Omni Health Inc (OMHE)

[BubbaInSC]

Delayed Dilution is Still Dilution whether it happens in a week or 2 years.

OMHE will dilute, take on more debt, or issue more common stock to raise cash. They've already restructured the shares by converting common and paying insider preferred shares; which hardly benefits common shareholders at all, but ginormous gains can be had by the insiders who received the preferred shareholders.

There are no other alternatives if OMHE actually wants to purchase an MJ License in FL and actually cultivate/produce/sell marijuana.

IMO, they are merely baiting anything MJ to get people the perception that they're going to grow from the current single pharmacy retail store that they have been doing for 40+ years with underperforming results.

The business model being used is exactly like MCIG's. Bait with promises of streets paved with marijuana for 2-3 years, never execute, pay insiders as much as they can get away with....and actually produce nothing....

About a year later, and shareholders own a single pharmacy store in Hialeah, FL.....and a faux research lab - that will UNLIKELY EVER COME UP WITH ANY NEW PHARMACEUTICAL PRESCRIPTION MEDICATION APPROVED BY THE FDA.

IMO, they don't need $6 million to fund cosmetics where the company will merely add drops of CBD to Le Scam or CelebCream. the $6 mil is funding the insiders.....that's it.