On4 Communications Inc (ONCI)

[tigerpac]

Frankly the only way investors can independently judge the success of bSafeMobile sales is by the number of positive reviews and the app download figures.


The Facebook campaign supposedly sold around 120 units starting in mid -November. 15 people, some that I recognize as shareholders, posted positive reviews since then. Slightly more than 10%.


Amazon reviews totaled only 6 for the entire year that it being sold by Capoli Sales. Again, some of the reviews were by shareholders.


5 reviews from Google Play , all from 2017 with 100+ installs.


Yet we are being told to believe that there has been over $6 million in lifetime sales which at an average of $200 per unit would equal 30,000 units sold.


26 reviews out 30,000 units sold? That just doesn't make any sense if the product is as good as people say. That is why i continue to believe that units sold are nowhere near that amount. Dealers are either being billed for estimated 12 months sales (which have never materialized) or all the units are held in consignments by dealers. Both scenarios explained the extremely high A/R.