The company recently announced news why don't you give the new CEO a chance to turn this company around. All the SEC can do is make sure all your money is gone. I never understand why investors do this they are only hurting themselves. Granted the PR seems like the company is in a fantasy world but lets see what they come up with.
OMEGA COMMERCIAL FINANCE CORPORATION ANNOUNCES THE APPOINTMENT OF TODD C. BUXTON AS CHIEF EXECUTIVE OFFICER
MIAMI, FL -- (Marketwired) – April 6, 2015 -- Omega Commercial Finance Corporation (OTCPINK: OCFN) a publicly traded financial holding company recently filed an 8K materially announcing—OCFN Board of Directors along with Chairman Jon S. Cummings IV disclosed today that Todd Buxton has been officially appointed as Chief Executive Officer effective immediately.
Over the past 5 years Mr. Buxton has worked within the capacity of an advisory role to the company through Bentley-Addison Capital Finance and therefore has a vast familiarity with OCFN, its business model, and associated goals and initiatives. His previous and ongoing involvement served as a precursor to this natural transition as Chief Executive Officer for OCFN. Mr. Buxton’s directive is to significantly improve the strategic operational execution and integration of new and existing subsidiaries with a goal to accelerate profitability and growth for the company. Jon S. Cummings IV, Founder and Chairman states, “Todd’s extraordinary vision to create and facilitate the structuring of our various synergistic subsidiaries coupled with his ability, I believe, to administer these associated operations moving forward is a valuable asset to OCFN. More importantly his proven fortitude is a key factor towards achieving the company’s ultimate goal for 2015 of becoming a NYSE listed company.”
Mr. Buxton shall report to Mr. Jon Cummings IV as President/Chairman of the Board and the Financial Committee for OCFN. He will also work alongside Eran Danino CEO of OCFN’s core operating subsidiary company, Omega Capital Street. Mr. Cummings IV will continue to prudently serve OCFN with stringent oversight administering all financial, legal, and compliance tasks.
Mr. Buxton brings to OCFN, his astute ability as a dealmaker, public relations facilitator, and motivator focusing on initiating innovative stratagems for creating growth strategies and solving complex transactions that help lead the company forward. Mr. Buxton has a strong foundation in the commercial real estate construction management industry and real estate developer/contracting business as well as the information technology field. This experience stems back to 1992 spending valuable time as the marketing director for a well established commercial contracting and construction management firm under their construction management division. The company was responsible for many high-profile projects in the Midwest and Eastern parts of the country. From there Mr. Buxton with his entrepreneurial spirit branched out on his own and has owned and directed various successful business ventures including his consulting business which lead him to OCFN.
About OCFN
Omega Commercial Finance Corporation is a publicly traded financial services holding company with its principal companies operating in the commercial real estate finance, asset backed lending and advisory services, real estate sales and brokerage, and capital markets sectors. As a holding company, OCFN collectively along with its subsidiaries' management teams have a combined 150 years of experience and knowledge across their respective business lines. Key umbrella of companies are: Omega Capital Street, Omega Asset Backed Fund, Omega Factoring, Omega Venture Capital, Veritreck Holdings Inc., and AmericaVest Mortgage Trust Inc.
AI
