is...playing golf most afternoons, except summer in Florida!! Then I'm in the gym most days!
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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!
Yeah, thanks for that...been doing this for a lot of years!!!
How about lets have a little fun and see if there are those of us that trade stocks are actually profitable in ONCI, and by how much!!! I would be willing to bet that most of us longs are up well over 100%. Yes, the pps is on a decline, but that's life on the OTC, if we believe in SB, then we are going to hold....for the most part. If one wants to trade the stock, buying low, and selling on the way up or down, and make a profit, then go for it. Nothing wrong with that....it's a market...let's all do what we do!!!
Thank you Mary!!! Standing ovation even! Now that's keeping it real!!!
Say's who? Last I recall SB mentioned that his attorney had an issue regarding posting the letter on a public forum...could that be the reason he only showed us a snipit...I think that makes sense.
Nice chart setup for a nice extended run after the parabolic switch north on the daily!! I'm ready!! Still long and holding!!
Respect your opinion, but you will have to acknowledge that if the PR's are true then ONCI is a good investment. If the PR's are false hen Mr. Berman is in trouble, period.
Mr. Berman say's we have sales that amount to xxxx from a dealership in xyz State or region. You laugh at those reported revenues and scoff at our CEO's remarks? I think those PR's are accurate, and until proven otherwise I'm long!
We are in an excellent position as longs as this stock gains recognition and then revenues. I am very excited about the possibilities, and we'll hear about them in PR's this month. In addition, SR is becoming an awesome CEO!
Yep, for the most part, but lets not forget that the MM's are in the business to hide trades and NOT be transparent in the OTC. T-trades play in to that mindset perfectly.
These t-trades are not dilution imo...some mm's always clear by the eod. Think that's what it is today.
Not trying to be deceptive, but it can (the fact that it has means it can) take more than a year.
Never said there was an NDA required, and yes name changes can take up to a year and longer in many cases despite what you say.
Means nothing, and I'll repeat absolutely nothing. FINRA doesn't care about your timelines as a business. What they do care about is getting it right, and they will take all the time they need. This is a known fact.
Ok stock king. I hear you as a long. Lets go through your points one by one.
1. The CEO is full of chit... He has a verified background and proven success.
2. QVS: he said margins were not acceptable (in so many words).
3. If contracts were real why is pps dropping? Well that's part of trading OTC, happens all the time, continuously. I don't know the answer to that as well, but that certainly won't change my "fundamental" hypothesis for going long.
4.You don't trust the CEO...you're going to have to give us longs more than that. So you say the CEO is horrible (a piece of chit) because the pps is "sucking azz". look at the Nasdaq or other major indices and there will be hundreds of stocks that the pps is dropping with a very successful CEO. CEO's job is to sell sell sell...build something wouldn't you agree? SB is building something with sales!
5. Share count (dilution) will be addressed in the FINS. Many of us feel it has been dealt with and is over.
Here is what I know and believe as a long. I respect your opinion as a short, but:
1. FINRA can take a year or longer....that is a fact.
2. Dilution is either over or almost over based on volume, and t-trades.
3. Dubai, was only a couple weeks ago, and signatures to get deals done in the millions of dollars take time. Let's check back on this in a month.
4. QVC, margins were not good for a start up.
All the best.
What he needs to do and is doing is additional sales/revenue.
Lower volume today...hmmm!!! Looking at shorter term charts, day over day volume slowing...just saying, I liking it.
I think we all need to remember this is the OTC...wild west. If you want to invest in a company that dots all their i's and crosses their t's then their are plenty of those tickers on the Nasdaq and NYSE that can provide a nice return. It seems everyone wants to make massive returns and not have any risk!!
Perfect storm is still on the horizon, but will wait patiently for the "big news", and then the perfect storm will be on the local radar!!! Should be a good December!
Wow, will start looking for some cash. Very nice DD!
OTC stocks go up and down dramatically at times. If you know what you own, you can do pretty well buying dips.
Nonsense, do you seriously think that SB has nothing better to do then open an OTC stock scam, when he has enough to retire comfortably already. And btw, the SEC is VERY interested in current day to day activities of the OTC. Try using google to find out current information instead of using it to support your position. There is still time to do some real DD like the rest of us and add to your 1000 shares!!!
I don't know how you do it....remain so patient and kind. I for one thank you for your posts. The facts are OMVS is a startup, they required dilution for startup capital, and their CEO seems like a credible guy. Simple stuff.
I hear ya, not much we are allowed to say anymore regarding ONCI, especially if we believe SB. ONCI will be in the dimes soon, based on the revenue PR'd. So far, all sales PR'd have resulted in revenue. No reason to think that will change now.
SEC is really cracking down on microcap OTC stocks that are saying one thing while doing another. If SB is not telling the truth in PR's, SEC would shut ONCI down immediately under the current regulatory climate. I'm sure there have been many calls/letters/emails sent to the SEC in regards to the legitimacy of ONCI, and Steve Berman.
Revenues say the same as your bones!!!
I couldn't care less what pps say's today, or the last month or the next month until fundamentals change. We have sales, hence revenue, and hence financing options other than dilution so all is good in an OTC stock. The sales will be verified just like every other listed company, in their Q, and then pps will move up. FYI I'm of the opinion that sales will reach 100 million (or more) for 2018, and thus pps of .70 and upwards. I couldn't care less what anyone else thinks...its my money and I know what I own until proven otherwise.
I've only been on IHUB for several months, however have traded high risk stocks for years. What I don't understand and leaves me scratching my head is how a stock is great one day on these boards, and the next it is a scam. When I bought ONCI I researched what I could about the product (I don't care about the other 5 legs), and what I could find on the CEO. I think in the wild west of OTC land, that is a good starting point. I made my initial purchase, and have averaged up from there. I also sold enough to feel okay if the stock was a bust, which is part of my overall trading plan. Since my initial purchase I've become more and more convinced that we are in the perfect storm regarding DD, and have a patented product that will sell.
All this nonsense of wanting verification is from traders that don't have a clue about how things really work. Our CEO is not required to list client info, nor should he. It's common freaking business sense. If you want verified deals, then wait until the Q comes out and then buy the stock based on verifiable deals. Either you trust our CEO, and what the product offers, or you don't. I will admit, Mr. Berman gets a little excited and may make statements regarding timing of sales, or the name change but for goodness sakes, FINRA will take its time, and could take many more weeks from here. It's out of his control and he must wait on bureaucrats which is not an easy wait for those that want to be millionaires in less than a year by buying this stock.
Didn't mean to write a book, but good grief, this is OTC, and a new company with a great product and a transparent, sales oriented CEO. Let's give him a chance to get this thing off the ground before we throw him to the wolves. I for one, think he is doing a good job!!
Okay, will be sure and adjust my trading strategy based on that astute remark. Or, I may already have a trading strategy!!! Hmmm!!!
Good point!!! Love it!!!