Replies to post #8240 on Omega Commercial Finance Corp (fka OCFN)

[kd1911]

So OCFN is supposed to come up with $200,000,000? They don't have any money and it's pretty clear they've never gotten anyone any of the big multimillion dollar loans they claim to get or we would have seen better numbers in their SEC filings. They've put out a lot of news over the years of great big monster loans they were getting companies, but every one of them has fallen through. All this news says is that some asset management company (co-owned by Omega Capital Street) has been hired to manage this money when Omega gets it for them. This kind of news has come out many times in the past and it never goes anywhere because Omega never gets the money. You have to look at their history and take anything they put out there with a grain of salt. I don't believe a word of it. Notice that they have two funds, one that is expected to have $300,000,000 in it in twelve months, so it could have $4 in it now. The other will have $200,000,000 when OCFN poops it out somehow.

[HIFI]

if it's a subsidiary of OCFN it's a big deal

looks like OCFN should be making big money :-)
http://omegapublic.com/ocfn-subsidiaries/