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Agreed. Having direct involvement with dental and medical startups and billing, the dental portion could easily be the most lucrative leg of all of them when rolled out nationally. While I found ONCI while researching MJ, for me as well the apps are an extra. I wonder if many really realize just how much money can be made through the dental leg. If taken national, on its own could do in excess of a billion a year. For this alone, I will hold my shares long. I like the plan for all legs as discussed in the cc, but I believe the dental leg excites me, maybe as I have a working knowledge of it. Great point, glad you brought it up. Looking forward to the future with Hexagon.
Locked and continuing to load. Been here since .0027 and planning on staying till buyout. Going to be a wild ride for all longs.
What a great CC, having owned a billing company and been involved in medical and dental start-ups, this is a phenomenal plan and way to model it for best financial efficiency and profit. Exciting all around. Wish I had ability to buy another mil, but will be happy with my 1.1 mil. Will add as capable, confident in the ride over the next 6 -24 months.
Thanks, makes sense. Even more excited for the cc now.
Thanks, makes sense. Even more excited for the cc now.
I am assuming however, that any big announcement to be given at the CC would have to be preempted or at least simultaneously released publicly in order to avoid possibly insider information? Asking, not contradicting.
Press Release on 10/16/2017 states that we were invited to participate. I guess participation can have different meanings in a show of this type. For ONCI, participation might simply mean attendance, giving us access to many sources at one site. Not sure but just a thought.
Reading concerns about taking on and expanding dental practices as one of the Hexagon legs of business. The average general dentist startup of a 1500 sf dental office with up to 8 treatment/chair stations is just under $400,000. The average gross billings for a general practice is about $650,000 per year and a specialized practice at just over 1 million per year.
Now, keep in mind that the average dentist only works 5-6 days per week until they have reached ROI on the startup cost and then scale back to 3 days per week while keeping close to the same profit margin as 5 day weeks. This is accomplished through reduction in operational cost, primarily in labor and labor related costs.
My point in going though these stats is that the average dr. will not fill 8 chairs all at once. Thus the same office can accually handle 2-3 dentists taking the office gross billings from $650k to over $1.8 million per year in billables. This does not take into account any specialty billings. Times this by 30 locations and this leg of Hexagon could bring in up to or over $54,000,000 per year in billable revenues.
But wait, there’s more. Dentistry has become largely a cash based business, thus reducing the labor and costs associated with insurance billing and followup needed in collections with the insurance companies, not to mention the reductions in payments from them due to U&C charges (Usual & Customary). This is money that is added to the bottom line that in the medical practice is written off by contract agreement with the insurance company.
Of potential advantage is that a large portion of dental patients do not receive treatment due to lack of coverage and ability to pay for routine care and will wait until it becomes problematic and requires urgent care. Urgent care does not necessarily cost more than your regular dentist as they need to stay competitive. Also, urgent care dentistry can also serve as primary or regular dentist. With dental treatment being so expensive, another potential for income is dental treatment financing.
We have not even touched on the elderly dentistry aspect in providing mobile dentistry to the various care facilities or homes of patients. This is also a great potential revenue generator without the $400k startup cost associated with a brick and mortar office. I do not know what SB’s plans are and if they are anything like I have rolled out, but I could easily see this leg bringing in 100+ million in revenues yearly once established and once put up on the market would be a desirable acquisition by another company. Obviously JMO.
News is up on Scottrade.
All good, wish it had been today.
It's not until November 10th, time and number to be announced.
Excellent review. Thanks for sharing and the personal investment.
Amazing list of accomplishments for ONCI by CEO. Once again, Winston has outdone himself with this compilation. Please pass on our gratitude, this really helps to keep things in perspective and just how valuable ONCI/HEXG really is and will be.
That thought gives me million dollar sized goosebumps. Makes holding long so easy and such a no brainer. Great post.
Agreed, well stated. You will be rewarded for your patience.
Many thanks my friend. Gonna be a wild ride.
INSTA, above and beyond as always. Many thanks.
Thank you for the best wishes today, means a lot and the green is a good recovery color for all.
Great point, I believe you could very well be correct.
Excellent analogy Lancelot.
I hope that ONCI/HEXA is not SB's swan song when bought out. I would love to follow him to another start-up. He just seems to have the Midas touch.
Got out of neck surgery a couple hours ago. First thing I did as soon as coherent was to check the L2 and board to find that our faith and trust in Steve and ONCI is solid. ONCI is a monster, it can take a hit, but will one back even stronger. I don't need luck, we have the BERMANATOR! A great thing to see coming out of surgery. GO ONCI!
WOW, how can you not like and trust this CEO. He is truly going above and beyond. I hope that Steve reads this board to know how many of us here have faith in him and are very grateful for his endless hard work and sacrifices he makes. Thanks Steve, as well as all that have stuck it out as longs. We may have tough patches along the way, but ONCI is going to be the promised land for us longs. Just amazing!
Hey Monkeyfingers, they deleted your response, but I agree and hope so.
Agreed, well stated.
SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors.
https://www.sec.gov/news/press-release/2017-176#.Wc2-kdOhM1k.email
"The stock market is a device for transferring money from the impatient to the patient" Warren Buffet
Patience my friends, it is always blackest before the storm and the storm is coming. The Kraken will rise.
Holding long and strong, keeping the faith. ONCI
Agreed.
Great info Good buddy, thank Winston for us.
Great recap, looking forward to the MJ leg as it is how I found ONCI. Only one of many reasons to be long here.
Agreed, a phenomenal CEO and company. Beyond, me why people are selling on this news and performance of SB and ONCI.
"The stock market is a device of transferring money from the impatient to the patient."-Warren Buffet
I'm patiently waiting for my money! ONCI/HEXA
Agreed, banking on it.
You've been pretty good with your predictions thus far, I'm not going to doubt you on this one, I'm banking on it. Looking forward to the next couple of weeks. GO ONCI!
Thank you Shotsky and Goodbuddy. Once again, this newbie has learned something new. Love ONCI and this board, members here have been great. Thanks and GLTA in ONCI/HEXA
Welcome to the fold my friend. In since .0027 - .0036 myself. GLTY
Thank you for that explanation, that gives some clarity for me on the workings of a gap. I'm learning something every day here.
Appears there area few other ONCI insomniacs. Hard to sleep waiting for the up coming news and events.