I guess the big question is "Will the revenue ever
Post# of 40989
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Posted On: 10/25/2017 12:31:44 AM
I guess the big question is "Will the revenue ever come to fruition?".
Then will the revenue ever be paid?
I once worked for a major video game accessory company as the national credit manager. The company was billing $1 million sales per month. At one point I started seeing $100K invoices going to customers that I never approved credit on. That was important because the company selling it's receivables and receiving up front payments of 70% from the credit insurance company. I questioned these invoices and was told by the controller that these were special deals the owner had worked out with some big clients. I thought to myself, "who was bigger than Walmart". Then the invoices started getting larger and larger, finally topping out at $250K three months later. I knew something was wrong because the $100K invoices started getting credited in full 90 days after they had been billed. And no inventory was ever returned.
When no one could give me answer I quit. Six months later the company got busted for creating phony invoices so they could borrow against their receivables so the owners could go on fancy "sales trips" to the Middle East, Australia, and Europe. They bribed an bank auditor for a Hawaii trip and ruined a $12 million business.. The invoices needed to get larger and larger to cover the earlier amounts and create at least a wash.
So when something smells too good to be true alarms go off. If all of ON4's booked revenue actually makes it to their audited income statement and stays there after six months then I would reconsider.
The stock might not be 1 cent then. It might be 5 cents or it might even be two bits. Or it might be nothing,
Then will the revenue ever be paid?
I once worked for a major video game accessory company as the national credit manager. The company was billing $1 million sales per month. At one point I started seeing $100K invoices going to customers that I never approved credit on. That was important because the company selling it's receivables and receiving up front payments of 70% from the credit insurance company. I questioned these invoices and was told by the controller that these were special deals the owner had worked out with some big clients. I thought to myself, "who was bigger than Walmart". Then the invoices started getting larger and larger, finally topping out at $250K three months later. I knew something was wrong because the $100K invoices started getting credited in full 90 days after they had been billed. And no inventory was ever returned.
When no one could give me answer I quit. Six months later the company got busted for creating phony invoices so they could borrow against their receivables so the owners could go on fancy "sales trips" to the Middle East, Australia, and Europe. They bribed an bank auditor for a Hawaii trip and ruined a $12 million business.. The invoices needed to get larger and larger to cover the earlier amounts and create at least a wash.
So when something smells too good to be true alarms go off. If all of ON4's booked revenue actually makes it to their audited income statement and stays there after six months then I would reconsider.
The stock might not be 1 cent then. It might be 5 cents or it might even be two bits. Or it might be nothing,
Quote:
there's
no other company on the otc that is reporting
$500,000 to $1,000,000+ revenues every single week
after week after week with NO END IN SIGHT !
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