As you read this, Steve Berman is penning new dilutive convertible notes.
A lot of people are hung up on the Yield Status. I am not one of them.
I had a hunch a while back that ONCI’s Steve Berman was making up unaudited revenue numbers. I and others were right. He was and is.
We also had a hunch that Steve Berman would have to show (sooner or later) that he needed actual real money just as he did in 2017 and late into 2018. He did not disappoint us and has shown that he has issues convertible debt in exchange for cash.
We believed and were proven right that Steve would monstrously dilute shareholders and he did with his recent request to register new shares.
ONCI isn’t about PL’s that never materialize or a Yield Status:
ONCI is about whether or not you should trade it or hold long and Steve has shown all his cards.
If you buy and hold long you will lose every invested penny.
So you ask if I know for a fact? My answer is yes I do. Steve is diluting the common stock therefore it only has one direction to go: down.