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Well said Shotsky... it’s a juggling act. Having 6 entities under one holding company means Steve can always be working on something even if he is waiting for another to be completed.
Thanks my friend, good to be back.
What is the market value of a company? Investors perception of the value of a company and what they are willing to pay for it at any given moment.
Some suggest a reduction of 1.4 billion shares by the CEO will not have an effect on the share price. The market value of the company is the number of shares times the current share price. At $.0027 per share x 4,500,000,000 shares = a market value of $12,150,000. When the number of shares is reduced by 1.4 Billion to 3.1 B, they will be correct for a brief moment as the market value will drop to $8,370,000 (3.1 billion x $.0027).
However, as investors realize they now own a larger percentage of the company than they had prior to the reduction and new investors realize they can buy a larger percentage of the company for the same amount, the share price will increase. If someone owned 31 million shares prior to the reduction, they would have owned .69% of the company (31M/4.5B). After the reduction, they would now own 1% of the company (31M/3.1B) With a smaller amount of outstanding shares all earnings are divided by a smaller number of shares thus increasing the Earning Per Share and making each share more valuable.
By the numbers, one could say the share price should automatically jump from $.0027 to $.0039 per share as the original $12,150,000 market value is now divided by 3.1 B shares instead of 4.5 B. However, I say there is no limit on how high the share price can go due to the psychological boost created by a CEO finally delivering on a promise he made a couple of years ago. As the CEO keeps delivering, the ball starts rolling downhill, DE debt paid off, share reduction, name change to HEXA, Private Labels being revealed, increased sales, the momentum should continue.
Nobody can accurately predict how high the share price can go but I do feel confident it will go up when the reduction takes place. However, I must put a disclaimer on this, as I was wrong one time back in the 5th grade so I can't be 100% certain. Good luck to all...
The point of the ad is to sell the bSafeMobile Unit. When sales increase, ONCI makes more money. When the financial statements are released with increased revenue and profit then investors are willing to pay more for the stock. The ads are not intended to tell people about the holding company.
Go to Facebook. Search for bSafeMobile. Like the page. When you start scrolling through your news feed you should see the new Facebook ad. This way you can see for yourself that it is legit and not copied.
It’s true. I communicate with SB quite often, typically via text. He told me the ads started yesterday and 9 units were sold. Most did not believe but sure enough the investors started seeing the ads tonight. Believe what you want but it’s the truth. Have a great evening.
Yes it was on my feed too. Very cool to see as an investor.
I just confirmed with SB that the Facebook ads for bSafeMobile will come out today. I hope one of our fellow board posters is in the target audience of moms with driving aged kids so we can see what they look like. This is the only question I asked him so I have no other information. Good luck to all.
Yes that is correct. Fiscal YE is October 31. companies don’t file stand alone results for the 4th quarter only an annual, which is due on January 31.
I agree, if we are close to a deal does not mean we have signed contracts, we are just in negotiations. Not every negotiation ends in a yes right away and in this case it was a, not now. I think it’s a great sign that they did their due diligence, tried other products, and came back to us. They want ONCI or they wouldn’t have come back. 6 months of looking for a better product and they came back with nothing. Now it’s a matter of price and I have confidence Steve will deliver.
I spoke with Steve yesterday via text. The Delaware meeting went great and he was on his way to Los Angeles for the ad meeting with the private label company.
LIVE IN THE NOW!
As a great musician, Garth Algar once said, “Live in the NOW”
Anyone can find weaknesses or poke holes in things that haven’t come to fruition yet but when you objectively look at ONCI, few penny stocks have as much current sales and profit as ONCI. Look at a few incredible things this company has already achieved.
Sales for the first 3 quarters of FY 2018 = $3.2 million with net income of about $1.0 million or 31% of sales. If you add back the one time LAM 3(a)(10) expenses of $725 thousand, the net income for the first 3 quarters is $1.7 million or about 53% of sales, which is incredible and unheard of...
Accounts Receivable is growing and is now at $3.7 million. That could be a bit concerning by itself; however, Cash collected during that time period equals over $1 million. How many companies trading at $.0018 collect over $1 million in cash in 3 quarters? Even more encouraging, $656 thousand of that was collected in the 3rd quarter alone. At an average sales price of $225 per unit, ONCI collected cash on about 3,000 units in the 3rd Quarter alone. To me this demonstrates strong repeat sales because the dealerships have to pay up if they want more units.
Additionally, the reason why ONCI can handle growing A/R is due to its 53% net income percentage (there are not many expenses associated with the A/R). If a company only had 10% Net Income, they would have to finance 90% of the A/R balance, whereas ONCI only has to finance 47% of the A/R balance until they collect it. This is a huge advantage!
The increased investment in Cogosense is also a great sign, paying an additional $575 thousand during the quarter from internally generated profits and additional investment by our committed CEO.
We have a CEO who is determined and committed to making this company a success, validated by the increased Due to Related Parties Account, which has grown from $106 thousand in October 2016 to now about $1.6 million at 7/31/18. Talk about putting your money where your mouth is... Most if not all of his salary and commissions go back into the company which enables us to grow and pay off debt. He has even sold some of his personal shares and put the proceeds back into the company. I think it's admirable but some have interpreted him selling shares as a lack of confidence in the company, which could not be farther from the truth.
For further proof of a great turn around, look at the shareholder's Surplus or Deficit Account. What was a deficit of $2.7 million in October 2016 is now a surplus of about $2.8 million. That is a $5.5 million increase of assets over and above liabilities in less than 2 years.
ONCI has so much potential going forward with a huge private label coming very soon and one in Turkey and another in Europe in the works. A third and final meeting with a large company in Detroit next week, a 75% stake in an upstart Craft Cannabis company, and the 6th leg with more details to follow. Yes we have great things to look forward to but I ask, with increased sales and profit every quarter including a controlled roll out of BSafe Mobile with two Fortune 500 Companies, Auto Nation and Car Max, why aren’t you investing in what we already have? Invest in the NOW!
I don’t want to get into an accounting war with you because I’m sure you would win, but is it possible he shows a net sales figure taking all that into consideration? It seems like everything else on the financial statements are condensed so maybe sales is as well.
Private Label Reveal - per a text from SB, the company has a meeting with its ad agency tomorrow and he doesn’t expect to get anything in writing until sometime next week. Hopefully this helps manage the expectations of those who were looking for something this week.
Nice work ...
I agree, the private label reveal should be epic and I love your choice of words when describing the anti-onci activists, vociferous. Additionally, I think you are correct in that the reveal will be next week. Good luck.
Thanks. I appreciate all your dd and insight as well.
Glass Half Full
In reviewing the Q3 FS and accompanying shareholder letter there is a lot going on. You can pick a part every detail if you wish but I see a lot of incredible things going on and huge potential.
Sales for the first 3 quarters = $3.2 million with net income of about $1.0 million or 31% of sales. If you add back the one time LAM 3(a)(10) expenses of $725 thousand, the net income for the first 3 quarters is $1.7 million or about 53% of sales, which is incredible and unheard of...
Accounts Receivable is growing and is now at $3.7 million. That could be a bit concerning by itself; however, Cash collected during that time period equals over $1 million. How many companies trading at $.002 collect over $1 million in cash in 3 quarters? Even more encouraging, $656 thousand of that was collected in the 3rd quarter alone. To me this demonstrates strong repeat sales because the dealerships have to pay up if they want more inventory. Additionally, the reason why ONCI can handle growing A/R is due to its 53% net income percentage (there are not many expenses associated with the A/R)
The increased investment in Cogosense is also a great sign, paying an additional $575 thousand during the quarter from internally generated profits and additional investment by our committed CEO.
Which brings up another point, have you looked at the Due to Related Parties? That number on the balance sheet has grown from $106 thousand in October 2016 to now about $1.6 million at 7/31/18. Talk about putting your money where your mouth is... Most if not all of his salary and commissions go back into the company which enables us to grow and pay off debt. He has even sold some of his personal shares and put the proceeds back into the company. I think it's admirable but some have interpreted him selling shares as a lack of confidence in the company, which could not be further from the truth.
For further proof of a great turn around, look at the shareholder's surplus or deficit. What was a deficit of $2.7 million in October 2016 is not a surplus of about $2.8 million. That is a $5.5 million increase of assets over and above liabilities in less than 2 years.
Also, in reading the shareholder letter accompanying the financial statements, the ONCI has so much potential going forward. A huge private label coming very soon and one in Turkey and another in Europe in the works. A 75% stake in an upstart Craft Cannabis company, the 6th leg with more details to follow, and rolling out BSafe Mobile to dealerships with Auto Nation and Car Max.
Anyone can find weaknesses or poke holes in penny stocks but when you objectively look at ONCI, few have as much profit and potential for long term growth as ONCI. I am a substantial shareholder so yes I am a little biased but SB has done an amazing job and I look forward to the long term appreciation of shareholder value and associated share price.
Steve just told me the shareholder letter will be out any minute and that we will love it.
Financials out
Steve told me that the financials will be out today. He didn’t specify whether it would be before or after market close but did say they would be out today.
I agree. Although there could be another explanation. I also read recently that we already owned 49% and the $2.6 million purchase price was for the remaining 51%. So the $225k Steve paid last quarter could be what put us over the 50% mark. I’m not sure but I will try to get further clarification the next time I talk to him.
I agree he was not totally forthcoming with the details; however I will gladly trade 100 million shares for 1.4 billion shares in return. The shareholders will be better off.
You might have a point if there was going to be an equal exchange of preferred for common shares; however, even if Steve converts all the preferred to common shares, there will still be a net reduction of over 1.3 billion shares.
Good morning Mary. Will you pm me your email address, there are some questions I’d like to ask you about the company.
Very interesting, a guarantee... What do we get if you are wrong? I believe there are 4.3 billion shares outstanding, soon to be 2.9 billion shares when HEXA approved but I’m not willing to guarantee anything. I’m anxiously awaiting the 2nd quarter financials.
In what world does 4.3 billion shares round up to 5 billion shares?
Thanks again.
Yes, it does help. Thanks for your reply. I guess they took an extra 1,000 shares so it wouldn’t show up as the high bid leaving me with only 9,000 instead of 10,000. But there were two sells below my bid so it seems like they would have to honor my bid even if they weren’t going to show it.
Somebody is playing games. I put in an order for 25,000 shares at the ask price of .034. However, only 16,000 got filled leaving me with 9,000 unfilled. The bid showed .033 all day even though I still had 9k at .034. Two orders were sold lower than my bid at .033 leaving mine unfilled. I gave up and purchased my remaining 9,000 at the end of the day, which cost me another transaction fee. Has anyone else encountered something like that?
I think you are missing the real story. By Steve reducing outstanding shares by 1.4 billion shares, you will own a larger percentage of the company. For instance if you owned 29 million shares before the reduction (total outstanding shares of 4.3 billion) you would own .67% of the company. After the 1.4B share reduction (2.9 billion shares outstanding) you would now own 1% of the company. I’m guessing most own less than 29M shares but it works the same way. It’s a gift for those of us who want to own a part of ONCI/HEXA. The available shares are also being reduced by 1.0 billion shares which tightens up the company’s ability to issue more shares. Steve said the dilution was over and I haven’t seen any reason to believe otherwise.
Look under current assets and you will see $368,437 (deposit held by financier) which is the amount LAM was holding for the sale of the newly issued securities as of 1/31. Under current liabilities you will see some notes payable and convertible notes payable totaling about $475,000 as of 1/31/18. You cannot show the asset without showing the offsetting liability The debt was paid in full after 1/31/18 through the additional issued shares. Mr Berman stated several times there will be no more dilution. It seems pretty simple. IMO.
Nice find...
Mary, have you been in contact with Steve to know if he will be sending out an update today to include cannabis, Colorado, Dental, and other opportunities?
Does anyone watch Designated Survivor on ABC? The reason I ask is because the President’s wife (the First Lady) was just killed by someone who was texting and driving. I don’t know where the story is going to lead but it may further fuel the fire for the need to control distracted driving and the need for BSafeMobile and FleetSafer. Just an observation.
Where’s the T trade you are so sure about?
The way I see it, Steve uses twitter when he has his salesman hat on. It’s like he’s at the table and everyone is giving an update on what they have going on. He tells us about the potential customers he’s meeting with, deals in the works, etc. His tweets aren’t “fluff” as some suggest, he’s just excited about what is going on and is keeping his investors in the loop.
Then sometimes he puts his CEO hat on and he documents in a PR all the deals that have come to fruition (signed contracts) and an occasional company update. These are great for new investors.
Keeping this in mind helps me separate the two and manage my expectations.
ONCI has a lot going on behind the scenes and I believe it’s only a matter of time before the PPS catches up. GLTA...
Are you saying the taxes are already paid since On4 is not listed on the 2017 delinquent tax list?
Thanks for the advice.
Thanks Mary, great confirmation!