"On4 Communications is pleased to announce shipment of 2,000 BsafeMobile units to dealer network in Florida"
"On4 Communications is pleased to announce definitive contract for pilot OEM retrofit program with Chrysler for their authorized dealer network"
"On4 Communications is pleased to announce shipment of 10,000 BsafeMobile units to dealer network in California"
"On4 Communications is pleased to announce shipment of 2,000 BsafeMobile units to dealer network in Florida"
These are examples of the PR headings we're likely to see in the coming days and weeks.
The 2017 (Period Ending October 31) income statement and balance sheet both look very good, and are aligned with what longs expected - the same longs that bought the PPS up to 2 cents BEFORE the majority of the sales and distribution contracts were announced! Revenue in the 4th quarter was about the same as the previous 3 quarters COMBINED, and represents 50% growth in just 1 quarter.
Today is the first day of February.
Yesterday's filing was for the period ending in OCTOBER! So many sales and distribution contracts and other commitments have been announced since that time - it will be only 6 weeks from now that we'll see new rev numbers on the books in the Q1 report, in the $Millons. We shouldn't be too surprised if the 1 quarter growth is 200-300%. Or more. But the PPS will be surprised, I have no doubt, if it's still anywhere down in the current price range.
All of this whining about audited, audited, gotta be audited. They DON'T "gotta" be audited! The only time that a small public company's fins GOTTA be audited is when certain traders are disappointed that they were not aware of the opportunity or didn't take the risk and buy in before the price ran up. (or possibly when some "longs" get too greedy and buy in with more than they can afford - and then they want to wag the dog; risk / reward ratio needs to be in check for your own situation)
The only reason Steve got caught up in this muck in the first place is that he thought it was worthwhile to try to please stinkie pink traders (who missed the boat) and back up his numbers with an audit stamp - putting the cart ahead of the horse. Audits are expensive and resource-consuming (which is precious and extremely limited for any startup), and the worst of it comes with an entity that has the kind of baggage that WE (OTC penny/shell investors/traders) have come to expect, but with which Steve has been "lucky" enough to have the pleasure of a few hidden surprises. I'm sure he regrets making the commitment to get audited fins before he had a good auditor actually dig deep enough to ensure there wouldn't be complications delaying the action. But it should be no surprise if/when he shows indignance at these same stinkie pink traders when he's repeatedly insulted and disparaged, even threatened in various ways - about everything just short of being personally assaulted.
Well things are about to change, and we're going to be hearing about it. Word from stinkie pink message boards is that Steve's got a lot of news on deck. We've been hearing about distribution agreements, sales contracts and revenue and we've even had the pleasure of seeing great revenue numbers (and fast growth) - on paper, thanks to accrual accounting. But only now, or recently, the company can see real CASH flow starting. And I have a feeling we're going to have the pleasure of hearing about it. And the accrual-based revs with accompanying receivables on the balance sheet that we see in the upcoming quarterly report in mid-March are likely to boldly underline a significantly undervalued PPS, IMO.
So for those who want to bail, you should bail. For those who want to try to flip for lower cost, well, good luck. If the price goes down enough to make it worth the risk... it still may not give enough time to get shares back at a lower price. As we all know in the penny trading world, it can take many days or several weeks to accumulate shares without pushing the price up out of a target range - and that's if there's no uplifting stimulus.
I'm not real heavy in ONCI, yet anyway. But I sure do get tired of having to read through all the whining rants about audited, gotta be audited. Nonsense! All in due time, let's get up off the floor and walk first.
