Omni Health Inc (OMHE)

[lesgetrich]

ROTFLMAO Seriously???

Yes, VitaCig Sold to MCIG for $78k. MCIG turns around and sells a portion (vitacbd) for ~$800k. OMHE gets $0

As proven by the 10-Q, VTCQ sold mCig the VitaCig product line, that had a net book value of negative $28,923, and received 172,500 shares of its stock that was part of its OS and owned by mCig worth $1,052,250. It seems to me VTCQ/OMHE shareholders got a fantastic deal...

OMHE 3FQ17 10-Q



What mCig was able to do with it after that is their business not Omni's

Net Revenues artificially inflated by using FMV of the shares when VitaCig sold to MCIG.

Sorry, GAAP numbers don't lie. Your fantasy accounting does. Those shares were real and had a real market value.

Yes, Mal-B-Gone generates ~$6 mil for revenues, but is losing money operationally.

Wrong again! Here are the real numbers for Omni from the 10-Q Pro-forma Statement which filters out the old VitaCig numbers...



It shows a net profit from operations for the first nine months of the fiscal year of $593,858 and total earnings of $1,531,480.

They just bought those 172 million shares from themselves - and will count that as a "sale" - and cook da books by double dipping.

Wrong once more. Those shares came from mCig, a separate company, in exchange for the VitaCig Product Line. They represent a gain of the fair market value of those shares coming back into OMHE.

Then they converted those shares and then some to preferred shares for insiders like ANDREY. ANDREY DEFINITELY GOT PAID.

Three strikes and you're out.

From the 3FQ17 10-Q...

As of March 4, 2017, the Company had 975,828,741 shares of common stock, $0.0001 par value outstanding.

There is no potential dilutive security as of January 31, 2017

(i.e. there were no preferred shares issued at that time)

From the 2FQ17 10-Q...

1,148,328,741 and 554,551,683 shares issued, and
outstanding, as of October 31, 2016 and April 30, 2016, respectively.

N.B. 1,148,328,741 - 975,828,741 = 172,500,000 shares

In other words, those shares were returned to the treasury and taken out of circulation during the 3rd fiscal quarter. No insiders benefited any more than the rest of us.

TOTALLY DEBUNKED ONCE MORE!!! SMHLMAO