Monday, April 10, 2017 2:11:58 PM
OK Let's take them one by one...
1.)
From the last 10-Q financials...
The pro-forma statement which filters out the numbers from the old VitaCig product line shows a net operational profit of $593,858 thru the first nine months of the fiscal year
2.)
This is just total fantasy which contradicts reality. From the last PR...
They're not diluting. They're doing just the opposite.
3.)
Again from the 10-Q...
Omni took out $ 2,256,987 in loans last year, As of 1/31/17 the remaining balance was $ 1,446,528.
They've actually reduced their debt by $810,459 within the past year.
4.)
Preferred shares didn't exist until last week. Conversion of common shares to preferred shares takes those shares out of the OS and the real benefit goes to the rest of us as the book value of our shares increases proportionately. The conversions are value neutral to the new owners and their only benefit is voting rights which they already control anyway.
5.)
LMAO This is true of every public company not just OMHE. If they do acquire another company, it could just as easily be antidilutive (the exact opposite of dilutive). From Investopedia...
Definition of "antidilutive"
Debunked 5 times! ROTFLMAO
Les
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