Catching Astroturfers
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THE SEC WILL PUT THE CROOKED..CEO..IN..JAIL.for..booking..FALSE REVENUE.
TOTAL BS
HAHA...GOOD..JOKE...CONFIDENCE IN DROPPING..from 1.8 cents...to...0003...LMAO
ummm NO...a HUGE..BUSINESS...makes money...SIFTHOUSE...does not..have..a..LICENSE....BIG..FAT..ZERO..LIKE..all..of..ONCI's..BUSINESSES
DUMPING...and...DILUTION....equal....REVERSE SPLIT..at.. .0001
CEO..MAKING...a..great..living..$1.million......Shareholders...DOWN..HUGE.
CEO..is..a..CROOKED...PUMP..and..DUMP..artist...SOLD...$1.million.in.shares
You know that 1.4.billion.shares were..retired..that..were.not.in.the float.to.begin with.
So there was over 500 million in Dilution.
Important to get your DD right when investing.
NOBODY..WANTS..a..$175..APP...THAT..is..the..MAIN..PROBLEM..with ONCI.
Do you own the app MARY? The biggest pro ONCi poster here does not. Says he doesn’t need it.
There are apps that do the same thing as Bsafe for 95% less money.
There are also PHONE HOLDERS. LOL
Accounts Receivable has not decreased in 27 months...PROVING..FICTICIOUS..REVENUE.
Accounts Receivable NOT BEING COLLECTED.RED..FLAGS.SCAM!!!
The bottom line with ONCI is that every quarter for the past 10 quarters the Accounts Receivable increases by very close to the Gross margin. (revenue - cost of sales)
This past quarter saw Accounts Receivables (A/R) rise by $869,215, After the $635,921 cost of sales is deducted from Revenue you are left with $851,444.
So they are claiming $851,444 for Revenue for the quarter after costs, BUT are owed $869,215 more than the total at the end of the previous quarter.
This means that A/R from the previous 9 quarters has not been paid and that it rose more than the Gross margin in this Quarter. (AGAIN)
This is a VERY STRONG INDICATION OF FRAUD.
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Copied below from https://blog.apruve.com/6-types-of-accounts-receivable-fraud
Fictitious Sales
Accounts Receivable is not actual money in the bank. An employee can fabricate invoices, which will inflate accounts receivable. But who might this benefit since an invoice isn't the same as receiving cash?
Sales people who work on a commission will benefit from an increase in accounts receivables, as it will show an increase in sales. To make this work, someone in control of accounts receivables will have to be in on the fraud.
Red flags for this type of fraud are invoices to fake customers or invoices that do not match the type of business a customer might generate. At some point, these invoices might simply disappear as part of the fraud and go undetected. Internal controls that monitor this type of activity can help with detecting fictitious sales.
NOTE: CEO Steve Berman receives a 12.5% commission on all sales.
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More info from https://www.get.com/stock/2010/03/11/accounting-red-flags-10-things-investors-should-look-out-for/
Accounting Red Flags: 10 Things Investors Should Look Out For
1. Unusual accounts receivables growth. If accounts receivables grow at a faster pace than the company's sales, it can indicate that the company is making bad sales to companies unable or unwilling to pay, which could result in bad debt down the road. It may also indicate that the company is booking revenues before the proper time, which is one of the most common practices within the universe of manipulation. Future sales are simply recognized early, inflating earnings. The tell-tale sign, of course, is accounts receivable growth in excess of reported revenue levels. Studying the dollar amounts is not adequate to spot this. Instead, compare the rate of growth in year-to-year revenues and receivables.
ONCI has higher A/R in six of the past nine quarters than their Gross margin.
Bottom line is that ONCI is NOT BEING PAID for the past 10 Quarters on any measurable A/R at all, or it is made up revenue supported by phony sales contracts. A third option would be that they have shipped units to dealers on consignment but they have not sold more than a few units. This would need to be disclosed to investors. As they have made it look like they are selling 9K to 10K per quarter and that is not possible due to these numbers.
My hope is that this fraud is uncovered by the SEC and that the CEO is prosecuted for these alleged crimes. I hope no more investors lose money due to the fraud committed here. I was fortunate to find out about this fraud in time to avoid losing a lot of money.
WHOLE THING..is..a..SCAM...to FEED...the..CROOKED..CEO
TOO..BAD...CEO..SOLD..$1.MILLION in shares...NO..CONFIDENCE
HEXA...PROMISED...as..”any day now”...TWO..YEARS AGO.
FALSE...THE COMPANY SOLD SHARES...ANY...CASH..is.from..MASSIVE..DILUTION
PURE FANTASY.....FACT...NOBODY..wants..the BSAFEMOBILE..APP.......FICTICIOUS REVENUE..BOOKED
NO Account Receivable payments received..for..27.months!!! PROVEN FICTICIOUS..REVENUE....ONCI..is..a..PROVEN..SCAM
YOU don’t EVEN OWN..THE..APP.....NOBODY DOES...LMAO
WRONG....THE REVENUE IS FICTION...MADE UP..FAKE....NO.DEALS.SIGNED
CEO CLEARLY SOLD $1 Million in SHARES!!!!
ONCI..is..the..BIGGEST..SCAM..on..the..OTC...FICTICIOUS REVENUE!!..CEO..TO...JAIL
CEO and his 100+ LIES..PUMP..and..DUMPs..SOLD $1.Million.in..shares.
ONCI DILUTION will NEVER stop....500 MILLION..minimum per MONTH.
Missed a ZERO....GOING to .0001...then..REVERSE SPLIT..GUARANTEED
ONCI....is..the...#1..PUMP.and.DUMP SCAM on..the..OTC...CROOKED CEO
CROOKED CEO..has...NEVER..PROVEN...one..of..his..100+ CLAIMS
SERIOUSLY??..ONCI will be BANKRUPT..before..SIFTHOUSE..even..gets..started
CEO SOLD $1 MILLION in SHARES!!!!!
CEO..STEVE..has..PROVEN to..BE..A..PUMPING..CROOK...LIAR
ONCI is a PROVEN SCAM...NO PRODUCTS..that..anybody..WANTS.....FICTICIOUS REVENUE
SIFTHOUSE is a JOKE...NO LICENSE..NO..PRODUCT...fits.with..ONCI..THOUGH..LMAO
JULY is always the SLOWEST TRADING..MONTH...DILUTION..CONTINUES..4EVER
ONCI has BILLIONS left to DILUTE..until..the..REVERSE SPLIT
ONCI..is..a..PROVEN..SCAM....don’t fall for it!!!
BUY a PHONE HOLDER!!!
5 BILLION in DILUTION needed.to.avoid..BANKRUPTCY....REVERSE..SPLIT...SOON
CEO LIES at EVERY OPPORTUNITY..PUMP..and..DUMP..is.his.SPECIALTY.
99% of his promises never come true.
BS..and..LIES...ONCI..Filed to sell $1.million..in..shares...The..AS..does..not..have..room..REVERSE.SPLIT needs to happen to further fund ONCI.
OTHERWISE....ONCI faces Bankruptcy.
They only way they make money is through their MASSIVE DILUTION.
MANY PHONEHOLDERS BEING SOLD...NOBODY..wants..BSafemobile.a.bad..JOKE..at..$175
THE..DOG HAS FLEAS EVEN IF YOU RENAME IT.