So here's continuation of my last post...
The following quote is from the latest annual filing (12/14/18-page 14): Wondering why we don't hear more about DMCC which is the second source of revenue?
From page 17:
Also wondering if ongoing litigation is what may be keeping ONCI from moving on to becoming HEXA? Does anyone know if this has been resolved?
All above quotes in latest filing here:
https://backend.otcmarkets.com/otcapi/company...88/content
As some here who've spoken with SB have stated even publicly, SB has a timetable and mind of his own... and I believe he is not doing any of this to get a headache from shareholders but because he has something real and wants to make a success of it... whether for just himself and family and/or maybe for his shareholders... I sure hope for us as well.
Based on most all of the 10,000+ OTCs, their histories and how they work out... my own experience with OTC the past seven years... and the past two+ years in/with ONCI ... indeed I am skeptical but like with all OTCs I know I'm gambling and don't bet with anything I can't afford to lose.
ONCI sure is one heck of a story but while chapters remain to be written, I'm not sure we've reached the peak yet or figured out the plot... and definitely no ending yet... and so I have to patiently wait for it...
Very best to all with ONCI/HEXA !
The following quote is from the latest annual filing (12/14/18-page 14): Wondering why we don't hear more about DMCC which is the second source of revenue?
Quote:Revenue Recognition
The Company recorded sales totaling $4,551,116 for the 12 months ended October 31, 2018 arising primarily through the sale of the FMS safe driving App and the CogoSense Apps, and secondarily through the Company's Joint-Venture equity/ownership stake in Digital Media Management & Consulting ("DMCC", based on executed customer contracts.
From page 17:
Quote:(b) On December 9,2016 the Company acquired a Forty-Nine Percent (49%) JointVenture equity/ownership stake in Digital Media Management & Consulting ("DMCC"
Also wondering if ongoing litigation is what may be keeping ONCI from moving on to becoming HEXA? Does anyone know if this has been resolved?
Quote:Legal Proceedings
On December 15,2016 LG Capital Funding, LLC (one of the Company's conveftible note holders) commenced an action against the Company claiming that it had been prevented from converting a remaining principal balance of $ 1,500 and accrued interest thereon of $ 1,013 into common shares of the Company at the then contracted 50Yo discount to market stock price. LG additionally claimed $ 45,239 in compensatory damages and $ 1 1,344 in legal fees and costs.
The Company filed a motion to vacate the alleged default, which in tum was challenged by LG Capital. A judgement in favor of LG Capital for $ 54,543 was issued by the Eastern District Court of New York on September 25,2018. However, this order was appealed by the Company on October I2,20T8, with a further continuance filed on November 14,2018. Settlement of this matter is therefore subject to further discussion and negotiation between the parties.
All above quotes in latest filing here:
https://backend.otcmarkets.com/otcapi/company...88/content
As some here who've spoken with SB have stated even publicly, SB has a timetable and mind of his own... and I believe he is not doing any of this to get a headache from shareholders but because he has something real and wants to make a success of it... whether for just himself and family and/or maybe for his shareholders... I sure hope for us as well.
Based on most all of the 10,000+ OTCs, their histories and how they work out... my own experience with OTC the past seven years... and the past two+ years in/with ONCI ... indeed I am skeptical but like with all OTCs I know I'm gambling and don't bet with anything I can't afford to lose.
ONCI sure is one heck of a story but while chapters remain to be written, I'm not sure we've reached the peak yet or figured out the plot... and definitely no ending yet... and so I have to patiently wait for it...
Very best to all with ONCI/HEXA !
