Monday, June 27, 2022

On4 Communications Inc (OTCMKTS:ONCI) Hits Hard When Least Expected

On4 Communications Inc (OTCMKTS:ONCI) just did something that is extremely rare: ONCI released major news on a Saturday. We almost never see this. In the release, the company announces that it has signed a major new contract with a California dealership with brands including Mercedes, BMW, Chevy, Ford, Audi, Kia, Hyundai, and Subaru. It should be obvious with one look at the chart that the market is not surprised to see a spirit of new achievement coming from the company right now. This one looks like a bottle rocket over the past couple weeks.
CEO Steve Berman states, “This contract is for 25 dealerships in Los Angeles and Orange County, California. Each dealership will take 20 units per month at $200 a unit which is $100,000 per month and $1.2 million per year. The units will be delivered October 1, 2017.” This is clearly key news. However, traders weren’t able to gauge the market reaction on the release, given the Saturday timing. One simply doesn’t see this anymore, so we need to consider that timing part of the picture for this company. Either this is a very inexperienced communications team, or there was some particular reason for the very non-standard timing of the release.
On4 Communications Inc (OTCMKTS:ONCI) frames itself as a company that seeks to acquire and/or merge with businesses that present new opportunities and innovative business plans, especially with respect to new technologies.
The Company owns a 49% equity/ownership stake in Family Mobil Safety Marketing, the distributor of a safe driving App and a 49% equity/ownership stake in Digital Media Management & Consulting, a joint venture which implements electronic sell-through and content advertising supported networks.
According to company materials, “On4 is a holdings company with an aggressive focus of acquiring proven and profitable businesses. Our first project is focusing on businesses operating in the $1.7 trillion U.S. healthcare industry. Our newest targeted businesses are operating in the trillion-dollar mobile App space. Our first acquisition in the mobile App space is FMS Marketing a global creator and distributor of mobile Apps for Android and iPhones. We are also targeting businesses to acquire and joint venture with in the medical marijuana and emerging MJ ancillary products space.”
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As noted above, the company took the very unusual step of making a major announcement on a Saturday. However, the content of the announcement continues to paint this stock with an air of nouveau focus on the OTC.
“We are also excited to announce the name of our FMS safe driving app, our global tracking device, and our apps currently in beta testing. The FMS safe driving app BSAFE MOBILE protects the driver from the dangers of distracted driving. BSAFE MOBILE is currently selling at $250 per unit. The FMS global tracking device- B FOUND MOBILE tracks vehicles anywhere even under 5 feet of concrete. Pre-sales have been ordered at $250 per unit.
Berman adds, “We bought out our 51 percent partner COGOSENSE LLC based out of Vancouver BC. The acquisition includes FLEET SAFER which generated over 1 million in sales last year.”
“Our September 6 meeting with Enterprise Rent A Car was postponed due to Hurricane Harvey and is rescheduled for September 28th. Enterprise is sending 10,000 vehicles to Houston to assist in the cleanup efforts. Google Brazil sales have begun and now average 25 units per day. Next week, our 2nd quarter financials will be released on time by the September 15 due date. Also, expect to announce additional revenue contracts.”
Traders will note above 170% tacked on to share pricing for the listing in the past month. Market participants may want to pay attention to this stock. ONCI is a stock who’s past is littered with sudden rips. What’s more, the listing has seen interest climb, with an increase in recent trading volume of nearly 170% above the average volume levels in play in this stock over the longer term.
Now commanding a market cap of $3.22M, ONCI has virtually no cash reported on the books, which is balanced by about $532K in total current liabilities. ONCI is pulling in trailing 12-month revenues of $363K. In addition, the company is seeing recent top line growth, with sequential quarterly revenues growing at 454.5%. You can bet we will update this one again as new information comes into view. Sign-up for continuing coverage on shares of $ONCI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $ONCI, either long or short, and we have not been compensated for this article.

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