Omega Commercial Finance Corp (fka OCFN)

[kd1911]

If they had cash their judgment creditors would seize it because they owe millions in judgments they haven't been paying on. These guys are never going to have any substantial amount of cash laying around or anything of value that those they owe judgments could seize. They owe lots of money and are always getting sued and anyone who would buy these preferred shares is crazy because odds are the dividends will stop because this company is broke, and if they try to sue Omega for the money they'll be behind a long line of creditors who aren't getting paid either.

If they weren't broke they wouldn't have gotten involved with these toxic financers/diluters that helped them dilute like crazy over the last several months. I wonder how many shares are really outstanding now? It's quite likely over a billion. They won't tell us until way after the fact. That's the way they do things. What we won't see is that they've paid off their judgments. No telling what they've done with the money they got from the toxic financers, probably just paid people who work for them and other creditors they need to continue doing business with.