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*** DD $$$ ONCI $$$ UPDATE *** 9/26/2017
ONCI Tech claims Illegal according to FCC
https://www.fcc.gov/general/jamming-cell-phones-and-gps-equipment-against-law
In recent years, the number of websites offering “cell jammers” or similar devices designed to block communications and create a “quiet zone” in vehicles, schools, theaters, restaurants, and other places has increased substantially. While these devices are marketed under different names, such as signal blockers, GPS jammers, or text stoppers, they have the same purpose. We remind and warn consumers that it is a violation of federal law to use a cell jammer or similar devices that intentionally block, jam, or interfere with authorized radio communications such as cell phones, police radar, GPS, and Wi-Fi. Despite some marketers’ claims, consumers cannot legally use jammers within the United States, nor can retailers lawfully sell them.
That gap at .0022 LOL, it won't hit that right away, but what is the biggest UP or DOWN gap that you have ever seen?
If by "best" you mean rolling down hill with no brakes on an adrenaline pumping death ride back to the bottom, then yes I agree.
But what if it keeps going another thirty percent in the wrong direction? It's not looking good today here already, could be the start of downward momentum. I just have a sense that reality has smacked a lot of people in the face. Negativity is building. Too many unanswered questions. Contracts? With who? Share reduction? When if ever? Do big car makers and pot mix?
Excellent Observation. It is currently trading at a multiple of 200 times its earnings. That's extremely high and buying in at these levels is very risky.
ZIP Code Changer LOL for Sure!!! A few will make lots of money at this level while the rest will be moving to trailer parks. Sad but true.
Have you emailed Ford with the link to this site which contains ONCI's depictions of smart phone marijuana apps in order to gauge their reaction to doing business with such a. company? That would probably be some really good basic DD for you to engage in since highways are federally regulated and pot is still illegal under federal law. Even if it were legalized it would be highly regulated and drivers would most likely be considered impaired after taking X number of inhalements of the smoke. But maybe that's what the app does? Does it regulate bong hits per mile?
Great DD Tarqwa. To sum it up for everyone, this "retirement" of shares is actually just a conversion to preferred shares which goes into the pockets of insiders, which means his pocket. So this hope for the "great event" that everyone is anticipating will basically never happen because even when it does the benefit to shareholders just isn't there. Disturbing.
So it turns out Chevy does have an onboard system built into their electronics that already does what ONCI claims it does. That's probably why you haven't seen them mentioned in the PRs. Someone posted that Ford has the tech built in also, but I can't verify that yet. Huge R and D departments at these major car companies, so you know it's only a matter of time before they get something up and running. Gotta remember how much liability is at state with onboard electronics. How big of an insurance policy does ONCI carry for accidental death, or will the big car companies be the ones that do the payouts if something goes wrong like happened with Tesla about 5 times in the last year. Thanks in advance for the information.
Back to the Reverse Split, how big will it be when they turn this into Hexagon, and how long will it be frozen for while the ticker symbol is changed? Thanks in advance. Has anyone tried emailing Enterprise, BMW, Ford, or Chrysler with a link to this IHUB material with the pot leafs and buds on the front of the smart phones. Just curious if these companies have ever heard of ONCI. That's all.
Take a look at the PR they put out about getting 3.5 million in financing. They claimed that the NDA would be removed within a week and that it would be revealed who the institution was. Well, several weeks have passed but everyone seems to have forgotten about it. "Just keep buying shares, it's going to keep going up no matter what," seems to be the only thing you need to know here.
Will it be done by a Reverse Split? How much cash do they have on hand to buy up shares?
You are 100% right. No one here is doing Warren Buffet style investing, and that should trigger alarms inside the people who truly understand the full weight of your statement. Once again I've had a member of this board make an excellent point for me. Yes this is definitely not Warren Buffet style investing. Bravo. Hats off to you Sir!
Ok you're right this stock could make you a millionaire. If you buy a million shares at two cents tomorrow for 20k and then it hits $1.02, then you will be a millionaire. It also means that the company will be worth 3.5 billion dollars. Good luck with that.
Potentially more bag holders!
Steve is not an inventor.
It's already trading at a multiple of 200 times its earnings. You're saying it will soon trade at 1000 times that level? See? People focus on the penny price of the stock and rarely think about what it represents in the overall scheme. There are 3.5 Billion Shares. If there were only 3.5 million then I'd say you might have a chance at it, for a minute despite the status of the product itself.
My buddy has a new Chevy truck. He's coming over to watch football later on today. I'll let you know what happens to my Samsung when I get in it. I know it's not a Ford but you never know, maybe the Big 3 are all going with built in tech like this. Thanks for the info.
Ok, now let's talk. What do you think the budget for these auto makers is for their R and D departments? You're talking about an optional phone ap with a plug in device from a 3rd party manufacturer. Let's just set aside the fact that these companies are experts at what they do. Is Steve a tech guy? No he is not. Does he have a tech dept that knows everything about the electronics working inside all of the top manufacturers automobiles? No. Is there a chance that this 3rd party device could interfere with components intrinsic to the safe operation of the vehicle? Yes. That's why they have engineers in house to design safe cars. You can't just have some 3rd party come along and start messing with your on board electronics. Too much liability at stake. Too much research and testing needed. This is why we haven't seen the actual contracts with the dealerships, they can't make this call, it involves engineering and there is too much liability.
It's all about pressure in the system. The pump has to crank at high rpm to keep the price up as preloaders execute their exit strategies. Nice work
That would be a multiple of 10,000 times earnings. What planet does that happen on?
Well yeah it's best to just hold, because it has to just keep going up despite the fact that it trades at 200 times earnings. Wait till it trades at 1000 times "earnings" then do an evaluation. LMFAO
Back to the math. Only 300k in earnings, with a 63 million dollar market cap. That means it is trading at 200 times earnings. So if this hits a nickel that means it will be trading at 400 times earnings. Show me a stock that does this in the real world.
Even if it continues to trade at these insane levels, something new is bound to pop up here on the top 10 and drain money away from this. You have to watch something like this like a hawk. It could vaporize in a week.
63 million at this pps is the valuation for this company. You have to be on drugs to think this thing is worth a fraction of that. What were "earnings" 300 k How many stocks trade at 200 times earnings. Laughable, one day there won't be enough new money coming in and it will burn in
Do you think he retired them on the open market?
100,000,000 on the bid, something is going on here.
Where's the next gap at?
Fake company.
Go look for it yourself. It's in plain sight. Stevie, as you affectionately call him is a very transparent CEO.
Sometimes in situations like this it really helps if you can think like a con artist. Just ask yourself what the perfect play would be. "Hmmmmm everyone is expecting news this week, but if I hold it, then the price will drop...gee I wonder how I could make money off that?" Hope that helps.
Actually it's a shell which is owned by a very legitimate firm that sells them to private companies that want to go public. LDSR has done zero business for many years and everyone here is well aware of that, but thanks for your concern. You just might see this pop up on everyone's radar here fairly soon.
Show me an audited version of the books by a credible agency and I'll revise my suggestion, was not a statement. This co just PRd a revenue sharing agreement with a known pump artist. And the stickies on that board start with something to the effect that, "Keep in mind when doing your DD, would Steve Berman risk his reputation by making a deal with a known con man..."
Well, I think it could easily go both ways. Maybe this Holy Saint Steve Berman should rescind his involvement with a known scam pumper, otherwise, maybe he could be looking at some serious time in the Federal you know what in your you know what penitentiary.
Cooked books. Have you taken a hard look at the books? All you know is what they told you. This is a pink, alternative reporting company. They can get really creative with the numbers. Like I said, I went out and tried to find the product at two of the dealerships they claimed to have set up contracts with and I could not find them. If I can't find the products themselves, then the books are most likely cooked.
All the Major companies have "rescheduled" meetings with Steve. This is another modern pump technique. You basically make a personal cold call, meet with the secretary and she is confused because you are not on the schedule. For a fast talker like Steve, getting rescheduled is a piece of cake. This guy can sell steak knives to a vegan, he's not going to have a problem getting rescheduled for a meeting that was never scheduled to begin with. But, then he can report that he has another big meeting coming up and it gets everyone excited...such a con. These real organizations have zero use for ONCI. None.
Chip, I am not going to name the specific dealerships that I visited. They are good people just trying to provide an honest service to the public and a living for their families. I am telling you that you should go out and do some investigating yourself. Like I said, the "contracts" are big nothing burgers because unless there is a product at the sales point and a customer actually makes the purchase, then there is not sale. Believe me, these dealerships are not buying and holding these units the way a grocery store stocks its shelves. Even if they did have them at the sales sight, there's no guarantee that people will buy them. Why would anyone want their phone disabled inside the car when hands-free options exist already to make it safe and legal?
Down. Strap IN!!!! You are about to crash.
Ever hear of a Bluetooth? Ever hear of speakerphone? Have any of you downloaded the $250 app? Amazing. You're willing to blow money on a worthless paper penny stock, but you won't spend 250 bucks to download the app, and they know you won't download it because it's a POS
All of the dealerships are listed on the PR board. I'm not going to do your work for you, but I strongly suggest that if any of you have any free time this weekend, that you should go out and visit the nearest dealership. The problem is it will be on the weekend and you won't be able to press the sell button.
The truth is all you have to do is do a little bit of digging here to find out what this really is, I challenge anyone of you to go out there to one of these dealerships and talk with the sales guys on the yard or anyone in the office, this thing is an absolute joke.
Well I had to go talk to the mechanic because the head sales guy looked at me lifted up his cell phone and said, " it's like that guy never heard of speakerphone or hands free, that thing Will never sell there's no point. " so when we kicked him out of the office he went out there and tried to sell the mechanics on that deal, I mean the guy is relentless when it comes to selling and he would be great at it if he only had something to sell. So anyway I signed his little thing and got them out of here that way but the mechanics man they almost kicked his ass." So yeah I don't want to get that mechanic in trouble but he did physically remove him from the garage area, the guy is 6 foot five with marine tattoos, looks like a linebacker.