Thanks for posting what you could DD but lets take a look at the CEO's responses to your questions versus what is in his financials:
CEO own 1 million shares of common and 25 million shares of preferred which is convertible into 2.50 billion shares of common stock.
The CEO is correct but the irony is if he issues more shares at .0001 and the price stays there, the market cap goes up.
Which year? It was supposed to be beginning on 2018 and we haven't heard a peep since. Call me doubtful.
Is Cogosense doing anything for the company except selling product to them?
10/31/19 financials said that A/R was $7,754,401. No mention of inventory on the financials. Even if CEO was giving updated A/R figures as of end of Feb 2020, where did the $3.7 million in cash go?
Usually not a question of changing terms for faster payment. You still have to collect it. Unless he is giving significant discount in price if customers pay cash in advance. But then again, where is the cash going?
Consulting should bring in revenue to the company. Unless he is doing this on the side and keeping the cash for himself....
.
IMO, stick a fork in it.
Has no cash to buy back shares and why would he if there is going to be continued dilution?
Annual report states otherwise. $140K+ in Notes Payable convertible into shares at 50% discount. Even at a .0001 price that equates to 1.4 billion shares .
Thank you.
Why was this not disclosed to shareholders after numerous statements that PL was happening?
ok
Again not true according to Delaware Sec of State. Annual Reports for last three years have not been filed. As we know this is not a big deal. He can pay perhaps $1000 per year at any time to get current. The amount listed on DE website is irrelevant to what is actually owed.
R/S: Still not in the cards at this time.
At this time. CEO can always increase OS but that affects future amounts owed to DE Sec of State.
Ok
Hopefully the same someone will be buying hundreds of millions of shares on the way up to .0006.
Thanks again for your update.
Quote:Very Powerful phone call. Truly believes in our products, and we are having GREAT success in getting them sold and out. CEO has almost $1 million of his own monies invested and owns, between himself and family, over 2.5 billion shares.
CEO own 1 million shares of common and 25 million shares of preferred which is convertible into 2.50 billion shares of common stock.
Quote:Market Cap: Has no control.
The CEO is correct but the irony is if he issues more shares at .0001 and the price stays there, the market cap goes up.
Quote:Audit: Expected end of the year
Which year? It was supposed to be beginning on 2018 and we haven't heard a peep since. Call me doubtful.
Quote:Cogosense not advertising products on airport luggage carts, as far as he knows.
Is Cogosense doing anything for the company except selling product to them?
Quote:Accts Rec: Over $4 million owed, the rest is inventory. Has changed terms for faster payment.
10/31/19 financials said that A/R was $7,754,401. No mention of inventory on the financials. Even if CEO was giving updated A/R figures as of end of Feb 2020, where did the $3.7 million in cash go?
Usually not a question of changing terms for faster payment. You still have to collect it. Unless he is giving significant discount in price if customers pay cash in advance. But then again, where is the cash going?
Quote:Sifthouse: In process. Currently consulting other MJ growers in Canada until license is granted
Consulting should bring in revenue to the company. Unless he is doing this on the side and keeping the cash for himself....
.
Quote:GiftCard: In process
IMO, stick a fork in it.
Quote:Buyback: Not at this time.
Has no cash to buy back shares and why would he if there is going to be continued dilution?
Quote:Canouse: Does not own even hundreds of millions. (Billions of shares, as repeatedly stated on IHUB Board is a fabrication) Helped ONCI get off the ground and has been extremely helpful.
Annual report states otherwise. $140K+ in Notes Payable convertible into shares at 50% discount. Even at a .0001 price that equates to 1.4 billion shares .
Quote:60-unit test: Midwest Ins Co. Should have answer in a few weeks. Still testing.
Thank you.
Quote:2nd Private Label: Requested to re-negotiate price of units, after delivery, which would not have been profitable for ONCI.
Why was this not disclosed to shareholders after numerous statements that PL was happening?
Quote:Cloud Competition: Not 100 accurate. Can over-ride. Best to have OBD in automobile, as we offer.
ok
Quote:Filings in Delaware: UP TO DATE !!!
Again not true according to Delaware Sec of State. Annual Reports for last three years have not been filed. As we know this is not a big deal. He can pay perhaps $1000 per year at any time to get current. The amount listed on DE website is irrelevant to what is actually owed.
R/S: Still not in the cards at this time.
At this time. CEO can always increase OS but that affects future amounts owed to DE Sec of State.
Quote:*******Share price will NOT be at .0001/0002 for long. (Could not give me the reason, but there is an announcement coming soon).******
Ok
Quote:********There is someone in the wings for the 450 million at .0006, at the right time.********
Hopefully the same someone will be buying hundreds of millions of shares on the way up to .0006.
Quote:A couple of other items could not be shared with us at this time.
He agrees that he said too much too early, and will only speak now when confirmed fact.
It was a very positive conversation, and we will remain in contact.
Nothing stated above can be verified by me. Make your own decision on each item posted
Thanks again for your update.
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