Onci has claimed in it's filings over that last 3
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Posted On: 08/26/2020 10:25:27 AM
Onci has claimed in it's filings over that last 3 1/4 year to have booked $13.5 million in revenue, yet it is so very difficult to find the product except in the hands of a few shareholders who purchased it. Their A/R balance is $8.0 million. The company claims dealerships are slow payers. However there is about 2 YEARS worth of sales that are unpaid. How much of those sales were on consignment? How much of the sales were just paper sales according to some "contract" that never had to be delivered to a customer? How much of the sales has yet to be written off because they never really happened?
If short, imo the sales never really occurred. It's mostly ALL book entries according to "contracts" created by SB in order to impress investors into investing into his company and it worked like a charm. And it allowed Canouse the ability to convert most of their loans into shares at a huge profit to them.
If short, imo the sales never really occurred. It's mostly ALL book entries according to "contracts" created by SB in order to impress investors into investing into his company and it worked like a charm. And it allowed Canouse the ability to convert most of their loans into shares at a huge profit to them.
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(0)On4 Communications (ONCI) Stock Research Links
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