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I prefer to be more optimistic. LAM debt of $600k as of 1/31/18 is now down to about $500. I think we have already gone through two more 40M tranches since then. To pay back $500k of debt we would have to sell $900k of stock at the 45% discount. If we are just talking opinions, I see great news causing share price to increase so at .004 that would mean issuing 227M shares, or at .006 = 152M shares, at .008 = 114M shares, or at .01 = 90M shares. I guess it all depends on how you want to view the company and the share price as to how many shares it will take to extinguish the debt.
36,715,658 x .002331 = $85,584 x 55% = $47,071 off of our bill.
Yes he is still CEO but he has caller ID.
First of all, I like your name. My daughter is in the lion king play and she is playing Nala. From what I understand, ONCI has a rather large line of credit established which is secured by accounts receivable. It’s supposed to be used to pay for the other half of our distracted driving ap so we can get 100% of the revenue. I think it’s supposed to pay for our dentistry venture as well and any other new opportunities. Of course we will pay it back with our profits. But what that tells me is that ONCI has some pretty big deals lined that have not been disclosed for a bank to extend us that kind of loan. That’s my opinion based on some facts. Thanks
Actually BTW we have no idea if Q’s analysis is spot on or not. I will agree that it looks like Livingston is liquidating their shares to pay off the debt; however, we don’t know how many shares it will take nor how long. Furthermore, it was not Steve’s fault, this was old debt that he actually settled a huge discount. I think we can all agree that ONCI will be a stronger company when it is settled though.
Well said.
I disagree, there is no need for a reverse split. The 1.4 billion share reduction took OS down from 3.8 billion to 2.4 billion shares. ONCI had to issue about 100 million shares to Livingston to settle the reduced settlement so now we are sitting at about 2.5 billion shares. The AS was reduced to 4 billion because we don’t need them anymore. There will be no further dilution because all other cash needs will be financed with our line of credit collateralized by our accounts receivable. Steve did say at one point he might have to sell some shares to finance his travel expenses but those should be relatively small. IMO.
My point exactly.
If the free apps are so great why is there still a distracted driving epidemic? Enough said.
Good find and way to connect the dots. I’m hoping that is why Steve and the Cogosense team are meeting in Vancouver next Wednesday. Just one more iron in the fire. All of the big deals take time and i believe they will all start falling into place and we Investors will truly be rewarded.
Sounds like a pretty good day, pps up 25% and pay off $35k of old debt. Thanks for pointing that out.
Well said. Thank you Mary.
Thanks Coz, I’ll take a look at it tomorrow.
We all have opinions some are just better than others. Of course we all think ours is better than the next guys or gals. I think there are several catalysts right now so I would have to respectfully disagree. Distracted driving is huge right now not just in the US but around the world and Steve knows it. He is a great salesman but there is only one of him so he has enlisted the help of several people, mostly commission based, to sell our products to the world. We are in then perfect storm of opportunities.
I suggest you read breezerunner’s post 127144, in which he purchased the product, tested it and completed an incredible, in-depth review. The product is real, people are buying it, and those who believe are going to be very wealthy. Good luck
Why do you hold ONCI to such a high standard compared to other otc stocks? The last two quarterly financials have demonstrated sales and profits. Additionally, you have called and verified the last two distribution deals are legit. You don’t like the delivery timeframe but they are real. I’m sure you have thrown some money behind other companies with a lot less transparency. Steve keeps the investors informed more than any other otc company. What is your agenda? How far does the pps have to fall before you are happy? Will you then buy shares and become a supporter for ONCI or do you just have so much free time that you post on this board out of the goodness of your heart to save some investors from making bad decisions? Good luck.
Why would the pps go to .003 or .004 just because the name of the company is not changed tomorrow? Will the millions of dollars in sales evaporate? Will our millions of dollars line of credit secured by accounts receivable vanish? The company will not lose any value. You can create false expectations and results but just because you want it to happen doesn’t mean it will. I think you overestimate your power of persuasion on the board. Good luck to all and happy investing.
Insta, you seem to have a great rapport with Steve. Can you find out when he states financials are to be completed on time, does he mean 12/15/17 or 1/31/18? This would be great information to have nailed down. There are a lot of different opinions based on a quarterly deadline versus a year end deadline. Thank you sir...
Shana, have you received any more updates from the ceo about the timing of the financials?
Valid argument. I guess I was thinking more of the relationship between ONCI and the current and proposed dealerships as opposed to the consumers finding out about the price difference. Either way I think we are in good hands with Steve running the show. Thanks.
It might be a more complicated issue. If you allow QVC to buy at a substantially reduced price then the auto dealerships would not be able to make a reasonable profit on their sales because they would be competing with QVC. Yes it would be great exposure but it’s a tight rope walk keeping both sales channels happy and the dealerships seem to our bread and butter right now. Just my opinion.
I agree Beau, I’m expecting mid to late January for audited financials. First ONCI has to get their financials completed then 6-8 weeks for the auditors to do their thing. I’m sure they have other clients so we won’t get their undivided attention. I hope I’m wrong but I don’t want investors to have unrealistic expectations.
Berdboy
Have you called Gunther auto group in ft Lauderdale Florida? If all you need is one verifiable customer then call them. Steve named them in a PR.
Incredible review Breeze. Thanks so much for your time, effort and understanding of the product we investors own.
Thanks.
It's my understanding the 30 days over a penny must be immediately prior to the uplisting date. We could be at a dollar or .005 right now and it doesn't matter for uplisting. If we are fully audited on December 31 and want to uplisted then we would need to be at .01 or higher from December 1 through December 30. I could be wrong but that is the way I interpret the 30 day rule.
I agree, I think the dentist offices are a great fit for Hexagon. It's not as "sexy" as a tech company who can bring in large contracts at any time but it will help balance out the revenue stream. There is no seasonality in dentistry, people need their teeth fixed throughout the year. If in three years hexagon has 30 offices, each bringing in $1 million in annual revenues and $400k in profits, I'd be fine with that.
Thanks for all your work Breeze. Great day for us longs...
We must be above a penny for the 30 days prior to the day we uplist which won't be until after year end audits. So sometime after 12/15/17.
From what I understand it doesnt matter that we dipped below a penny yesterday
I'm holding long as well and still accumulating. I don't post often but with my 250k addition today I'm up to 25 million shares. I've been adding since .0009 and average about .0015. Add me to the list of committed ONCI investors.
I've read a few of your posts tonight. Do I understand you correctly that you've seen the ap and helped demonstrate it for a potential customer. If so is it the same as shown on the abc news story? Thanks in advance for your reply.
I agree. My guess is that the share reduction was already factored into the share price. Investors knew it was coming at some point and bought in anticipation. Also the share supply has technically decreased by 1.4 billion shares but we probably won't see much change because they were never up for sale anyway because Steve was never going to sell them. Therefore, until we start seeing some revenue or earnings per share comparisons with the decreased share count it might not translate into a higher pps. However, I am long and am excited about what Steve is doing and the team he is building. He is building a great company and I'm sure there are many contracts and deals we are not aware of yet. Why else would we be talking of building factories and offered credit lines based on receivables. Sorry, Probably more than you wanted when you posted your comment. Of course just my opinion.
Totally agree, I was thinking the same thing.
In my opinion, what we “investors” need to keep in mind is that Mr. Berman is building a great company. The flippers count on PR’s to make money off of the hype surrounding a PR, whereas we benefit from the long term revenue streams created by our CEO. Mr. Berman has a plan and a vision for Hexagon, which is creating 6 different companies that complement each other, each carrying their own weight and producing long term revenue streams. He is running with BSAFE and BFOUND Mobile because that is what is hot right now. He will use those “cash cows” to enhance this APS division, as demonstrated by buying out Cogosense and choosing to manufacture instead of purchasing from other sources. Additionally, its success will fund the growth of the other 5 companies either through their profits or by using accounts receivables as collateral to borrow money. What other penny stock can borrow large sums of money without dilution involved? We have to continue to think long term, and envision 6 companies with products and services, all producing revenues and profits as BSAFE is currently generating. Mr. Berman is not creating 5 other companies because he is board and needs something to do in his spare time. He has a vision for each of them and expects them to succeed as well. Like I said, just my take on it…
You're welcome.
You are missing the number of dealerships. 8 for the first contract and 6 dealerships in the second contract.
Well said...