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On April 1, 2014 Omega announced they entered into s definitive agreement to acquire 20% of Trackimo for preferred shares in Omega valued at $5,000,000. The 8k said the transaction closed on March 31.
Omega never issued the shares and the transaction was nullified in May.
This seems to be a consistent theme with this company. This doesn't concern you?
What do we think the Q's will accomplish?
Omega entered into a "Definitive Agreement" with Branca Riberto Represetacones LTD. that they claim brings $78.6M in value. The stock is ZERO BID.
The interesting thing is the 8K filed on this deal on July 6th said the deal, signed on June 10, is anticipated to close on June 1st. Read that again.
Legal needs to get their act together.
They have announced a few other things that didn't move the stock. Maybe it is time that stop announcing things and doing things. Not likely after all these years.
Nevertheless, I eagerly await their next tall tale to catch some of the move. The Q's aren't what we are waiting for - we are waiting on management's bold imagination. $78.6M didn't do much, I am sure they have a $780M deal coming next.
Frank has been carrying the Sputnik deal for months. Trying to con the guy into giving it to him for ZERO MONEY DOWN.
Why do you think Frank does business this way?
Based on everything I am reading about this company you would have to expect Omega to mention Whole Life once, or twice more, and never mention it again. It didn't move the stock, therefore, it is useless to management's agenda.
Well they are no longer on Omega's website.
Do a little research on Sputnik and tell me where a strategy to merge this "Business" makes sense.
Behind all the BS with WNTR is crime and no one can really identify a business - only what Frank has told shareholders, none of it verifiable.
I am beginning to see that.
So the Company announces an acquisition before they have done their due diligence on the company?
That is not what they state in their press releases and 8ks. For instance with AmericaVest they announced the "Acquisition" and with VeriTrek the announced the execution of a "Definitive Agreement."
They dodn't announce a letter of intent, they announced done deals.
Are these companies no longer part of Omega?
Why would anyone in his right mind merge this mess into a clean shell?
Trader, you are on target! It looks like he is feeling the heat on WNTR and planning his exit. Frank's next move is with a company called Sputnik Enterprises, Inc. (SPNI).
He has used Ludvik Holdings, Inc to position himself to complete a reverse merger with this company. I am sure he is planning to run away (as he always does) from WNTR and then run the same game with this SPNI.
What kind of person does this?
I would speculate that some so called acquisitions cannot be audited.
Why can't they file their statements on time?
Do you think maybe that is why the financials are so late?
You are not concerned? What about the VeriTrek Acquisition? This was a $15,000,000 transaction that we have not heard anything about in since November 2014?
Vargas can you tell me what happened to AmericaVest? That company was on Omega's website as a subsidiary and now it isn't. As you know it is an acquisition the company did in October. 2014.
Volume and price spiked on news that Omega had acquired 20% of Branca Ribeiro Representacoes Ltd valued at $78,600,000.
Don't you think owning an asset like this should have kept the stock price off of ZERO BID?
I have noticed that you are usually right on target Hokie. Only a fool would believe anything these people say. NYSE? Can you imagine a qualified analyst even looking at this company?
They made a big deal out of being on the NASDAQ board in Times Square like they "Qualified" to be on it. It is an advertising medium - they paid for it. Actually, shareholders that are long paid for it.
It is simply the cost of doing business when you are doing a pump and dump.
Vargass, are you insinuating that you tell us things you know about this company that is not public information?
Your opinion is noted. It is not insightful, but noted.
Your opinion that a company that is ZERO BID had a good day because it didn't go lower is rather silly. In my opinion.
In my few weeks following this "company" and researching every one of your posts, I have noticed that you, as a constant on this board don't give much insight. Cheerleading - touting - and talking about your 18% return - but no real insight.
VARGASS as this "company's" spokesman please can you give us some intelligent insight?
It looks like "you" closed FLAT with ZERO volume.
What ride would that be?
Vargass, what does the stock market have to do with Omega?
He does have his new gig lined up. SPNI a trading shell. I am sure he is going to use it to run the same scam.
What kind of manager lets his company stock go to zero bid?
There have been delays because he lied in the first place. Nothing he has said is true. There are no FILINGS for WNTR only lies and excuses to cover the lies.
Frank is supposed to be the buyer. You can buy stock right now at $0.0001 and tender it to him at $0.01. That is a great deal. If only it were true.
Frank Kristan "the Company" was, and is, never going to buy-back stock.
This was a ploy to get investors to buy stock at $0.0002 and dream about their returns when he bought them back at $0.01.
I am sure plenty of people were thinking: WOW! If I "invest" $1k @ $0.0002 I will get 5M shares, and when Frank buys them back from me I will have $50k.
It never made any sense and it was never going to happen.
It is interesting.
It looks like you are the expert on this company I will be following your lead.
You do know that the NASDAQ "Jumbotron" (the NASDAQ Tower) is paid advertisement space.
In addition to the NASDAQ MarketSite 7-story tall video tower, NASDAQ also offers the Times Square Squared package, which defines the ultimate consumer outdoor media experience by running advertising on both the NASDAQ Tower and the Reuters Sign, bridging together the entire south side of Times Square.
Check out NASDAQ Market Site Events
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There was also a company called Summit Real Estate Group on the website.
What happened to that Company?
There was a subsidiary on their website: AmericaVest CRE.
What happened to that company?
Why would a company like Partners South do anything with a company like Omega?
Does anyone think they will monetize this deal?
If by transparent you mean predictable, I would agree. Everything Frank does is predictable - you can predict with certainty that what he says is not true.
I can't imagine what would make anyone believe there is a run in store.
You can't lie in press releases either, but...
Vargass it is much more than a waiting game to see what the company's plans are.
Correct me if I am wrong; on July 6th the company announced the addition of a $78.6M asset, and while the stock traded a little it did not really react to what was a monumental announcement. Then it went to ZERO again.
Then on July 29th the company announced signing an agreement with a "well capitalized direct funding source" to originate loans. Still the stock is ZERO.
No one believes anything these guys say, nor should they.