Replies to post #9226 on Omega Commercial Finance Corp (fka OCFN)

[gemmerling]

Share Structure is a little harder to determine. You have to make an educated guess buy looking at the 8K's. Sometimes the stock issued is restricted and when it comes off restriction dilution occurs. Sometimes issued stock is sold into the market after it is issued. There are usually board posters on some of these stock that do the math for me. Also sometimes if known diluters are on the ask you know financer's are dumping. That is the case here since VFIN is a diluting market maker on the ask for OCFN. When they back off the stock usually recovers.

http://www.otcmarkets.com/stock/OCFN/quote

One 8K from OCFN.

On October 17, 2014, Omega Commercial Finance Corp. (“Omega” or the “Company”) entered into a definitive agreement (the “VeriTrek Agreement”) with VeriTrek Inc., a Delaware corporation (“VeriTrek”) and Ronnie Hale and John Manno, VeriTrek’s majority shareholders (the “VeriTrek Shareholders”), pursuant to which we acquired a majority ownership stake of seventy-five percent (75%) of VeriTrek’s common stock at a purchase price of $15 million ($15,000,000), payable by the Company issuing 15,000,000 shares of its restricted common stock to the VeriTrek Shareholders with the shares valued at $1.00 per share. In addition, these shares were subject to a one year lock up. On October 30, 2014, the parties amended the VeriTrek Agreement, pursuant to which we transferred back 600,000 shares of VeriTek’s common stock to the VeriTrek Shareholders and the VeriTrek Shareholders transferred back to us 6,750,000 of the shares of our common stock which we issued to them. As a result, our equity interest in VeriTrek was reduced to fifteen percent (15%).

On March 12, 2015, the Company and the VeriTrek Shareholders entered into a second amendment to the VeriTrek Agreement (the “Amendment 2”), providing for the consummation of the acquisition as originally proposed, by reissuing an additional 6,750,000 shares of Omega’s restricted common stock to the VeriTrek Shareholders in exchange for 600,000 shares of VeriTrek’s common stock held by them, thereby increasing our equity interest in VeriTrek to seventy-five percent (75%). This transaction closed on March 23, 2015.

VeriTrek currently maintains seven operating companies branded as Summit Real Estate Group (“SRG”), which are licensed as full service 100% commission brokerage firms specializing in providing residential and commercial real estate services through the United States. The SRG companies are inspired by technological advancements and innovative marketing strategies. SRG was founded on the principal of developing an ecofriendly, cost efficient and cloud-based platform for conducting real estate brokerage services. SRG has evolved into an extremely efficient national real estate brand of 800 agents promoting a positive and professional culture.

[gemmerling]

I didn't know it was unlimited shares. Why would they do a RS if the share structure is unlimited that doesn't make sense?