Replies to post #9233 on Omega Commercial Finance Corp (fka OCFN)

[kd1911]

Price will still drop through the floor. It always does when there is a massive reverse split. You keep thinking these guys are going to uplist to the NYSE. That's just crazy, vargass. Let's say they have a billion shares outstanding and they do a 50,000 for one reverse split. They'd then have 20,000 shares worth $5 a share, theoretically. But who is going to pay that much for shares in this worthless company? Nobody. Price always drops precipitously after a massive reverse split. That's just the way things work. The price will not stay at over $3 a share like they would need to uplist, and even if it did that three dollar price point is just one of several factors that have to be in place for this company to uplist to the NYSE. It's not going to happen.

And you know what? If by some miracle it did happen these guys would regret it because reporting requirements are much more strict on the NYSE and these guys would be in trouble in no time.

If there is ever a chance for this company to get on the NYSE, they're going to have to change their ways. They need to start actually getting the loans they claim to get. They need to start making money. They need to pay off those millions in judgments that they owe but never pay on. If they'd start being decent human beings that provide value for what they take from people, they could actually start making a living. It matters not if they're on the NYSE. They seem to be of the opinion that being on a stock exchange is just a way to print money to pay their living expenses. That's not really it though. They have to make money as a business and then hopefully they can raise more money to grow even more through appreciation in the value of their stock. It's not going to work the other way around. Serious investors will do their due diligence and see the history with this company and the fact that they don't make money, are always in debt, always getting sued and not paying on their judgments. They aren't ever going to be able to raise serious money until they become a serious business.