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Tuesday, July 09, 2019 10:37:13 AM
Turned a net profit of $2.5M with a 46% profit margin,
Received $2M in CASH from sales,
Reached over $10M in assets including an increase of $1.25M of cash invested in the Distracted Driving Solutions business, Cogosense, and the startup Craft Cannabis/CBD business, Sifthouse BC, while the liabilities are only $5.5M (of which only $233K are convertible notes) - resulting in Shareholders' Equity of +$4.75M.
Undervalued? No question. Even the most mundane business catagories command a PE ratio of 10x or better. 10x ONCI's profit over the past 12 months is 10 x $2.5M = $25M. This valuation is over 10x the current market cap of ONCI, which is ~$2.1M when the pps is 0.0006. And ONCI's business categories are anything BUT mundane. A PE ratio of 25+ is likely, IMO, when certain milestones are achieved and it breaks away from this penny mentality that retail has been favoring so heavily until now.
I say this is only possible because a small handful of retailers are playing with 50-100M shares each, and it's been fairly easy to control the price with timed buys and sell blocks during the continuous moderate dilution from the note holders and SB's cash-raising shares over the past year+ -- until anytime now. One announcement of a reasonable breakthrough, and many will be surprised to see that ONCI can run just as fast and hard in 2019 as it did in 2017.
![](http://investorshub.advfn.com/uimage/uploads/2019/7/9/hxohn20190709SummaryONCI.png)
Recent ONCI News
- Form SEC STAFF ACTION - SEC Staff Action: ORDER • Edgar (US Regulatory) • 10/17/2023 06:00:03 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM