fins would be released because he never said audited, even though there was that engagement letter from the auditor who was, and some say is doing the audit. Whether one calls it lying, or whatever I couldn't care less. It's deceptive in my book. He knew long before the 31st that there was going to be a problem with "delivering" what we shareholders expected. All the best to everyone, he may turn things around but it will take a lot more than his words at this point...I guess I should add In my opinion....
Totally disagree, ONCI, is a legitimate Co. because of the Cogosense product line. SB is a liability at this point, but maybe he can turn it around and become a man of integrity!!! Ball's in your court SB!!
Because SB said they would be audited. I understand the argument that a lot of pinkie stinkies are not audited, but the shareholders (you and I), were misled, and SB could have let us know much earlier than when he did that audited Fins were not going to happen. He had to have known early on that the Fins were a mess. I'm still hoping for the best because Cogosense has a product line that sells itself. Hoping for the best!!
That would be a very smart move for Mr. Berman. He could retire comfortably and put his shareholders in good hands, and many of us could retire as well. He won't do that though, because of his ego. It's a nice comforting thought though!
I do believe the unaudited numbers, but I also believe this may be bigger than Mr. Berman, which he found out once Mazaars started asking for this and that. He had to have known early on that audited Fins were unlikely, if not impossible with what we now know. The fact that he waited until after market close on the day he promised them is what I have a problem with.
Well said, I agree on all points, except I may be a bit more vocal towards SB's deceitfulness. Best luck, we will need a little with this CEO.
I agree. No argument with that statement. All the best.
I'm convinced it's deceit. But that doesn't mean ONCI is done. Cogosense product line is strong. The rest of Hex is not much.
Seriously, as my 10 year old daughter would say!!!??? He sent texts out to Insta and others saying Audited Fins would be on time. What part of that is telling the truth? And, if he indeed had a contract with Mazaars they would have told him before the last day that there was an issue. I get it, you have a lot invested, but to say he didn't lie is ridiculous.
I'm also a business man, owned them, been there done that. You said SB was honest, and you have your right to that opinion. He has not been honest in my opinion. Do you think a publicly traded CEO is honest when he texts several members of our board that all is on track for audited Fins, and then after the market closes put's out a letter that say's oops, my bad, guess I cant do audited Fins because of back taxes owed Delaware, Tim Owens, etc...Its blatantly deceptive. Mazaars would have given him plenty of notice of any issues before filings were due to handle any potential problems. He should have let his shareholders know as soon as he knew there was a problem with Audit. Do you think he learned all of this the last couple days of January? Nah, don't think so. I'm remaining long because ONCI has a great product with Cogosense...no other reason. SB has been deceptive, therefore is a liar in my book, plain and simple.
Time Warner was a long time ago and a fortune 100 Co. ONCI is a startup and the Cogosense product will get him in the door, but now its time to close. The proof is in the closes...When he closes a big automaker, (and he has pitched the DD products to pretty much all of them) then we will all be happy. Until then, I'm not drinking the Kool-Aid anymore.
I'm long as well, and I mean no disrespect, but you think Steve Berman is honest? If he was honest he would do what he say's he's going to do. Really quite simple. What happened with Ford, Ford Fleet, San Antonio, State of MI, BMW, Chrysler, and on and on. I'm beginning to believe that SB is good at getting in the door, but when it's closing time, he hasn't been able to close the deal. If I'm wrong, and I hope I am, then lets see some proof Mr. Berman, and I'll put back on my cheerleader outfit.
Just got home from a nice relaxing round of golf and checked the pps expecting 002's and was not disappointed!!! Way to go SB keep up the good work!!! And it was nice to read your tweets that all is well in ONCI land!!! Expecting big things (eeerr lies) in the next weeks and months. But I'm not selling because somehow a blind squirrel (eeer a liar) finds an acorn once in awhile. Cogosense product line is a gold mine. Try not to screw it up!!! Sorry for the sarcasm, but he blatantly lied or at the absolute least misled his shareholders by saying in texts to Insta and others that the audited Fins would be on time on Friday. Very shameful, seems you respect your debt holder more than your shareholders to put out the "letter" after the market closed when you knew for days, if not weeks before that Fins would not be audited.
Excellent post!! Spot on!!
Yep found them, thanks.
Here is what he tweeted last night
"yield sign off as soon as u fins are released by opening tomorrow".
Anyone seen them? They are not on otcmarkets.com.
Well written, thank you. I'm not planning on selling the rest of my position for one reason, bSafeMobile and the Cogosense product line. The product should sell itself and I'm in for the long term now. All I ask from Steve is simple. Tell the truth, and do what you say you're going to do in a timely manner. That's all, All the best to everyone.
A good and reasonable way to look at things. I'm still here, just wish we had a CEO who has a bit of integrity and followed through with what he promised!
Absolutely!!! Couldn't have said it better!!!
Sounds good. No interest in listening to you anyway
It's sent only because SB is becoming a scammer. If it's not so, then SB should come out with audited FINS!!! What a joke this guy and Co. has become!!
Blind faith...It's okay though, I'm with all of the OMCI long's, problem is SB has started the excuses. He has now started, where will it end?
The problem is that I'm an investor, and know that an audit is difficult and very time consuming the first time. We, as investors continually heard that the audited FINS would be on time. Now that they are not, a red flag. Not the only red flag, but a red flag. I'm still invested heavily, but unloaded some today with the hope that SB shows integrity and does something other than talk.
I never was a big fan of the audit, because it is out of the hands of the company, AMD usually takes a lot longer to complete then the Co. expects!!! If SB would have said the audit is underway and it could take several q's to become official then I would have bought in. His methodology is not what I want from a CEO. I still have plenty invested and hope he will learn from his mistakes, and even admit them.
You've always been a good, honest poster. I didn't sell based on your posts, I sold based on SB's nonsensical PR. But I do thank you for being real, and not being sarcastic. All the best to you!!
At this point it looks like SB is a liar, and a thief. I'm giving him 24 hours to come up with audited FINS, which I doubt he will, but there is always hope. I should have known with all the alcoholic tweets....that's the one thing that always bugged me...he does not talk or tweet, or spell like a CEO. He tweets like a second grader, or a drunk!!
Yep, 100% agree.
That's reaching, but I hope you're right!!!
Yep, agreed. He needs to step up to the plate with integrity and honesty, otherwise he is what all the bashers have said he is. 24 hours is what I will give him, then I will start bashing.