Omni Health Inc (OMHE)

[lesgetrich]

I have been predicting a share restructure from day one. However, it doesn't need to be, and probably won't be at this pps, a reverse split. LX Retail currently owns more shares than they need to effectively have 50% control. Some of those shares can be used for an acquisition. Most of the LX Retail shares as well as mCig's shares could be cashed in for convertible preferreds with voting power. Alternatively, some shares could be retired and returned to the treasury, which they've already done (see my last post #16364).

The shares outstanding for the past quarter has been listed as 1,130,651,683. The new 10-Q now says it is 975,828,741 as of March 4. Despite Bubba's constant claims of imminent dilution, there was actually a reduction of 154,822,942 shares.

There was zero dilution in the 3rd quarter and there's no need to dilute in the foreseeable future. From the 10-Q...

Omni 3FQ17 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

In the three months ended January 31, 2017, we have not issued any shares of stock.