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You focus on what you want to focus on. I will focus on what the SEC will care about
There is an investigative report from Israel that explains the method. It also mentions by name and photo 2 of OMNIQ's Directors and main shareholders. They basically start a number of shell companies and funnel the money around. I already sold all my stock here, I am just trying to warn others!
They recently redid their whole website just to hide their past and their directors but they are still lasted on their SEC files.
https://13tv.co.il/item/news/domestic/crime-and-justice/moshe-hogag-13-news-inquary-1419597-902721378/
That is because its manipulated constantly by the insiders
Digging further into their latest SEC filing, even this one has a "Share purchase agreement" with a debtor named "Jason Griffith" that concedes all votes to Lustgarten. I believe there is a law against this kind of power grab by one person.
https://sec.report/Document/278165/000149315221010567/ex10-2.htm
Section 4(b) (b): The Holder shall have executed the voting agreement attached as Exhibit A hereto whereby the holder grants the Company’s Chief Executive Officer voting rights with respect to the Common Shares acquired hereunder
WHY ARE THEY STILL HERE??
Who is going to vote them out? all the directors concede their votes to the CEO.
Even their settlement agreements with their creditors have a clause that concedes all votes to the Lustgarten. I posted those agreements a few months ago.
SOME FOOD FOR THOUGHT:
In November last year Yaron Shalem, Guy Elhanani, and several other individuals were arrested in Israel for Crypto Related Fraud, Money Laundering, and more.
A month later, OMNIQ vote both guys for directors of the board??!! Here is their SEC filing: https://sec.report/Document/0001493152-21-032135/
Now here are a couple of letters to the judge in the Celsius Network case. Press CTRL+F and look for Yaron Shalem, or read the whole thing. One guys mentions "An Israeli Crime Ring"...
https://cases.stretto.com/public/x191/11749/PLEADINGS/1174907262280000000078.pdf
https://cases.stretto.com/public/x191/11749/PLEADINGS/1174907262280000000061.pdf
Note that 5 out of 6 of the new directors are Israeli, two of which were arrested. OMNIQ approved them AFTER they were arrested...
WHEN THE CEO KEEPS LYING ABOUT THE FINANCIAL STATE OF A PUBLICLY TRADED COMPANY...FRAUDULANT PRESS RELEASES ARE CONSIDERED WIRE FRAUD...
FRAUD BY MISREPRESENTATION OF A MATERIAL FACT!!!
https://www.investopedia.com/terms/w/wirefraud.asp#:~:text=The%20U.S.%20Department%20of%20Justice,to%20defraud%3B%203)%20that%20it
The accompanying consolidated financial statements have been prepared assuming that we will continue as a going concern. The following are the principal conditions or events which potentially raise substantial doubt about the company’s ability to continue as a going concern:
? Balancing the need for operational cash with the need to add additional products
? Timely and cost-effective development of products
? Working capital deficit of $31 million as of June 30, 2022
? Accumulated deficit of $76 million as of June 30, 2022
? Multiple years of losses from operations
? Multiple years of negative cash flows from operations
The "Uber award" ALL CAPS press release looks like a desperate attempt to pump the stock. The actual Uber press release does NOT mention OMNIQ at all!
https://www.uber.com/blog/uber-reveals-airport-award-winners/
I wish I was wrong, but I think OMNIQ is about to crash and burn. With 2 out of the newest board members (Shalem and Elhanani) investigated for fraud in Israel, it is just a matter of time until Lustgarten is picked up for his misleading and fraudulent PR claims. It is called "WIRE FRAUD"...
https://techtelegraph.co.uk/cfo-of-celsius-named-as-suspect-in-vast-crypto-scam-by-israeli-blockchain-pioneers/
Yeah, I also noticed they recently "rewrote" all their press releases on their website to cover any tracks of HTS or QUEST...
So everything prior to the name change reads a bit like a Freudian slip now, such as:
"In addition to his role as CEO of omniQ, Shai Lustgarten is also a major shareholder and the CEO of omniQ, and as a result, the acquisition constitutes a related party transaction. Mr. Carlos Nissenson, a principal shareholder of omniQ, is also a principal shareholder of omniQ. A special independent committee of the Board of Directors of omniQ was established to consider the proposed transaction, and on their recommendation, the Board ordered an independent valuation analysis and a fairness opinion."
https://www.omniq.com/quest-solution-announces-the-acquisition-of-hts-image-processing-inc-a-leader-in-artificial-intelligence-based-automated-vision-solutions/
Also just noticed that all their settlement agreements with their creditors have the following clause:
"hereby agree that they will not collectively sell more than 10% of the shares of Common Stock beneficially owned by them in any 30-day period (the “Trading Restriction”). The Trading Restriction shall be null and void 180 days after the Company’s Common Stock is listed on the NASDAQ Capital
Market or another national stock exchange. In addition, the Marins agree to execute the voting proxy agreement in favor of the Company’s
CEO, Shai Lustgarten, in substantially the form attached hereto as Exhibit B."
Does that mean we will see a further selloff somewhere around March??
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=100378850&type=PDF&symbol=OMQS&companyName=OMNIQ+Corp.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2018-03-01&CK=278165
THIS STOCK IS GOING TO BE THE NEXT AMAZON!!
This is super frustrating. Something fishy is going on here. Look at the HTS leadership page:http://www.htsol.com/about-us/leadership/
It now says that Lustgarten and Nissenson were Directors since April 2017, But, OMQS acquired HTS in October 2018 under the Quest name.
So this means they acquired it from themselves using our money??
Now look at their SEC filing for the acquisition of Dangot:https://www.sec.gov/Archives/edgar/data/278165/000149315221010567/ex10-1.htm
They created a new entity called OMNIQ Technology. registered it in Israel just a few months before the acquisition: https://www.kycisrael.com/companies/516294444/omniq-technologies-ltd/?add-to-cart=129251&company_id=516294444
WTF?!?!
Sad reality that while others remove the rotten apples from their positions
https://www.coindesk.com/business/2021/11/26/celsius-cfo-arrested-on-charges-tied-to-former-job-at-moshe-hogegs-firm/
OMQS approves Shalem and Elhanani for their board of directors:
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=116331614&type=PDF&symbol=OMQS&companyName=OMNIQ+Corp.&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2021-12-21&CK=278165
Indeed very telling on the ethics of this company as a whole
CORPORATE GOVERNANCE AND
THE BOARD OF DIRECTORS
Board Leadership Structure and Risk Oversight
Our Board currently consists of four members, Shai Lustgarten, Neev Nisenson, Andrew J. MacMillan, Yaron Shalem, Guy Elhanani and Itzhak Almog. Mr. Lustgarten also serves as our Chief Executive Officer and Chairman, and Neev Nissenson
Let us not forget Carlos Jaime Nissensohn who's been doing a fantastic job at staying behind the curtains for 20 years moving all his pawns around the board...
What connects Singulariteam, TAT, NTS, and RADA??
How many dirty CFO's does it take to pump a stock??
Is it time to make some arrests in the U.S.??
Did someone mention "Ponzi Scheme"?? LOL
https://coingeek.com/reports-of-celsius-network-cfo-arrest-could-signal-more-trouble-for-tether/
https://sec.report/CIK/0001716133/Insider-Trades
https://www.timesofisrael.com/3-of-israels-most-hyped-initial-coin-offerings-were-scams-ex-employees-allege/
Wondering why OMQS stock is going down today??
Check out the list of board directors they are asking shareholders to approve:https://sec.report/Document/0001493152-21-025696/
Read the article on top, and make the connections between the directors and the companies they worked for: RADA (Hint: Nissenson Carlos), Singulariteam, Sirin, TAT, NTS communication (again, Nissenson's)
Get the picture??
Toxic CFO's...
LOL. Your capacity for logic, reasoning and fruitful discussion is clearly unquestionable. Kudos for the intelligent response to a well thought out analysis!
Here is a little objective research conducted on this OMQS:
the below was extracted from their own SEC filing:
https://sec.report/Document/0001393905-14-000168/
Prior to 2008 they were involved in different businesses all of which were unsuccessful under the name "Strategic Gaming Investments, Inc"
In August 2008 they changed their name and business strategy. The new business "Amerigo Energy", "The Amerigo Energy’s business plan included developing oil and gas reserves while increasing the production rate base and cash flow"
In February 2013 they they licensed the right to distribute Spirits under the name Le Flav, Which was again unsuccessful and sold back.
In 2013 they received a warning from the SEC that they appear like a shell company: https://www.sec.gov/Archives/edgar/data/278165/000000000013014364/filename1.pdf
In January 2014 they acquired "Quest Marketing". That name is still around and used for bidding on projects.
The "new" strategy was back to alcohol distribution: "Our long-term business strategy is to expand the sales and distribution of our alcoholic and non-alcoholic beverage portfolio and to continue to add branded beverage products with existing revenue and profits from the largest and most profitable beverage categories such as tequila or imported and specialty beer. Entry into a strategic relationship with 24-7 Imports and our opportunity to market our existing and new brands position the Company to compete in these categories."
Then it became Quest Solution, acquired an LPR company via an alter-ego called Teamtronics: https://www.thefreelibrary.com/Teamtronics+Acquires+High+Tech+Solutions%27+Automotive+Pattern...-a0524973519.
Used our money to acquire Teamtronics from themselves, and open consulting accounts in Cypress AKA money laundering meca of the world
A bit of research on HTS shows another failing company acquired for less than it's annual sales with very little innovation to speak of. Every bit of technology claims they make in their recent press releases was already there 7 years ago in their Youtube video:
mRNA technology has been tested for over 18 years and is the future of the biotech. It promises cures for heart disease, vaccines and many more applications. Ignore the conspiracy theorists!
This company has been around for a long time, is more stable than moderna and will continue to grow
Just found these guys. Look interesting!
Finally Delta is Climbing like the airline it is
"Just because a company is publicly traded and has a symbol, doesn't mean it has a viable business."
They surely know how to spin the bad news, LOL
"OmniQ reports strong sales..."
Never mind that their annual sales are down, their COGS are up and their profit margins are significantly down!
Latest financials released. smells like a chapter 11 is brewing. time to sell, sell, sell
Because Lustgarten and Nissenson designed it that way, as majority stock holders, even if they don't manage to pump their stock with the Fake-News PR stories, they still get a hefty salary. Not to mention that Neev Nissenson is the Son of Carlos, AKA Haim Nissenson
https://docoh.com/company/278165/OMQS/insider-ownership-history
If you are not convinced yet, look at the note from the SEC link shared earlier:
"NOTE 4 – BUSINESS ACQUISITION
HTS Image Processing, Inc. acquisition
On October 5, 2018 (“Closing Date”), the Company entered into a Purchase Agreement with Walefar and Campbeltown (the “HTS Purchase Agreement”) (Walefar and Campbeltown are collectively referred to as the “Sellers”). Pursuant to the HTS Purchase Agreement, the Company purchased 100% of the capital stock of HTS Image Processing, Inc. and its wholly owned subsidiaries HTS (USA), Inc. and HTS Image Ltd. (f/k/a Teamtronics Ltd.) from the Sellers."
Guess who owns Walefar and Campbeltown AND Teamtronics??
Drumroll: Lustgarten and Nissenson
So in fact they use our money to buy HTS from themselves pocketing all the change into off-shore accounts in Cypress and Portugal.
As I said, DO YOUR RESEARCH!
These people have a history.
Most of their press releases are old news. Even the one from today is an old install by Eyepax - over 4 years old!
Think equity recommendation at $7.00?? this is their purchase price at $0.35 x 20 of the reverse spilt.
This company is spreading FAKE NEWS.
Look up their "Trade Marks" and "Patents" from recent press releases!
Here is a lookup of PERCS from today's press release. It is owned by someone else...
http://tmsearch.uspto.gov/bin/showfield?f=doc&state=4803:2ea8xr.5.7
It is all FAKE
Look at their financial reports. They are losing $5M annually at best!
Run Away and buy some airline stocks ;)
https://www.sec.gov/Archives/edgar/data/278165/000149315219011731/form10-q.htm
ThinkEquity, a division of Fordham Financial Management, Inc. (the “Placement Agent”), acted as the sole placement agent for the Offering. In connection with the Offering, the Company entered into a Placement Agency Agreement with the Placement Agent, pursuant to which it paid the Placement Agent $400 thousand (eight percent of the gross proceeds) in commissions and reimbursed it for $160 thousand of expenses incurred in connection with the Offering plus other miscellaneous expenses. The Company also issued the Placement Agent a warrant (the “Placement Agent Warrant”) to purchase 1,166,667 shares of the Company’s common stock (the “Placement Agent Warrant Shares”) at an exercise price of $0.35 per share. The Placement Agent Warrant terminates five and one-half years from the Closing Date.
From NOTE 9 – STOCKHOLDERS’ EQUITY PRIVATE PLACEMENT
Do your research.
With you on that Light-man. problem is SEC has bigger fish to fry and are'nt likely to waste time on this.