Replies to post #9325 on Omega Commercial Finance Corp (fka OCFN)

[Hokie]

history is good stuff!

[Hokie]

Operating Expenses


Total expenses increased to $2,516,171,273,134 for the twelve months ended December 31 2014 from $2,312,439 for the twelve months ended December 31, 2013, an increase of $2,421,440,920. The increase was primarily due to $2,510,021,162 in services to consultants, contractors and officers paid in common stock, $8,000,000 in services paid in preferred stock, $3,635 paid in preferred stock for continued relationships, $511,244 in commissions and compensation, an increase of $186,456 in legal and professional fees, increased rent of $132,277, and an increase to $47,331 in other expenses.

[Hokie]

Loss From Operations


We generated a net loss of $2,536,808,593 for the twelve months ended December 31, 2014 compared to a net loss of $2,471,384 for the same period in 2013 due to the circumstances set forth above.

[Hokie]

During the 3 months January 1-March 31, 2015, the Company issued 1,016,037,381 shares of common stock to convert debentures and interest at various conversion rates. The Company also issued 329,000,000 shares of common stock for services, and 50,000,000 shares to its wholly owned subsidiary Omega Capital Street in anticipation of mergers and acquisitions.