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Close at just a "smidgen" under the HOD on a Friday is HUGE - IMO
Always large blocks on the Ask to sell - someone or the Company is selling away non stop - I do not know who
A close above .15 will be very Bullish and set OMVE up for a continued price increase next week
All my own opinion
I am looking for a strong close to the week to set up next week !!
I am looking for a strong close to the week to set up next week !!
I hope you are completely correct - I will be happy to sell at .91
Me too - I am still holding
Its all over IMO - we have all been scammed. The "insiders" created interest with "phony" PR's and then started "dumping" millions of shares. They turned CTCC into an ATM machine
All my own opinion
Yes, most days we are seeing lower lows - unless something changes - we are all doomed
Who has all these "free shares" or shares at a very low price to be able to sell at any price.
Until this apparently never ending supply of shares to sell ends - the price will just go lower and lower
1 million shares get bought and the price goes from .11 to .15 and the next day 300,000 shares get dumped and the price crashes down to .10
If the seller or sellers have unlimited shares to sell we will see 1 cent long before we see .20 cents
All my own opinion
2 Buys of 100,000 today. Early in the day 100,000 buy at .137 and near the close a 100,000 buy at .15
Someone is very Bullish on OMVE !!
As far as I understand - tax loss selling needed to be completed on Tuesday 12/27 at the latest as it takes 3 days for trades to clear and Friday 12/30 is the last trading day of the year.
Today we saw buying pressure more than selling !!
Close at .15 with Volume = 1,087,689
Volume is much too high - something must be happening !!
For a Holiday week where most stocks have low volume and pull back some - this is most unusual. There must be good news about to break.
Surprising volume burst just before a long weekend !!
Would be very Bullish if OMVE can get above .20
My new Big Report: OMVE
Make sure you read my entire report! This could be the one that kicks off the Holiday Season.
The markets closed up HUGE today after a 3 week slide. The retail sector is enjoying the biggest gains, after reports stated that Cyber Monday was the biggest ever with consumers spending a RECORD $1.25Billion just on the Internet alone!
"It was just the second billion-dollar spending day on record," said comScore chairman Gian Fulgoni, noting that last year's Cyber Monday was the first time that threshold was breached.
The year-end holiday shopping season was starting off strong online, with US Internet shops seeing $15 billion in sales between the start of November and Cyber Monday, according to comScore.
Immediately put OMVE on your watch list, and I will tell why it's important to keep a very close eye on this company. Every few years along comes a company that makes a splash and changes the fashion industry. True Religion and Crocs are two recent ones.
True Religion (Nasdaq: TRLG) who's main product is Jeans, currently trades at $35 near it's 52wk high of $37.76. It hasn't been hit hard by the down economy. In fact Citi analyst Susan Anderson, has rated it as a 'Buy' citing it will fare well with a demin comeback and lower cotton prices.
True Religion said earlier this month its third-quarter net income increased as revenue rose nearly 17 percent to $108.4 million
Why is this important to OMVE?
True Religion was once a small cap company trading at under $1.
OMVE owns the Prvcy Couture Inc apparel clothing line. Their main product is designer jeans and tshirts. OMVE is eerily following in the same steps as True Religion when they started out. While many brands have tried to get their products onto celebrities, many have failed.
OMVE has succeeded with many of the top celebrities today wearing the Prvcy jeans and tshirts. Celebs such as Kim Kardashian, Jessica Alba, Mark Wahlberg, Ashton Kutcher, Miley Cyrus, Eva Longoria, and many others have been seen wearing the OMVE stuff.
Pics can be seen at: http://www.prvcycouture.com/celebrities
Unlike male dominated clothing lines that Tappout, OMVE's Prvcy Couture is worn by men and women. 10 years ago $100 jeans would of been absurd, now some cost $300 and people are more than happy to pay that price.
A quick search for the term "prvcy jeans" on Google returns roughly 526,000 results!! OMVE's clothing is definitely being sold online and in boutiques around the world.
In fact, 2 weeks ago OMVE announced they entered into agreements to distribute the PRVCY-branded apparel and accessories in Mexico thus further expanding its network of international distributors and potential licensees.
They are also in talks to distribute in Great Britain, Canada and Germany in the near future.
Earlier this year OMVE traded as high as $.81. Could it be starting to rally back? View the chart here: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=omve&insttype=&freq=1&show=&time=7
If OMVE ever test those levels again the gains would be roughly 150% from the current level.
Start your research on OMVE by visiting http://www.omve.net or http://www.prvcycouture.com
Always do your own research and consult with your own financial professional.
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VALUATION AND CONCLUSION
In our view, the timing could not be better for investors and we forecast that the stock could reach $1.25 in the next 3-6 months, as. PRVCY is poised to capture a meaningful share of the premium denim market. PRVCY benefits from the sheer number of “A-listers flaunting the jeans, which has a big impact on consumer purchase decisions. Plus, PRVCY is riding the wave in the segment led by True Religion (NASDAQ:TRLG), an $800M market cap premium jeans comp to OMVE’s stock. Thus, OMVE is must-own play for the holiday season. In addition, the overall valuation should rise via the closing of new M&A by Omni in the coming months, as it executes its vertical integration roll-up strategy. We rate these shares Speculative Buy.
Change in Directors or Principal Officers
23-Nov-2011
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers, Compensation Agreements of Certain Officers
Effective November 8, 2011, Charles Lesser resigned as an Officer and Director of the Registrant. Mr. Lesser held the position of Director, President and Chief Financial Officer of the Registrant. Mr. Lesser resigned for personal reasons. In the interim, Christian Wicks, a current Director of the Registrant, has been appointed interim President and Chief Financial Officer.
On November 23, 2011, the following were elected as additional members of the Registrant's Board of Directors:
Derek Finney
Kendrick Kim
From 2000-2010, Mr. Finney was president and CEO of Freddie's Chop Shop, which was an apparel manufacturing company that produced juniors, contemporary and young mens clothing for specialty and department stores. From 2010 to the present, Mr. Finney acted as a consultant for manufacturers and suppliers of apparel.
Since 2007, Mr. Kim has been president and operational manager of Jean Genie Studio, a company which manufactures denims. From 2003-2007, he was president of Dragon Nation, a company which manufactured private label jeans.
It all depends if this is "Toxic Funding" or not
If management chose the "backer" carefully - then all will be well
All depends on $$ of Revenue, Management and the stock price.
The lower the price - the more shares must be given to pay the loan.
If the price goes too low - so many shares will have to be given to pay the loan - that the price will be "slaughtered"
All my own opinion
We hope so - the share price does not reflect any expected good news !
Thank you
Any word from the Las Vegas show ?
Anyone at the show ?
The Las Vegas Show starts on 8/22 - We could see buying into the close today and more buying tomorrow as if the show is a success - shares in the .40's will be a distant memory
Now could be the last chance to pick up shares in the .40's
All my own opinion
Lots of shares available in the .40's
There are lots of shareholders who have lost patience and are selling
That is MM's making a trade for an MM signal
MM SIGNALS !!
100 > I need shares
200 > I need shares badly but dont take it down to get em
300 > Take the price down to get shares....
400 > Trade it sideways based on Supply and Demand
500 > Gap one way or the other, usually to the direction
of the 500 trade. Sometimes -if in the middle -keep the price right where it is.
From the web....
I regularly go to Norco for work - do you have an address as I will stop buy and report back !!
PR's on a Friday fall on "deaf" ears
I expect PR's leading into the Las Vegas Show starting on Monday August 22 as well as PR's from the show or just after the show
I expect to see buying pressure next week leading into the Las Vegas Show
All my own opinion
Great close at .51
Hopefully we see the start of an uptrend next week leading into the Las Vegas Show !!
Before or after the long weekend. The last 2 weeks in August most years are close to the lowest 2 weeks of trade volume in the stock market
The show is next week 8/22, 8/23 and 8/24 in Las Vegas
There are not 1 million available at this price or any where near this price. Any attempt to buy 1 million shares will send the price to at least $1.50 in my opinion or perhaps $2
The tradable float per the company is only 2.2 million shares - more have been "created" by the shorting
I am waiting for the latest DTC report to see if there has been more shorting or if some of the short shares have been covered
L2 on the bid side is the strongest we have seen it in a couple of weeks and the tight spread seems to indicate that an upward move is about to start !!
As long as the MM's keep the spread very wide - no one will buy
Over time people will lose patience and sell at the bid at a loss to get out. The MM's can play this game forever unless OMVE issues a huge PR with orders and $$$ so that we can take the $$ value of the orders and divide by the shares to get the book value per share of OMVE
If the orders are big enough and the $$ value big enough OMVE will trade up to and over the book value of each share
If not, the price will slowly drop down and sink as without buying - prices always go down
All my own opinion - GLTA of Us still here holding !!!
Read this PR very carefully
Press Release Source: Omni Ventures, Inc. On Wednesday June 29, 2011, 12:24 pm EDT
NEW YORK, June 29, 2011 (GLOBE NEWSWIRE) -- Omni Ventures, Inc. (OTCQB:OMVE) announced today that in an effort to increase transparency to shareholders and potential new investors it will start regularly publishing the summaries of its Depository Trust Company Security Position Reports on the Company's corporate website at www.omve.net. We will commence this reporting on or about July 11, 2011. We believe that this will provide the general public with full disclosure of the number of shares, which may be traded via various electronic trading systems on OTC markets.
"Recently, we have received a number of calls from our shareholders worrying about what seems to be predatory 'naked' short-selling in our stock as well as inquiries about the number of shares in the public float. We researched this issue and discovered that the latest FINRA website report indicated that hundreds of thousands of shares of OMVE have indeed been shorted within the last several days," says Dan Reardon, Chairman of the Board of Omni Ventures, Inc. Reardon continued, "Needless to say, we are a fully-reporting company and as required by the regulators all the vital information about our company is fully disclosed in our filings with the SEC. However in an unprecedented effort to further increase shareholder transparency, we instructed our IT department to add a new feature to our website whereby anyone would be able to access the information about the number of shares in the public float available for electronic trading. That information will be updated from time to time to provide access to the most current records. We are anticipating that this feature will go live on our website in less than two weeks. In the meantime, I am pleased to announce that today the amount of shares in the public float available for any electronic trading is less than 2.1% of the total amount of issued and outstanding shares, which equals to approximately 2.2 million shares. Further, about 88.5% of the company's stock is restricted and owned by affiliates."
About Omni Ventures
Omni Ventures, Inc. is a development stage company working on a versatile portfolio of projects in premium consumer brands development and merchandising as well as consumer services. The Company is working to position itself as a strategic management holding company for several subsidiaries including the ones to be established or acquired. Currently the Company wholly owns PRVCY Couture, Inc., the casual couture apparel and accessories design, manufacturing and distribution company (www.prvcypremium.com). Management is negotiating several joint ventures with established operating companies in the fields of consumer goods design, manufacturing and distribution as well as consumer services. For more info, please visit www.omve.net.
Legal Disclaimer
The statements contained in this press release contain certain forward-looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.
Contact:
Omni Ventures, Inc.
Investor Relations:
Pivo Associates, 212.924.3548
info@pivoassoc.com
Welcome to the murky world of the OTC - Stock price manipulation at is finest. Greed and Corruption are all over the penny stock land
We are being slaughtered !
Not sure - something is "wrong" - not sure what - unless OMVE is being shorted to "death"