This is my opinion
Simply put a reverse merger, though the loi and pr's are vague on this...
As I have been stating dilution to which you agree in my opinion...yes the T-trades strong indicated of dilution as well as trading activity, hence the CEO has been deceptive in my opinion, especially saying there was none and clearly is...
The quick rise and then downward trend coupled with late financials indicates more than a little dilution....
As far as whether the reverse merger completes omvs's history with loi's is questionable..
Whether something is brewing with Verizon and nvidia,
1..Nvidia, what is stated
Robotic Assistance Devices (RAD), an innovator in artificial intelligence and robotics and master distributor for SMP Robotics Systems Corp. has announced it is advancing its complete line of next-generation autonomous robotic guards with the NVIDIA Jetson embedded computing platform....
Simply put it is using the nvidia Jetson platform...
Not partnering but customer based as using nvidia products which is 2 different things..
2, Verizon which is stated...
HENDERSON, NV--(Marketwired - Jun 8, 2017) - On the Move Systems ( OTC PINK : OMVS ) is pleased to announce that Robotic Assistance Devices (RAD - www.roboticassistancedevices.com) presented at the Verizon Operation Convergent Response Conference to over 100 Verizon clients. RAD joined first responders, law enforcement, military, private sector experts and leading tech companies to demonstrate that its SMP S5 Security Guard Robot can play an integral role in disaster and security response scenarios.
The two-day event showcased the ability of RAD's technology to:
Provide high-level security to affected areas, relieving manpower for other purposes.
Add medical triage support through autonomous or remote control delivery and pickup of medical supplies
Provide force multiplication for authorities to issue commands using long-range paging and two-way voice
Provide safe "eyes and ears" in hostage or active-shooter situations.
"This event was an opportunity for RAD to showcase how integral a security guard robot can be to disaster-response teams in a variety of situations from natural disaster, to active shooter and beyond," said Steve Reinharz, Founder and President of RAD. "As emergency agencies continue to refine their response procedures, RAD looks forward to being a part of the collaboration to ensure the safety of our communities."
RAD expects to deploy robots to end users in July. To date RAD has commitments for 15 robots for total contract values of approximately $1.5 million. OMVS is continuing its due diligence process on RAD as part of the binding LOI that was entered into last week for the purchase of 100% of RAD by OMVS. It is anticipated that the acquisition will close before August 10, 2017.
RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
For further information please refer to www.sec.gov
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of On the Move Systems to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. On the Move Systems undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in On the Move Systems expectations.
Verizon is not partnering but only allowed RAD in the event as well as other participants,
Also read the cautionary statement at the end...
Rad has contracts for 15 robots totaling 1.5 million, so that statement suggests that RAD needs 100 K to build each robot...
Rad is in talks with a major distribution
OMVS: Robotic Assistance Devices in Advanced Discussions with Major Distribution Partner
Newsfile
Newsfile Corp.
NewsfileMay 30, 2017Comment
Henderson, Nevada--(Newsfile Corp. - May 30, 2017) - On the Move Systems (OTC Pink: OMVS) is pleased to announce that Robotic Assistance Devices (RAD - www.roboticassistancedevices.com) is in advanced discussions with a major distribution partner for the distribution of its autonomous robotic units in North America. RAD's partner manages tens of thousands of security guards and has thousands of clients.
"We believe that the versatility of your security robots, particularly the all-terrain capability and advanced electronics allowing integration into our client's existing security systems, allows us to offer supplemental security services that will significantly benefit our customers," said a Vice President of the partner in charge of corporate security services. "Our intention is to support and team with you to offer your security robots along with our human guards through our network of locations to our existing customer base."
RAD expects to sign a distribution agreement with this partner in approximately 30 days. The name of the potential distribution partner cannot be mentioned at this time due to confidentiality.
RAD is expected to commence proof of concepts in July and to sign on new clients. This is in addition to the existing 10 robot commitments that were signed up last month for total contract values of $1 million. OMVS is continuing its due diligence process on RAD as part of the binding LOI that was entered into on May 11th, 2017 for the purchase of 100% of RAD by OMVS. It is anticipated that the acquisition will close before August 10, 2017.
RAD currently has a sales pipeline of over 50 Fortune 500 companies and over 25 qualified dealers and distributors that have a combined customer base of more than 35,000 end user corporations.
For further information please refer to www.sec.gov.
Again read the cautionary statement...
As it is rad is not able to deliver any robots as of yet and expects to sign new clients in July...also needs a distrubution partner which means
1 needs funds
2 margins and cost
3 distribution partners
4 expects to sign more clients but no firm commitments...
5 extremely important to read the cautionary statements...
Omvs is a shell with debt and Rad is in dire need of funding to which is why the reverse merger, acquisition, which is stated in a pr..
So whatever rad and omvs is doing is questionable as far as merger or acquisition..2 different things and again deceptive...
So again in my opinion right out the gate after rad and omvs become one, a securities offer and or toxic financing will occur resulting in more dilution...
Why, because rad cannot get conventional financing, which is why it is backlogged, cannot deliver until July at the earliest..
So until rad and omvs merge, omvs is in dire straits, needs money and owes debt...
Rad needs funds and will dilute in the very beginning..
The 500 million. Authorized shares is attractive to Rad for funding...
So best to read the cautionary statements in my opinion...
AI
