Spent some time on the board the other day catching up, despite not having a position here any longer. Thought I'd pass along some thoughts and feedback for what it's worth.
First...I've put my time in with ONCI (over 18 months) and everything I've profited was earned. Investors always need to be sure they are wearing their big boy or big girl pants. Do NOT fall in love with a stock or it's CEO. And do NOT use a message board as your sole means of evaluating a stock.
Secondly...I personally still believe in this product. I was never overly-excited about potential from the other arms of ONCI, but DD apps/devices seemed to have a market need and cash buyers...two things you need to succeed in manufacturing. You also benefit from a product that beats out competition. ONCI seemed to have that and has patents that appear to back it up. What you also need to succeed is the ability to sell. I saw that the CEO had that ability, which seemed to make a perfect scenario. I touted the CEO's skills on the board. You also need business manufacturing and production distribution know-how. This CEO did not have a ton of experience in that area, so Steve had something to prove to me in that regard.
When the CEO first started ranting on twitter, a lot of longs found it funny. I did not. It concerned me because I know the vendors that I work with and the ones I don't...there's a reason to choose vendors and it's not always about product. If there's one thing production distribution needs it's stability.
My stock sales were all spread from 014 to 006 over a long period of time with trickling sales, never dumping. Always the intent of staying long with a healthy position. I was going to add heavily pre-fins, until it became obvious to me that we weren't getting audited. I need my money working elsewhere right now.
I will definitely buy back in when things stabilize at ONCI because I believe in the product and think that a future buyout is still possible. I look forward to seeing Q1 2018.
GLTA
First...I've put my time in with ONCI (over 18 months) and everything I've profited was earned. Investors always need to be sure they are wearing their big boy or big girl pants. Do NOT fall in love with a stock or it's CEO. And do NOT use a message board as your sole means of evaluating a stock.
Secondly...I personally still believe in this product. I was never overly-excited about potential from the other arms of ONCI, but DD apps/devices seemed to have a market need and cash buyers...two things you need to succeed in manufacturing. You also benefit from a product that beats out competition. ONCI seemed to have that and has patents that appear to back it up. What you also need to succeed is the ability to sell. I saw that the CEO had that ability, which seemed to make a perfect scenario. I touted the CEO's skills on the board. You also need business manufacturing and production distribution know-how. This CEO did not have a ton of experience in that area, so Steve had something to prove to me in that regard.
When the CEO first started ranting on twitter, a lot of longs found it funny. I did not. It concerned me because I know the vendors that I work with and the ones I don't...there's a reason to choose vendors and it's not always about product. If there's one thing production distribution needs it's stability.
My stock sales were all spread from 014 to 006 over a long period of time with trickling sales, never dumping. Always the intent of staying long with a healthy position. I was going to add heavily pre-fins, until it became obvious to me that we weren't getting audited. I need my money working elsewhere right now.
I will definitely buy back in when things stabilize at ONCI because I believe in the product and think that a future buyout is still possible. I look forward to seeing Q1 2018.
GLTA
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On4 Communications (ONCI) Stock Research Links
"An investment in knowledge pays the best interest."
Benjamin Franklin
All posts are my opinion only.
Benjamin Franklin
All posts are my opinion only.
