Omni Health Inc (OMHE)

[lesgetrich]

Yes folks, please look at the SEC 10-Q filing...

mCig 3FQ17 10-Q

OMHE Expenses Grew $700k in 1 QTR

The 10-Q does not contain any quarter to consecutive quarter comparison. They compare this quarter this year (Omni Health financials) to this quarter last year (VitaCig financials). To get an apples to apples comparison, they give us a pro forma summary which shows Omni's results this 3FY compared to Omni's results last year's 3FQ...



It shows a small increase of about $130k in costs for the quarter compared to last year (primarily from consulting expenses having to do with going public) but a decrease of $640k in expenses through the first nine months of the year.

OMHE Debt continues to rise via more loans

Totally false! Here's the relevant section from the 10-Q...



It shows that a number of loans were taken out in the spring and summer of 2016 to assist in the process of going public. These loans originally totaled $2,256,987 and have been gradually paid off to where on 1/31/17 they totalled only $1,446,528. That's a decrease of $810,459 in less than a year. The loan payments are included in the expenses discussed above.

OMHE is still losing money operationally

Again, look at the pro forma financials above, they show an operating profit of $593,858 through the first three quarters of FY17 and a net income of $1,531,480.

Dilution is imminent so OMHE can pay Andrey for 2014 Le Signature.
And, there is nothing preventing OMHE from new stock offerings to raise cash - additional dilution.

Total BS with no basis in fact. It's contradicted by the fact that last quarter, the shares outstanding (OS) went from 1,148,328,741 on 10/31/16 to 975,828,741 on 1/31/17. LX Retail Group and Omni currently own more shares than are required to maintain 50% controlling interest. They can use those for an acquisition, convert them along with the rest of their common shares to convertible preferreds, or retire them. They have plenty of options to further reduce OS. There's never anything keeping any company from raising cash with a stock offering if that's what they want to do. It's a true statement about every single stock company.

OMHE busines plan is identical to MCIG's

A totally ridiculous statement. mCig's business plan involves Construction and Consulting (Grow Contractors), CBD Sales, Inhalation Technology (VitaCig and Vapolution), and they recently added Cannabis Supply. Omni's business plan was revealed in their PR...

Omni Health, Inc. Issues Letter to Shareholders

...our vision is to capitalize on decades of knowledge and experience to create a global health and wellness company. To that end, we plan to rapidly expand our operations to include new divisions in the areas of specialty pharmaceuticals, anti-aging brands, and therapeutic cannabis products and licensed medical marijuana cultivation. Currently, we are in the final states of several strategic acquisitions to accelerate our bold expansion.

Just add these to your long list of Debunked Claims.