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And now go to jetpay.com and read the PR on their website. UBPS Universal Business Payment Solutions acquired and merged Jetpay, EMS and AD Computing into one company on July 6, 2012. Read the merger agreement. If EMS is now part of this conglomerate being traded as JTPY and ONCO is merging into that conglomerate via EMS.....JTPY trades at 1.71 today. This looks really promising IMO.
Slojab.....my original DD on our new company merge with EMS and it's association with the existing EMS hdqtrd in Cleveland Ohio was correct. Type in our new website www.thechargecardguys.com and also check the website of EMS in Cleveland. Exact match on company logo and our website references headqtrs in Cleveland. EMS in Cleveland has an existing $40 mil annual revenue base. Looks like our new Rochester EMS will be merging with this established company. IMO ONCO is going to see a very successful integration and our PPS will rocket upwards. Don't believe me, check the two websites and company Logo.
Hey Rain.... If our business model is headed down the same path as CYBK, their 52 week range is .0042 - .3490....they are cutting contracts as fast as trades transact. They jumped from .31 to .3490 with new contracts announced and a Private Placement underway. This sounds way too familiar to our current path....I am trying to find their current annual revenue. They traded 4.3 mil shares yesterday. This could become one heck of a rocketship ride for ONCO if this is our path IMO.
Herm.....where have you seen an ONCO vending machine...? Sure hope your right cause if we become a CYBK (Cyber Kiosk)competitor, their pps is .31 today.
GO NABBSS.....lol....!!
Munchkins caving in today with nickel dime trades.
Great reply....!!
Ok I get it, whether it 's done right or wrong doesn't really matter. Now I feel better.
Reality is whether they are connected or not, excellent business model that should deliver some prosperity if done right.
Thx Slo...!!
That's a good idea Slo, thx. Do you happen to have a contact number for him?
Hey Slojab....I saw all the same revenue numbers. And although the companies don't align, way too much blueprint replication. If this is what Hudson actually put together, almost defies sanity....lol.
Stealing a Business Model is one thing....taking the exact name and claiming affiliation with their partner bank.....all still seems way too precise without any relationship. Anyway Slo, thanks for your input. I am just reading and interpreting same as yourself. I guess we will all see the end result over time. I hope all the words deliver tangible results.
Slojab.....checked some addtl sources. There must be some affiliation because they name First Hudson Leasing as their banking affiliation. Their Headqtrs are in Independence, Ohio. But their business model seems to be an exact replica of EMS Rochester. If they are affiliated this is very good news in that they are very successful and growing. If they are not affiliated then EMS Rochester should also become very successful with same business model as a competitor. But I find it hard to believe that they are not one in the same company. First Hudson affiliation. Credit Union partner. Replica business model almost word for word. Way too coincidental IMO.
Thx Slojab....I will reconfirm.
Nabbss....from what I have read EMS was acquired by Universal Business Payment Solutions in July 2012. UBPS was a publicly traded stock at that time. In August 2013 UBPS changed their name to JetPay (JTPY) and are publicly traded today. What I can't determine is if EMS is still part of their corporate group of companies. JTPY last traded at $1.73 PPS. Question is the ONCO merger with EMS really a merger with a much larger corporate group of credit card payment companies under JetPay...? Cashclan any insight here? Does anyone have any DD here?
Does anyone know if EMS is still owned by JetPay Corporation? Jetpay trades at 1.73 pps.
Jetpay is the new name for UBPS Universal Business Payment Systems who acquired EMS back in July 2012. Not sure if EMS broke away from JetPay or stll under their ownership. UBPS was originally a Holding Corp in PA. Anyone have any DD here?
Mick.....I like your spirit and mathematical projections. May they all come true...!!
Munchkin trading in process today.
Lazy.......forgot to thank you for all your past and current DD. Thx so much, it is and was appreciated.
Rainmaker......Perfect assessment and conclusion...!!
ONCO Investors have gone 4 years without ANY plan, so this is a good first step and positive move for us. Kind of hard to become pessimistic after a 4 year wait. Am I reaching you?
A few cave-in's closed our our day with some give aways.
Already there....!!
And man haven't we waited a lifetime to see this action.....!!!
PMunch......haven't seen you here in a 100 years.... !
Welcome back to the board ..!'
Nabbs / Lazy ...... I don 't understand the commentary on Hudson Stock move and EMS....... reflected at the bottom of your post Nabbss
Lazy.....been wondering if you went into hibernation for the winter. Yup we are finally arriving but we have a long straight up perpendicular to experience on PPS. My .50 estimate is probably an understatement. Seeing two banks involved in this merger is what has me motivated here. Well Lazy, welcome back to the Board....!! Good Morning ... !!
Would that be Doc Walker here or another investor?
Rich ...... Good call yesterday. We are there today. I think all of this pre-penny PPS will be dwarfed by the consolidation and roll-up. Once this get's moving I see .50 PPS + and I hope I am under estimating.
Nabbs......not selling one share until we hit .50
Aggressive assumptions but with the participating companies and banks involved could be conservative estimate.
Nabbs.....we have been waiting 5 years + for this train to arrive at the Station. Now the major stockholders can enjoy the growth. This could be something big considering the conglomerate companies. All major stockholders take my earlier and current advice....hold your shares.
Let the children play in their playground. Look what they just transacted ..... $89 for 47,000 shares.
Serious investors sit tight.
This is also shown in Nabbss post below, about. 6 posts down where he asks all shareholders to Lissen Up.
There are a lot of children who own this stock and they are experimenting with their 1st trades so they buy and sell for $10 and $15 bucks. For all of us investors who have majority share ownership, don't be fools, hold onto your shares. Unless someone offered me .50/share.... I remain as I have been for years. Not one share sold or released because all of my conversations with the Doc always suggested a .75/share price but that was before any merger. Keep in mind that my last chat with Doc suggested that a new business was underway and that was only a few weeks back. Well, here we are. Hold your shares until the merger results in the new company and of course give the new company time to prosper. We have been waiting 5 + years for this to happen.
Don 't sell out cheap.
Joel.... And all ONCO investors....read Nabbss post # 6604. Read all the down in full. It states that we will maintain all of the same number of shares of stock under the 251 restructure. That is a great relief.
Joel.....in all the write up's they have stated that ONCO will survive the merger. Your thoughts about reverse split same as mine. I will re-read all the PR and see if there is any hint toward that interpretation. Otherwise RS often results in 10/1 ..... I have seen that take place when a financially healthy private company folds into a public unhealthy company. Onco always operated in the black so looks like we have the upper hand here, but we should re-read all the PR because this is JMO.
Nabbss...... Way to go....!!!
Nabbss, Lazy........wonder where the pack of Day Traders are ... Ever notice how they swoop in like a pack of seagulls when you dont need them and then fly out to ocean when you could use their spirit.....!!
This news has not sunk in yet with existing ONCO investors otherwise there would be a lot more board activity. We investors have all fallen asleep waiting on ONCO news so no one paying attention but as soon as this news gets out times and pps will begin to change for ONCO. Finally something happening with ONCO as shown in Nabbss & Cashclan's posts.
To All Onco Investors......please read Cashclan's post below which starts out with the sentence ..,,.. Maybe this helps"
This is the first news we have received in years on ONCO becoming part of a conglomerate with several other companies. You have to read thru 80% of the Press Release before you see the ONCO inclusion.
JMO but this could become the train we have all been waiting for. Apparently this merger and business restructure will take time..... But considering all the years we have been waiting......nothing new for us.
Thank You Cashclan for providing a business update.