Why would it open at the same level? This reverse split hurt shareholders. This company was way overvalued to begin with. They have never made money. They owe millions in judgments that they have never paid a single dime on, and these judgments have been accruing interest for years. They are always getting sued, always involved in something shady. There is no evidence that they have ever gotten any company a loan. Every deal they tout in their paid promotions ends up falling through. obviously they have no intent of ever consummating any of these deals. Nobody would loan them money to invest in any company. FINRA would never grant them approval to own and run a brokerage. The deals they get into are just for paid promotions. They couldn't consummate them if they wanted to.
They had a ten million dollar lawsuit against them that they did not report on their SEC filings for several months. Another judgment from Tennessee I believe was registered down in Miami last year I think or early this year and they have still never reported that one on their SEC filings. That ten million dollar case has just recently been settled for an undisclosed amount. Plaintiffs had better have gotten their money up front, but I don't see how they could because these guys have nothing. They can't have anything. Their judgment creditors would take it from them. They are scammers through and through and this company is not just worthless, they have a negative value by millions of dollars.
At a market cap of five grand, this company is way overvalued. If stocks could have a negative price, OCFN should be selling for negative $100 a share or something like that.
This I all just my opinion, of course. Look into their history. Look into Von and Jon Cummings. You will no doubt reach a similar conclusion.
