Some positive Traits of Q3 covering May 1 to July 31, 2019.
a. Only 209 mil shares diluted during the entire quarter with 2.39 bil shares in total trading. That is only 9% of total shares traded, reflecting unbelievable amount of shareholder selling for a company achieving huge sale and profit.
b. Effective dilution was 409 mil shares for Q3. 250 mil of those closed the gap between OS and float significantly. By the end of Q2, the OS to float gap was 250 mil shares and as of July 31, such gap was reduced to 78 mil shares. The 78 mil shares were likely dumped into the market on September 3rd if you remember that day. Look it up.
AS OF RIGHT NOW, FLOAT IS PRETTY MUCH THE SAME AS OS, WITH NO NOTES DUE BEFORE 12/1/2019 For $45K.
c. The AR went up only by $600K for a revenue of 1.4 mil. The company then received cash of $800K, which is more positive than previous quarter.
d. Company paid CogoSense $100K for a total of 1.475 mil or 57% ownership
All is good for ONCI. The financials were delivered on time and the doom and gloom forecasted by the bashers was nothing but fiction.
Looking forward for an update on what is coming ahead. Stocks are about the future and we are sitting good for a great year.