Well this is par for the Steve Berman course. Everybody placed their faith in him based upon his own tweets about audited financials and her served up a pile of dog sh*t that smells so much he was forced by a shareholder to issue an explanation that he had no intention of releasing. Berman had at least six weeks to tell shareholders, "hey this audit is not going because..." but said nothing because he needed to allow Livingston to sell their shares.
That some of this board are again trying to spin the failure of Berman to release audited financials as "he'll really didn't say it" or "maybe he meant an internal audit" should be a slap in the face to a person intelligence. A lot of very influential board posters insulted a lot of people who dared to question Berman and they should be ashamed of themselves but will probably pretend it never happened.
Those who believe all the unaudited numbers are completely true should always go back to the biggest lie Berman just told and was bought hook, line, and sinker by most of us. Which means all of his tweets and PR's should be taken in the same vein. It looks good on paper but you should probably assume that most of it isn't true.
As far as the Livingston debt goes they haven;t even paid 50% according to Berman's own filings, if you even believe that. 40MM shares were converted on 10/5/17 resulting $149,828 being applied to the debt and the $122,000+ balance was retained by LAM as an administrative fee. Another 40MM shares converted on 1/22/18 at a 45% discount to market which probably was at a net price of .003 = $120,000 . So my figures say that only $269,828 of the $886,000 debt has been paid off.
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Speaking of Livingston let's remind everyone of another one of Berman lying tweets from 10/17/17:
"Yesterday ONCI settled $1.8M of inherited long term debt for $600,000 thats 33 cents on the dollar! $ONCI "
On the botton of page 12 in the unaudited 10-K Berman states it was actually only $1.53 million settled at a 42.1% discount resulting in net settlement of $886,000. He actually settled for 57.9 cents on the dollar, a FAR cry from 33 cents.
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We could go on and on about the lack of info here. No mention dental services revenues which has constantly talked about by Berman since 2016, his other wonder apps that are apparently just a figment of his imagination at this point.
I'm dissapointed in myself here. My personal experience with this company told me me to run far away, yet the greed won out because all Berman had to do was keep his word and execute. Should have been a simple thing to do but the writing was on the wall months ago.
How many times can you say "Please sir can I have another?" .
I'd say that at least half of the bulls here won't believe another word that comes out of Berman's mouth. The rest will say "please sir can I have another? And try to convince you why this will be next 100 million dollar company.
That some of this board are again trying to spin the failure of Berman to release audited financials as "he'll really didn't say it" or "maybe he meant an internal audit" should be a slap in the face to a person intelligence. A lot of very influential board posters insulted a lot of people who dared to question Berman and they should be ashamed of themselves but will probably pretend it never happened.
Those who believe all the unaudited numbers are completely true should always go back to the biggest lie Berman just told and was bought hook, line, and sinker by most of us. Which means all of his tweets and PR's should be taken in the same vein. It looks good on paper but you should probably assume that most of it isn't true.
As far as the Livingston debt goes they haven;t even paid 50% according to Berman's own filings, if you even believe that. 40MM shares were converted on 10/5/17 resulting $149,828 being applied to the debt and the $122,000+ balance was retained by LAM as an administrative fee. Another 40MM shares converted on 1/22/18 at a 45% discount to market which probably was at a net price of .003 = $120,000 . So my figures say that only $269,828 of the $886,000 debt has been paid off.
===============================================
Speaking of Livingston let's remind everyone of another one of Berman lying tweets from 10/17/17:
"Yesterday ONCI settled $1.8M of inherited long term debt for $600,000 thats 33 cents on the dollar! $ONCI "
On the botton of page 12 in the unaudited 10-K Berman states it was actually only $1.53 million settled at a 42.1% discount resulting in net settlement of $886,000. He actually settled for 57.9 cents on the dollar, a FAR cry from 33 cents.
===============================================
We could go on and on about the lack of info here. No mention dental services revenues which has constantly talked about by Berman since 2016, his other wonder apps that are apparently just a figment of his imagination at this point.
I'm dissapointed in myself here. My personal experience with this company told me me to run far away, yet the greed won out because all Berman had to do was keep his word and execute. Should have been a simple thing to do but the writing was on the wall months ago.
How many times can you say "Please sir can I have another?" .
I'd say that at least half of the bulls here won't believe another word that comes out of Berman's mouth. The rest will say "please sir can I have another? And try to convince you why this will be next 100 million dollar company.
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