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ONGO.OB

Started by kidneydr, December 01, 2006, 10:22:51 AM

Previous topic - Next topic

kidneydr

moving off bottom

HANDBALLJIM

ONGO = .42 seems to have come back down...and might test support levels this week. I almost bought some at at $1, but besides the wild chart I cannot thing of a reason to buy. Glad I held off.  :o

It is hard to believe this stock was $150 a year ago, if anyone has the story please post.

Thanks, Jimmy

HANDBALLJIM

Correction!!! :-\

2 years ago high was $150

current 52 week range .37 - 64.50

wrangler

Keep this one on your radar. 3.4 million shares traded today and looks ready to move up.

On The Go Continues to Streamline Operations
Thursday February 15, 7:30 am ET 
First 6 Months of Fiscal 2007 on Track

CONCORD, Ontario, Feb. 15 /PRNewswire-FirstCall/ -- On The Go Technologies Group (OTC Bulletin Board: ONGO; 'OTG' 'the Company'), a leading multi- industry computer hardware, software and systems integrator, announced today a Company and Shareholder update from its CEO, Mr. Stuart Turk.
On behalf of the entire On The Go team, I'm pleased to report that the first 6 months of our 2007 fiscal year ended January 31, 2007 - has been a robust continuation from our record year in 2006, both in terms of sales and debt reduction, and establishing a greater presence in the North American IT sales and service market.

We are well on track to achieve our goal of profitability as we continue to meet our targets on outside debt reduction and surpass our operational goals set:


    - Revenues exceeded CDN $15M for the 6 months ending January 31, 2007.

    - We continue to increase our professional services revenue mix resulting
      in increased gross margins across all divisions.

    - OTG's vertical efforts - the Healthcare and Digital Media divisions -
      remain strong revenue generators with record sales and systems
      integrations.  Both sectors offer tremendous sales growth potential into
      the years to come.

    - We have expanded our reach in the healthcare and medical diagnostic
      arena, teaming up with a veteran-owned small business and allowing the
      use of our name OTG Healthcare.  In turn we are the exclusive supplier
      of their healthcare solutions.

    - Massive Software, the industry's premiere developer of autonomous agent
      3D animation systems, recently appointed OTG a certified channel partner
      in North America and named the Company an 'established leader servicing
      the broader visual effects community.'

    - The Company's aggressive advertising and industry sponsorship campaign
      has returned strong numbers in terms of new clientele, and strengthen
      relationships with the existing customer base.

    - We continue to streamline all costs and expenditures and have reached a
      staff level of 46, down from over 80 a year ago. Revenues remain strong
      and unaffected by the reductions.


wrangler

tocitygirl

Does anyone have any comments on this stock?

On The Go Continues to Eliminate Debt With Early Repayment of Additional $1.25M Note
Tuesday April 10, 7:30 am ET


CONCORD, Ontario, April 10 /PRNewswire-FirstCall/ -- On The Go Technologies Group (OTC Bulletin Board: ONGO; 'OTG' 'the Company'), a leading multi-industry computer hardware, software and systems integrator, announced today that the Company has completed paying in full a Promissory Note to Dutchess Private Equities Fund, L.P. and Dutchess Private Equities Fund, II, L.P., months in advance of the Note's due date, June 30, 2007.
ADVERTISEMENT


Inclusive of this Note, On The Go has effectively eliminated payments on $2.89M of outside debt in the past 6 week period, and all in advance of each respective due and/or conversion date.

On January 6, 2006, On The Go entered into a Promissory Note with Dutchess Private Equities Fund, L.P. and Dutchess Private Equities Fund, II, L.P for an interest-free principal amount of $1,250,000. Pursuant to the terms of the Note, the Company made payments monthly in the amount of the greater of $69,444.44 or 50% of each Put, per an Investment Agreement with Dutchess, until the face amount was paid in full minus any fees due. The Note was subject to automatic conversion on June 30, 2007.

The complete 8-K filing can be viewed by copying and pasting the below URL into your browser: http://www.sec.gov/Archives/edgar/data/1126302/000112630207000026/note_paid8k4 102007.txt

President and CEO Stuart Turk commented, "As with the early completion of payments related to Island Corporation and Synnex Canada Limited, the timely elimination of the Dutchess Note brings the Company that much closer to a positive cash flow position. We will continue to eradicate as much debt as feasible, and as quickly as possible, to bring the Company to a profitable state."


setravis

"ONGO.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.   ;D                                       
All history on a stock pick in 1 thread is awesome. ;)                                       
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.    :(                 
Thank You....and good luck with all your trades....make some $$$     ;) 

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

butkus35

Hi everyone,

I new to this site and was wondering if anyone had anymore insite on this stock?

Lucas Scott

It's crazy - when the first post was made here less than a year ago the pps was 80 cents. Nine months later the stock is down over 99%.  Looks like a bottoming pattern and might get a 2+ bagger from here. OR could lose another 50% just as easy. Watching...
GO IN THAT HOUSE OF PAIN THAT YOU SEEM TO WANT TO BE IN, BUT GET AWAY FROM ME.  I'M TRYING TO WORK, DAMMIT.

butkus35

They just signed a contract with the U.S. Gov. It's the largest contract to date. If they reach profibility as expected for fiscal 08, do you think the stock will rise?