ONCI BY THE NUMBERS
ONCI has been in business for three short years and in that time has built up revenues to very respectable numbers. The annual report released on 12/14/18shows ONCI having total assets of 8.11 million. THE CURRENT MARKET CAP AT TODAY’S PPS IS 4.9 MILLION.
Annual Revenues for 2018 were 4.55 million with a NET income of 1.6 million. That’s profit folks. With 3.36 million in accounts receivable (as of 10/31, when the fiscal year ended), and an additional 2.88 million in 2019 revs on the books with the private label deal, that’s AT LEAST another 6 million in revs for 2019. That does not include any additional revs that may incur, including the 700 units shipped to Pharrel, and the units shipped as a result of the FB and Google campaigns. We could be looking at 8 million + in profitable revs for 2019. THE CURRENT MARKET CAP AT TODAY’S PPS IS 4.9 MILLION.
PPS for any OTC stock conservatively trades at 5x earnings. ONCI should be valued right now at (with the share reduction at 3.1 billion OS) well over .01. Two years ago when ONCI had a mere 55k in revs, it traded higher than it is today. Today’s PPS is a result of uncertainty due to a missed audit that even now a year+ later is still being footballed as a crime when in fact it was explained as being cancelled due to it finding debt with the state of DE to the tune of 336k. After months of negotiation, the CEO paid it off and cleared that debt for $1200. Think about that! As promised, the share reduction was posted to OTC Markets and the promise of finally becoming a CO corporation under the name of Hexagon Holdings was made. This will happen imminently. Oh, did I mention that THE CURRENT MARKET CAP AT TODAY’S PPS IS 4.9 MILLION?
No one can argue that ONCI is not undervalued…just look at the numbers in the financial reports. They scream this loud and clear. And the audit…it’s in my very strong opinion that we will see one for 2019. It’s no crime NOT to have one, most OTC tickers do not perform them. But ONCI/HEXA will deliver, they are delivering now. It’s loud and clear, just look at the numbers. GLTA.
