No, but what is likely this month or in the near future is that certain regulars on this board will come back on here talking about how big news is coming any day now, and then no news will come. This has happened again and again and again and will no doubt happen many more times.
Understand that this company has around 5 billion shares outstanding. They owe millions of dollars in judgments that they never pay a dime on. Much of this is for fraud judgments, so bankruptcy wouldn’t get them out of owing it. They have never made money. No deals they tout ever go anywhere. It has been several years since they have done any quarterly or annual reporting with the SEC. They used to do lots of paid promotions where they would tout these deals that weren’t going anywhere, but they’ve stopped doing that and it’s not likely to start again anytime soon unless they do a massive reverse split. Why is that? With nearly 5 billion shares outstanding there are all kinds of people dying to get out of this stock. They want to sell but there’s no volume. Many bought in for considerably more than .0001 a share and they’d like to see it go up to .0002, .0003 or more before they sell. A whole lot of people are waiting to sell though, and those people will be competing to sell their shares if there is a paid promotion generating interest and increasing volume. Why on Earth would the Omega guys want to spend the money and effort on another pump and dump campaign when so many are going to be selling into their news eating up the volume so they can’t dump any shares?
Get out of this company as fast as you can. There is no hope that it will go back up in price. They have never made money. They owe so much in unpaid judgments they could never actually own anything of value because their judgment creditors would go through the courts to have the property seized and sold to pay on the judgments. Their credit rating must be a negative number. They have no assets, no money and no credibility. Their only hope now is to do another massive reverse split. It would have to be much worse than the last one because they have so many more shares outstanding now. The last one turned 20,000 shares into one, but they didn’t have several billion shares outstanding in the summer if 2014 when they last did their reverse split and ended up with only like 20,000 shares outstanding which quickly tanked in value as they diluted like crazy. Pretty soon they had the overwhelming majority of all the shares outsnding and the other shareholders who had a bunch of shares only had a handful worth pennies. Since then (summer 2014) they have done lots of paid promotions touting what were obviously bogus deals and they have issued literally billions of shares more than the 20,000 or so outstanding they had after their reverse split in 2014. They may try to rinse and repeat, but to knock out all the shareholders they may need to do a 50k to 1 reverse or go deeper than that. They could easily turn millions of shares into hundreds, and then issue millions more until they get back up to several billion outstanding again. This stock will not increase much in value even with big news because so many want to sell their shares and will sell into the news, and the risk of losing everything after a reverse split is too great. Get out. Find somewhere else to invest.
