ONCI I can't answer that one, I don't know. Ho
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Posted On: 09/14/2019 10:00:46 PM
ONCI
I can't answer that one, I don't know.
However if you have to borrow and no bank will lend it to you,
C notes are the only option & might as well borrow it from somebody you know & have worked with rather than those toxic lenders that actually seek to destroy the Co deliberately. Dilution + naked shorting from the same Co is the grim reaper.
I mean C notes is SOP for the bulk of OTC stocks,
but every board you go to on Liehub its always the same thing.
Constant cries of dilution, dilution, dilution. Tell me the alternatives though?
I have always maintained (through observation) that in the OTC its always a race to get sufficient revs going before dilution kills it. Mostly they dont make it. In the case of ONCI I think we will be fine. Thats why I was so concerned about the results of the 3rd Q. Now I know that revs have consistently risen Q over Q now (for years) and we are maintaining very good margins & profitable to boot is the magic ticket for success in the long term.
I do believe as time goes by it will become less & less of an issue But as I have said before you have to be in it for the long haul. My idea of long haul is too long most of the OTC crowd that's why I don't take much notice of what people say because they simply don't the have the patience for this (very rare) situation.I have been around long enough to know how rare this situation is.
I research OTC Co's almost every day and it's almost all garbage for stocks in the trips and very often up to a penny or more. I just do not see anything as good as ONCI below a penny & we are currently 0003 which is just ridiculously undervalued in comparison to anything else.
Dody has it right things have been totally blown out of proportion & the way we are going to get out of it is "slowly but surely" the SP will eventually be comensurate with it's true value. There is no quick fix, but rest assured we will get there. But I will make a prediction, not many on the board now are going to be here when that happens.
Lastly, and this applies to most Co's especially the succesful ones that are oriented towards major growth there is always a problem of "cash flow" as growth always eats up huge amounts of cash, obviously. You get some slow payer & suddenly you need cash in a hurry. In our case it's even more acute as we have so many divisions that need attention & $$$ to develop them I think its eating up all the available cash flow. I do think, and maybe Steve has lately realised that this whole Hexa thing & 6 divisions is a bit overwheming both cash wise & and too complex with too many moving parts. At least I hope he is thinking that way.
As the # of apps increases so does the R & D & the $$ needed, and I can see a major focus here as really paying off. Really I hope the dental & several other projects (except maybe the MJ project) are on the back burner because it's just too many irons in the fire IMO. 3 divisions would be plenty. If he does focus on just a few projects I think it will go a long way to relieving the cash flow/toxic lending situation. I applaud him for his ambition but right now I think it is too many things all at the same time & and each demanding resources & $'s.
My 2c.
tlo.
I can't answer that one, I don't know.
However if you have to borrow and no bank will lend it to you,
C notes are the only option & might as well borrow it from somebody you know & have worked with rather than those toxic lenders that actually seek to destroy the Co deliberately. Dilution + naked shorting from the same Co is the grim reaper.
I mean C notes is SOP for the bulk of OTC stocks,
but every board you go to on Liehub its always the same thing.
Constant cries of dilution, dilution, dilution. Tell me the alternatives though?
I have always maintained (through observation) that in the OTC its always a race to get sufficient revs going before dilution kills it. Mostly they dont make it. In the case of ONCI I think we will be fine. Thats why I was so concerned about the results of the 3rd Q. Now I know that revs have consistently risen Q over Q now (for years) and we are maintaining very good margins & profitable to boot is the magic ticket for success in the long term.
I do believe as time goes by it will become less & less of an issue But as I have said before you have to be in it for the long haul. My idea of long haul is too long most of the OTC crowd that's why I don't take much notice of what people say because they simply don't the have the patience for this (very rare) situation.I have been around long enough to know how rare this situation is.
I research OTC Co's almost every day and it's almost all garbage for stocks in the trips and very often up to a penny or more. I just do not see anything as good as ONCI below a penny & we are currently 0003 which is just ridiculously undervalued in comparison to anything else.
Dody has it right things have been totally blown out of proportion & the way we are going to get out of it is "slowly but surely" the SP will eventually be comensurate with it's true value. There is no quick fix, but rest assured we will get there. But I will make a prediction, not many on the board now are going to be here when that happens.
Lastly, and this applies to most Co's especially the succesful ones that are oriented towards major growth there is always a problem of "cash flow" as growth always eats up huge amounts of cash, obviously. You get some slow payer & suddenly you need cash in a hurry. In our case it's even more acute as we have so many divisions that need attention & $$$ to develop them I think its eating up all the available cash flow. I do think, and maybe Steve has lately realised that this whole Hexa thing & 6 divisions is a bit overwheming both cash wise & and too complex with too many moving parts. At least I hope he is thinking that way.
As the # of apps increases so does the R & D & the $$ needed, and I can see a major focus here as really paying off. Really I hope the dental & several other projects (except maybe the MJ project) are on the back burner because it's just too many irons in the fire IMO. 3 divisions would be plenty. If he does focus on just a few projects I think it will go a long way to relieving the cash flow/toxic lending situation. I applaud him for his ambition but right now I think it is too many things all at the same time & and each demanding resources & $'s.
My 2c.
tlo.
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