$ONCI: All Investors Should Turn to Strong Bulls here.....What are you afraid of.....What is the doom and gloom all about?
a. Company has made close to 3 million dollars in revenue in Q1 and Q2, with close to 1.2 million dollars in net income and positive cash flow. The market cap is dirt cheap and lower than net income. Essentially $ONCI has a price to earning ratio of less than 1.
The distracted driving business will do nothing but grow moving forward. Company has recently strengthen its product line and made it compliant with the most stringent insurance compliance. Company has updated its FleetSafer app on June 18 to provide new such service.
b. Company will soon start a new line of business in the huge gift exchange market.....That is 1.6 trillion dollar industry. We shall soon see the gift exchange website up and running
c. As for dilution, the company diluted peanut money during the last six months, relative to other similar companies. In return, company reduced the OS by 1.4 billion shares and preferred by 5 mil to increase shareholder value. During the next 8 months, there are no notes payable. Even the ones with maturity date beyond March 2020 are just for $80,000. One whale investor can buy the whole thing and move on.
Breathe deeply and think for a second. Company now is much more stronger on all fronts from two years ago. This means that CEO did the right job for the business and the stock will follow. This bearish view on the stock ought to stop. Dewmboom issues a Mega Strong Buy rating on ONCI....Soon people will remember this post.
