Hey Tigerpac,,,here is some proof of Steve's visit
Post# of 40991
(Total Views: 365)
Posted On: 11/20/2017 10:24:59 AM
Quote:
Hey Tigerpac,,,here is some proof of Steve's visit and we are about to see "verifiable" evidence of all of what he has told us!
The key word in all these messages about orders is: ANNOUNCED .
Berman has failed to show that these orders have been delivered or can be delivered. He doesn;t have the capacity right now, only 2000-3000 as Malaysia and all his other wish list facories are not online yet.
Berman pays himself 25% commission on all his announced sales + they will lose 20% of the A/R to a factoring group since the said they are selling the A/R to expedite cash flow. Now figure in what the cost of the unit is? Maybe 13-15% here in the USA/Canada at current selling prices). All of sudden ONCI is down to 40% gross margins when it should be at least double that.
I think you will see those bSafeMobile unit prices of $200-$250 come down significantly within a year. Probably to less than $50 per unit. You will have to pray it's from demand but it will more than likely come from desparation to match the competition.
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