$ONCI 2019 2019 (and 2018 for that matter) hav
Post# of 40989
2019 (and 2018 for that matter) have been painful for the ONCI stock but not for this rapidly growing little company. Despite a share price in the lower trips, the company is making more money than ever. The Q2 2019 financials (https://backend.otcmarkets.com/otcapi/company/financial-report/223377/content) attest to that, showing nearly 3 million in revenues with the potential for another 3 million more in quarters 3 & 4. Claims of revenues being fake are as fake as the claims being made. With on-time quarterly reports keeping ONCI PINK CURRENT (https://www.otcmarkets.com/stock/ONCI/security), and a registration filing with the SEC showing the exact revenues in the fins (https://ih.advfn.com/stock-market/USOTC/on4-communications-inc-ONCI/stock-news/79455922/registration-a-offering-under-the-securities-act-o), it is prudent to believe the revenues to be 100% accurate and valid.
But what about the A/R? Well, if the revenues were fake, why not fake the A/R as well then? This further shows the revenues to be 100% accurate, validated with an attorney letter (https://backend.otcmarkets.com/otcapi/company/financial-report/217451/content). The growing A/R is not the concern most believe it is. It justifies the fact that business is growing, and that additional revenues are coming in future reports. The more business you do, the higher the A/R. As long as the revenues grow concurrently with the A/R, then there is only future growth to look forward to. ONCI is providing their products with payment terms of 60 to 90 days, not always paid on time. But they WILL be paid, and the revenues WILL continue to grow.
ONCI’s market cap end of today is just over 1 million dollars at $1,059,751. Sheesh people, their revenues are 3 million for the first half of the year, with assets valued at over 10 million. This is ridiculously undervalued. As of the last report, the float is 3,254,427,154 with AS at 5 billion. This balance reflects the recent share reduction of 1.3 billion shares.
Now…what about the product? ONCI now owns more than 50% of Cogosense, which is the bulk of their current business model. The distracted driving apps are constantly being updated, and have been updated to fully comply with the revised requests of our insurance providers. (https://www.otcmarkets.com/stock/ONCI/news/On4-Communications-Inc-Announces-Major-Insurance-Compliance-Milestone-Reached-in-Bringing-Distracted-Driving-Apps-to-Mar?id=230671) The technology here is nothing short of amazing, a hardware/software tandem that allows an admin (parent or fleet owner) to manage and administer every action taking place in the vehicle, from hard braking to speeding to tampering with the hardware. The primary focus is that it stops the driver from using their cell phone while the wheels are in motion. Any parent of a new teen driver can rest easy knowing their child will not be texting and driving. Same applies for the fleet owner—the stats Fleetsafer delivers for just 1 or hundreds of vehicles is pretty awesome. Current fleet clients include Chevron, AT & T, Sprint, and more (https://cogosense.com/distracted-driving/partners). There’s a lot of competition here in the marketplace, proving there’s a growing need for this type of product. But let this be know once and for all—no other competitor’s product owns the Cogosense patent, meaning their products are driver voluntary. ONCI’s product is controlled by the administrator—the parent and the fleet owner.
But this is just the beginning for ONCI. There are other apps in development, such as a child car seat alarm. This man wishes he had one: (https://www.nytimes.com/2019/07/29/nyregion/twins-hot-car-father.html). ONCI products, plain and simple, strive to save lives. That in and of itself is worth a LOT more than .0004.
Now what about Sifthouse Industries? http://sifthouse.com/ (website being built) is a start up MJ Craft Grower in Vancouver who are awaiting a license to begin growing their exclusive proprietary blend. The location has been leased, equipment has been purchased. It’s a waiting game as their registration (https://www.nuans.com/auth/app/scr/corp/nuans/public/PreSearch.html?name=Sifthouse&reportType=&distinctiveTerm=&naics=) is awaiting approval for a license. REMEMBER, this is a START UP. Once the license is granted, it will be full steam ahead into the MJ biz.
Another start-up is giftcardexchange.shop, a giftcard trading site that is being built and populated with retailer giftcards. Again, we’re seeing a delay here but SB is hopeful that the site will be launched in the fall.
CEO Steve Berman is a showman, talks a big game but tends to get caught up in his promises of great things and trips over his own words. Love him or hate him, the guy knows how to sell and build a business. Yep, no question the PPS is where it is because of his missed deadlines and his decisions to change the course of action.
But it is prudent to invest in a business that is being built one step at a time, and not in two-year old missed deadlines and broken promises. It is in my opinion that Steve, like ONCI, is experiencing CEO growing pains. He has learned what to do, and what not to do. I believe we will see less empty promises, and more announcements of substance as ONCI continues to flourish. Sure, revenues rule, but honesty is the best policy. He is being honest and loyal to his clients, promising them to not publicly announce their names. He learned from that mistake and it cost him a million-dollar deal in Nissan Garden City. If I were CEO, I wouldn’t take chances either.
Now it’s time for Steve to be honest with his shareholders.
Right now ONCI’s big fat black eye is the private label ads. Both PL deals exist, Pharrel is a pseudonym for a division of a top 10 insurer that specializes in large machinery. PL 2 is one of the east-coast’s largest dealer groups, soon to become larger with the purchase of a chain in the south. We’ve been told over and over that there are ads for this deal, and he even announced that they are running. Here’s where I stop playing Mrs. Nice Gal and ask our boss: IF THE ADS ARE RUNNING PUBLICY, PLEASE RELEASE ONE. JUST ONE. SHOW YOUR SHAREHOLDERS THAT YOU MEAN BUSINESS. Of course it’s very possible the dealer group has asked Steve not to announce them in a public forum. But truth be told, SB has been touting this deal for a year now and we his shareholders have held on with the hope that one day we will see them. SB—if you want to unlock shareholder value as you said in your last PR, release an ad.
There’s a lot to look forward to here. ONCI is growing and the numbers prove it is absolutely undervalued. ONCI was trading at .0012 three years ago with 55k in revs. Now it’s on target to bring in 6 million in revs this year and it’s at .0004. I have had no problem adding tens of millions here.
With 90 million on the bid, ONCI is ready to make another run. Bank on it.
GLTA