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ONCI up 12% on the week. Enjoy your weekend everyone.
The cure for low prices is low prices. Lows are in so whatcha gonna do??? Sure, we could be range bound for a few weeks OR we could get a rocket boost to the moon nobody knows. Little down side risk here and unlimited upside potential. Especially now that dilution is finished. The only way to win is to be in when the time comes. My money is on Steve. The financials in September will show a very clean balance sheet and reduced shares. Let him do his job. Be sure to review the outstanding DD by recently posted by MoneyForNuthin and mary777.
MUST READ!!! Great post MFN.
June 15 Letter to Shareholders
https://ih.advfn.com/p.php?pid=nmona&article=77677998
"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."
$ONCI
Fill the gap.
Game is just getting started. Players are on the field and we've got the ball. Shares go up and down but our REVENUES and PROFITS are UP UP UP. SB could team with the Marx Brothers as long as he continues to deliver GLOBAL and WORLD CLASS DEALS to the bottom line. But you do you brother.
CATALYSTS ARE COMING AND THE PRESSURE IS OFF. JOIN THE PARTY. LOLZ.
Agreed - get all the things in there.
MFN great post. Your DD is stellar best of luck to all longs.
Just a reminder that bsafemobile isn't even two years old yet. See link for news release.
http://cogosense.com/distracted-driving/press-releases/102-launch-bsafemobile-for-families
I continue to be impressed by the Cogosense $ONCI! people and the tech they have developed.
On a side note, the news release states "bSafeMobile will be available initially through auto dealerships and auto parts stores." which is exactly how this is being executed. All going according to plan. Money.
Everybody makes their own investing decisions. Your mileage may vary. I haven't sold a single share and I've been here 16 months. Thanks to these low prices I have been able to add and average down. ONCI has the products and the people and the price right now is a great deal.
I don't think that will happen. We don't have long to find out. My money is on Steve.
The share price is a product of supply and demand. When more are selling than buying the price drops. A lot of fear has been spread about exacerbating the sell side. I trust the CEO will keep reporting record quarterly revenues and eye watering profit margins and I also trust the share price will eventually reflect the true value here which is much higher imo. SB is many things including extremely optimistic but I don't think he's a liar. He is human and isn't perfect. He has said some things that have not come true, yet, and some promises have been not met. I agree. That doesn't mean he lied about it.
Record revenues growing every quarter. Global.
Shares are reduced. Watch for the next quarterly due mid September.
Agreed it should be pennies by now! The CEO hard at work adding value to ONCI every single day. Buy low. Sell high. News coming.
I added on the way down from .01 and I'll add on the way back up too. We are golden here and worth much more than a penny.
Great post looking forward to more like this!
ONCI - shipping out MANUFACTURED product from a MANUFACTURER. Keep your eye on the prize.
Just imagine.
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"One day cogosense distracted driving products will be mandatory,
just like seat belts"
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BrownMule that would be average 10 units per month each location IMO so annually $11,966,400. SB already said these deals will triple our revenues and we are currently running at roughly $4mil/yr so $12mil/yr would certainly be within range of above. That alone should bump our sp to record levels even if you don't take into consideration any other deals.
Risk vs. reward. Little downside. Upside to old highs. IMO.
Steve didn't say he personally is making the delivery. Even if he is making the delivery himself, nothing says he isn't using a freaking semi truck.
BTW you glossed over the part of the tweet that mentioned Jenkins meeting in Detroit went amazing. Check the yellow pages. Detroit is HQ to major auto players.
How many cars are on the road in the world?
The US publisher Ward's, estimates that as of 2010 there were 1.015 billion motor vehicles in use in the world. This figure represents the number of cars; light, medium and heavy duty trucks; and buses, but does not include off-road vehicles or heavy construction equipment.
https://en.wikipedia.org/wiki/Motor_vehicle
100% agree. My conservative numbers do not do our products justice. But they do demonstrate the potential value of our ONCI. What numbers would you use? The distracted driving technology market is a gold mine and that's why so many here are fighting over it imo.
Hey I just saw this post. I see you are way ahead of me.
Good point DewmBoom plus here is a logical extension to your point... If ONCI fits a device in 1% of the 205 million insured cars and receives $30 profit from each sale then 1% x 205M x $30 = $61,500,000. Stated another way, if ONCI captures one percent of the US market the value is worth over fifty million dollars. This is just the US market - double the numbers for global business. Plug in other numbers as you see fit. For example, 10% market share equals half a billion dollars. This is why SB said this is the greatest opportunity of his lifetime.
"In 2015, there were 205 million cars insured in the US. Sooner or later all of them will need to have distraction prevention apps or you pay more in insurance. It is really not a question of if it is a question of when. If you text and drive or if you use your cell phone to browse the web or buy on Amazon or use facebook you are an insurance risk and you will have to pay more if you use no apps."
ONCI WEBSITES:
BsafeMobile.com
Fleetsafer.com
Cogosense.com
CtheRoad.com
DriveCommander.com
Eyes-up.co.uk
HexagonHoldings.com
Please provide a link to the documents that validate your assertion that an "INVESTIGATION PENDING". Otherwise who will take you seriously.
Did you mean Thousands of Dollars? Millions is the correct number. Millions in revenue. Millions more to come. See the current fins.
Same has happened to me.
Agreed.
I'm not a day trader. Think bigger.
When a ticker is unloved and underpriced it's a buy low opportunity. Unlock the value. Smart investors know this.
ONCI revenues trend is up. Lower share price is a bargain. News will come. Quarterly will be great IMO.
Months of progress here.
You gotta know when to hold em and know when to fold em. The time now is to take a position, add to position, go to the park, fish or hike, and let SB do his thing. Good luck traders. IMO. $ONCI
Kenny Rogers - The Gambler
mikey what entry price are you looking for?
Agreed.