is...playing golf most afternoons, except summer in Florida!! Then I'm in the gym most days!
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Are you seriously saying that unaudited FINS are okay?
No one is happy about this development Mary. I'm still hopeful, but the only explanation I can come up with is that he wants cheaper shares....at what cost though, lying to your loyal shareholders. I'm very fortunate to have reduced my exposure significantly in the last few minutes of trading today, but I feel for those that are still all in.
Very sad day indeed. I started doubting when I saw the stupid PR about US Warranties. What a joke, that was tweeted over a month ago. Okay, I'm going to sleep on it, and see what SB say's tomorrow.
I certainly hope so, but I doubt it. He seems to be a master manipulator!!
Exactly....lets see if anything changes by 9:30 AM tomorrow. I doubt it. I will reserve judgement until then. Thank goodness I significantly reduced exposure at 3:58.
If so, he will serve prison time...and at this point it may be a reality. I significantly reduced my exposure at 3:58 and I will hold the rest to see if this MR.SB will step up. I'll withhold judgement as things unfold over the next 24 hours.
May be the first time, but I do agree. The next 24 hours are key for this CEO. I'm not optimistic!!!
I just asked him on twitter. I'm hopeful that attorney recommended, or auditors...I don't have a clue why he would send out this PR. Scratching my head for sure. Hope to get an answer, and if I do, I'll share it here.
Edit: I've never talked to SB, texted him, or tweeted him before.
Maybe someone can help me understand why we got a PR of something that happened a month ago. The signature page was posted on twitter over a month ago, and a couple days later he tweets that units are being shipped to US Warranty. What was the point of the PR on the day we are all expecting/hoping for the FINS. Enlighten me please on this!!
Edit: I am long ONCI.
To check short volume in a OTC stock go to otcshortreport.com. Very useful info.
ONCI has done their DD on NECA and thrown it in the trash pile. Nothing will happen with NECA and ONCI/HEX.
There will surely be squeeze and it will come when SB has the cannon fully loaded!!!
Reality is that revenues are increasing. Couldn't care less about anything else for the next few months. It would be nice if fins come out by the 31'st audited by Mazaars, and it would be nice if name change happens soon (and hence the share reduction) but those two things are out of SB's control. What is in his control is revenues. Think about it. Are revenues increasing??? Yes, or no??? Simple really, and that IS keeping it real!!!
If no fins by the 31'st I'll be buying discounted shares. Feel free to sell if you don't believe in the revenue stream. In fact, if I felt the way you described, I'd sell before the 31'st. No disrespect meant, but this is not about the 31'st and audited fins, its about revenue stream and that the projected revenue is reported. That's all I care about. All the best to you.
Thanks for all your info Wrenchman!!! Much appreciated.
For all the longs here, SB has given us plenty to be optimistic about over the next few months. Daily pps fluctuation is just noise. Revenues are increasing, he wants fins audited (I couldn't care less if they are on time or not, as long as they are done), and our product (the only leg I care about until others have a "leg" to stand on) is patented, and in demand. From what I understand, if a driver has an iPhone, then it will be hard, if not impossible to have a distracted driving app that comes close to the functionality of bSafemobile, and FleetSafer without patent infringement! I'm in.
Okay, you got me, especially since my posts get deleted I don't have much of a voice. And then I see a moderator say nice post to you. I am losing interest in this site. Since when is there not an opposing view tolerated.
SB has nothing to prove to anyone. This is his company, like it or not he will make or break it. You obviously feel he has broken it. I believe what he say's in his pr's, and what I've learned on my own, and I also believe those that have actually done a little research like Mary777. If he has lied, he will be meeting Bubba soon. Regulatory agencies have taken a dislike to OTC liars recently. Based on the DD patented product and the Cogosense website do you seriously think SB is a liar and a thief? Your posts are becoming nonsensical, saying he can't be trusted when nothing you say is factual.
Here are the manufacturing numbers per automaker.
https://en.wikipedia.org/wiki/List_of_manufacturers_by_motor_vehicle_production
I don't for a second count on ONCI landing a contract with an automaker, but that is SB's intent, so I'll post the potential. If sentiment changes to the positive for ONCI who knows what pps will be.
Those of you who like to look at numbers, check out these total U.S. sales numbers for 2017 of automakers. If ONCI patents are impenetrable then I would venture to say we get 1 or more this year with more to follow as distracted driving becomes more and more prevalent.
http://www.wsj.com/mdc/public/page/2_3022-autosales.html#autosalesE
Agreed, a lot of pps is based on market sentiment... I think once the share reduction and name change takes place we will see a significant jump. I also think projected revenues need to be in line with those reported in the audited q's. That's why I'm holding until second half of the year.
I'm with you! Significant percentage of my portfolio is on ONCI, haven't seen anything that will alter that percentage yet. I read the boards and certainly understand the other side, except the venom and sarcasm associated with it. Second half of the year I'm expecting big revenue jump!
I would say a 25 multiple is more reasonable, but for startups as I'm sure you know the P/E "can" be off the charts until said company matures a bit and we have more (rev's and costs) to go on. But to your point, if one believes SB (I wouldn't sell my soul, but I'm giving him the benefit of the doubt) then BMW, Ford, Ford fleet, Kareem, Chrysler, and others are all still in play. I for one think there are NDA's in place. If, on the other hand you don't believe SB, or are skeptical, then you expect trips. That's all fine and good, that's why there is a buy and a sell. All the best to everyone! Always be humble and kind...I'm trying!!
Only the bulls that are weak are concerned about daily price fluctuations! This is not a daily right or wrong type of trade that you need to throw in the longs faces. Many of us couldn't care less what the price is until after the 2nd q, or even 3rd q results!
SB is doing everything a pinkie CEO should be doing, and that's concentrating on revenue. He hasn't dotted all of i's and crossed his t's, but one thing he is doing is adding revenue. That's all I'm expecting, and the rest is a learning curve. He's a salesman, he is making deals. If he's lying that's another story. There is nothing in his background that suggests that to me based on what I've learned.
Q3 were filed, Q4 will be part of annual.
All this day to day pps fluctuation is just noise. I'm gonna really take interest toward summer and fall once some nice revenue will be hitting. If it doesn't, then I lose some money. That's it. Some of you act like its the end of the world if this stock goes down and vice versa!! Lots of arm chair QB's here that know exactly what to do and when, and how SB fails at every turn. My New Years resolution is always be humble and kind. So I'm trying!!!
Thank goodness!!
Maybe you missed the 17+million shares purchased yesterday by, dare I say it...perhaps an institution!!! I doubt the conversions are done by looking at the big ask wall most of the day, but I also know there will be fresh money coming into this name.
A multiple of 5 is not in the ball park for a startup with good revenue projections. For example the S&P 500 average is somewhere around 16 p/e. This of course is for mature companies for the most part. This is an OTC startup and a penny stock with tremendous projected revenue growth. So
I would agree somewhere in the 20-40 range with potential for much higher for the first couple years.
LAMS is probably done, nobody will know until Q's. No T trades today, and no one screaming T trades as well. I have no idea if the MM's were just getting their books settled for the day (in days past), but IMO some of those T trades were just that.
Future revenues is part of current PPS valuation for a lot of speculators in OTC land especially. Half empty kind of person...got it.
I've also traded penny stocks and high risk stuff for a long time. I'm not saying its not dilution, but from what I saw on l2 I doubt it. FINRA only requires end of day reporting to clear the books for the day. A MM can actually hold all buys or sells in a given day and report them within a few minutes after close. They often times do this to benefit themselves. Let's also recognize that FINRA and the SEC is for some reason letting the OTC operate without much transparency. It's coming though. IMO
Absolutely agree. I saw nothing on l2 that indicated dilution. I did however see manipulation tactics by MM's. My opinion they were just catching up. And before anyone say's MM's don't manipulate, please save it. I understand that they have an order book with buys and sells. There are ways to manipulate and fake the retail investors out, and they continuously use these for their advantage.
Yes I see it absolutely. You can't see it because it's not visible to the untrained eye!!! But I'm on it utilizing my verification techniques.
Okay now we're on to something. Excellent plan, and once you have reviewed said documents and "verified" the authenticity of each, please fwd them my way and I'll continue with an additional verifiable process of font analysis to corroborate your efforts. We need all the verification we can get of course with this stock. OTC is full of scammers after all!!
It's clear to me that if you turn the engagement letter upside down and then turn it 1/4 clockwise you can see that the font is not the same font as used by most professional CPA firms. Also looks to me the signature was generated by a computer and not hand signed. That point is easy to determine if you examine the quality of pixels in the signature. And to add, I once had credentials as a handwriting expert in a 3rd world country!!! I will get back with further updates as I am about 1/100th of the way through my examination of this so called "engagement letter".
What a great way to start the morning. Longs are eating a nice healthy full breakfast, and the other nice folks on this board are eating crow!
Interesting to see some longs start thinking they are on the wrong side of the tracks, and in a case or two becoming extremely defensive and personal in their posts. ONCI is fine, all OTC stocks go through growing pains. Most OTC stocks don't have a CEO that has a verified track record. Yes he has been known to become irritated and spout off at the folks that attack him, but c'mon that's human nature. I know I've been known to do this in my past as a business owner and I then kick myself for lowering myself to the level of the attacker. I'll become a fierce opponent of SB once I see anything worthy of that. I'm thinking end of January is key for FINS. Would also like follow up on many of the deals-in-the-making. I understand that SB is under no obligation to follow through on PR's, but it certainly rings of professionalism to do so, good or bad (did we get the deal or not). All the best.
I'm thinking we will start seeing some major PR's as soon as the q is released. I'm very happy to follow SR on twitter. Now that Allied Universal is selling our bots we are dollar bound in a few months. This is a no brainer. If you think this is a dilution hole, then continue shorting it. I'll hold and add whenever possible!!! I'll check back monthly!