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Monday, June 12, 2017 10:02:45 PM
Omvs is heavily in debt as well as rad....
When the 2 companies merge if at all the new company will have to do a securities offer as well as toxic financing which will result in more dilution which is ongoing now in my opinion...
Projected revenues for RAD is 1.5 million...
Rad has stated it has contracted 15 robots, the 1. 5 million revenue equates to 100k per robot...
Once these 15 robots are completed rad projected revenues aren'the enough to keep the company funded thus ending up in the red, like omvs...
Hence the resulting toxic financing will result in more dilution requiring the new company to effect a reverse split to repeat the process...rinse and repeat in my opinion...
Omvs hasn't released financials yet and is overdue...
Both omvs and rad are in need of funds severely and thus in my opinion the merger may happen sooner...
As well as omvs has notes due and I believe diluting heavily now..in my opinion
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