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HANDSFREE SATISFIES THE LAW!!!!...GET A PHONEHOLDER...LMAO
“The consumer hates it.” THAT..is..WHY...ONCI..has NO BUSINESS....THE CONSUMER...HATES to be controlled by an APP.
Just put the phone in a holder so it is Handsfree...GAME OVER..
ONCI HAS ZERO BUSINESS....AND ZERO CHANCE of hitting it big.
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.
-----------------------
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.
-------------------------
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.
NOBODY......INCLUDING.....DEWMBOOM....WANTS...the....BSafemobile app...THAT is the problem with ONCI.
WORTHLESS PRODUCT
IF..THE..APP....IS...SO...GREAT...WHY not INSTALL it INTO..your..own CAR?????
Because..IT..IS..LIKELY....ONLY......FICTICIOUS REVENUE.
So you don’t use it? Or it does not work? Guess you can leave a review...LOL
Does...ANYBODY posting here...have Bsafemobile...INSTALLED in their Vehicle
BIGGEST..ONCI..FANBOY....DOES...NOT...OWN...Bsafemobile..according him the most important app in the world.....LMAO
WHY do you NOT...HAVE..Bsafemobile...IN..your..CAR????
DO YOU HAVE BSAFEMOBILE..INSTALLED in..your..own..CAR????
PROOF.....4 REVIEWS....PROVE...not..many Have BEEN...sold.
KEY WORD........FORCING....NOBODY WANTS THAT.
FALSE....YOU MUST BUY...THE..HARDWARE..FOR..FLEETSAFE as well
DOESN’T take into account the SIMPLE..FACT....ONCI..is..a..PROVEN...SCAM
SO...Get an app for $5....a..PHONEHOLDER..or..ONCI’s $200..APP..what..will..people..choose???
NOBODY WANTS a $200 APP.......NOBODY!!!!
You are 100% CORRECT...The store data..shows..a..lack..of..SALES
FACT is that ONCI cannot PROVE any sales.
NOBODY WANTS THE APP.
Should be Stickied...100%...FACT
A/R not paid..9..Quarters..now...ONCI..only..SELLS...SHARES....DILUTION..MACHINE
Just send a check to the CEO...Same result that way.
An APP that is $200 OVERPRICED THAT NOBODY..WANTS.
EASY....NOBODY..WANTS A $175 APP.
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.
-----------------------
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.
-------------------------
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.
LOOK AT THE Accounts Receivable numbers....ANY...ACCOUNTANT...will tell you..that..a HUGE..PROBLEM..exists!!!NO..payments are being made to ONCI.
The Financials are UNAUDITED MADE UP...FICTICIOUS REVENUE....BS
POST..OF..THE..DAY..YESTERDAY....
By Gastric.....You don't sell millions worth of product and receive ZERO new stats on your mobile apps.
Bsafemobile:
The same 4 reviews on Apple App Store, all older than 1 year.
https://apps.apple.com/us/app/bsafemobile/id1109191423
Same 5 reviews on Google Play, newest is from Dec 2017! Has somewhere between 100-1000 installs in all of the years it's been made available.
https://play.google.com/store/apps/details?id=com.cogosense.bsafemobile&hl=en_US
Fleetsaver:
App Store 1 star, 3 reviews, newest is from June 2017... 2 years ago!
https://apps.apple.com/us/app/fleetsafer/id957483278
Google Play has 29 reviews, but 1.5 stars, newest from Nov 2018.
https://play.google.com/store/apps/details?id=com.aegismobility.guardian
This verifiable data does NOT support Steve's claims of selling MILLION$ worth of this product. Again, if he wanted to prove to anyone that this was a legit business he would.... if he could. Instead you get vague PR, hiding behind claims of NDA, horrible attempts and showing some blurry photo of a faceless mystery person in a car dealership customer chair holding up a Bsafe package with no signage or employees pictured.
Really, Really, REALLY weak.
ONCI....LIKELY BANKRUPT SOON.....OUT OF MONEY!!!
CROOKED STEVE is the CEO's NICKNAME......PROVEN LIAR
ONCI is a PROVEN SCAM....booking FICTICIOUS REVENUE!!!....SEC..INVESTIGATING
Which one is a better investment going forward? That should be the main question. I bailed on TRTC last time it was at .50 BEFORE the Reverse split thanks to posters like Magnum
Kevin knows better when TRTC is concerned
AGAIN????
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.
-----------------------
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.
YOU left out the COST OF SALES....Commisions need to be paid or salespeople quit.
There clearly have been little to now A/R payments over the last 9 Quarters.
ONCI is a SCAM
BS..He made $2.million.on.FMS...SOLD..$1.million..in..shares..recently
GO AHEAD.....GO DOWN WITH THE ONCI SHIP....STEVE..WALKS..AWAY..WITH..EVERYTHING.
Sell at .0004....or wait until .0001...YOUR...CHOICE....LMAO
He SOLD $1 Million in shares RECENTLY
CROOKED STEVE....paid himself $2.Million FOR FMS...SCAM..of..the...YEAR!!