Well, I just finished scrutinizing the 8K involving Omni View, and I'll say this about it: It is a healthy move to finally see that the company is facing up to the necessity of granting some control to professional parties outside of the small group of insiders that have been the only ones in the control center of decision making thusfar. Healthy move if you ask me.
And one thing I noted is that Omni View & any entity associated with it or affiliated to it are prohibited from short ing the stock, and although they are not prohibited from trading the converted restricted shares they obtain, they are limited to no more than 5% of a given day's volume if they do convert their restricted shares and sell them into the market.
So, shorting is taken off the table by specific provision and selling outright is limited to no more than 5% per day. Figure that one out.... supposing you want to sell shares and you are Omni View. In that you have no idea of how many shares any given day will be as the day begins its trading, you are thus faced with having to sell only at the end of the day. Thats the only time in a 390 minute day when you can actually know what shares constitute the 5% limit.
So obviously, dumpage will not be occuring during the day.
Oh... and they are going to have to hire the Omni View legal firm & the Omni View accounting firm (for auditing). The hiring is specifically for "evaluation" of the two service providers, and if they are more expensive or less in quality, then the evaluation is a failure and SFMI is not stuck with outside service providers.
This is obviously a "limited" baby step towards relinquishing control and I see any move towards this inbred kingdom (LOL) as an improvement. Even though a baby step, its still a step in the right direction, IMHO.
And finally, Omni View gets to put a BOD candidate into the next meeting of the BOD. The current BOD does not have to do anything other than "evaluate" the candidate, but at least there is a crack in the pathological mindset (my opionion... calling it pathological.... my opinion only) that keeps everything in tight control.
Another "baby step", bolted down and encumbered by open ended "evaluation" phrasings, but still... baby steps towards more openness to outsiders.
We'll see who the "evaluation candidate" for the BOD will be.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
