Omni Health Inc (OMHE)

[lesgetrich]

LMAO Thanks for showing that Omni has 172 million shares that it can use for an acquisition without diluting existing shareholders.

In fact, from my post # 15737...

Post # 15737

...other than the 17 million shares converted from the mCig note, there has been zero dilution to date since VTCQ was purchased by Omni. If Omni acquires another company which adds more value than the purchase price, it is considered accretion (the opposite of dilution) and is generally a stimulus to the pps. Moreover, of the 1,130,651,683 shares outstanding, 747,500,000 shares are in the company treasury. Another roughly 75,177,058 shares are owned by mCig. That leaves only 307,974,625 shares free trading. Omni currently has roughly 365 million excess treasury shares (more than what they need to retain 50% ownership) that they can use to do an acquisition (the full amount if LX Retail merges a related/LX controlled company or half that amount if they buy from a third party). Using its treasury shares would result in zero dilution to the company.

as for your assertion...

FACT is that the $1.6 million "net" was a ruse built on by the purposeful release of "$1.6 Million Net Profit" - that was released by VitaCig.

FACT is, that it was BS because of scummy accounting practices regarding the "fair market value" of the 172,000,000 shares that was actually sold at 0.0001 par value, or $17,250.00

Gain From Discontinued Operations is from the sale of VitaCig products/operations/intellectual property/websites back to MCIG.

VitaCig was “sold” to MCIG in exchange for 172,000,000 shares at a par value of 0.0001/share = $17,250.00

mCig held it's ownership of VTCQ/OMHE under the cost method of accounting which required that since they owned more than 20% of the company, they couldn't claim the market value of the shares on their books. The shares were booked at par value ($.0001/share), and they could only book a percentage of the company's profits (and there was very little profit to be claimed). When they bought the VitaCig product line, they could only expense the VTCQ shares at the cost at which they had been carried on their books, otherwise, they would be inventing money that wasn't there. On the other hand, OMHE received those shares into their treasury at the actual value that they could be sold at because they are free to sell them at market value. If you want to call them "scummy accounting practices" your gripe is with Generally Accepted Accounting Principles (GAAP), in other words, you're calling normal accounting "scummy". ROTFLMAO

Just another debunked claim.