Friday, July 12, 2019 10:36:51 AM
$ONCI: Semi-Annual Financial Performance, ending April 30, 2019
a. Revenue: $2,915,884
b. Net Income: $1,152,333, or 40% of Revenue
c. Cash collected from AR: $1,124,000
d. Payment for CogoSense: $330,000 for a grand total of $1,375,000, or 53% ownership
e. Cash at hand $185,000
f. OS Reduction: 1.4 billion shares that were owned by CEO and returned to ONCI treasury
CEO has a huge stake in company's success. He is sacrificing his time and money to make it a success. Company's success will benefit him and long term shareholders tremendously. As of right now, he is not collecting any money from the company, as he builds it to be stronger. Company now is significantly much stronger than two years ago when the stock was at 0.02. Company now is hugely oversold and undervalued.
Moving forward, ONCI has no notes payable on the books until March, 2020. This means no dilution will occur in the next 8 months. The company filed with the SEC 450 million share offering to raise more money for expansion. The minimum share price in the SEC Form 1A is 0.0024, which is a factor of 4 higher than the closing price on Friday.
References:
https://backend.otcmarkets.com/otcapi/company/financial-report/223377/content
https://www.otcmarkets.com/filing/html?id=13338307&guid=M88xUn_z48tm93h
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