Replies to post #9334 on Omega Commercial Finance Corp (fka OCFN)

[kd1911]

If they're paying that much no wonder they have debt problems that put them in the position where they must resort to toxic financing that results in ridiculous dilution at shareholder expense. If their rent is $14,651 per month, that's over $175,000 a year which is an awful lot to spend to pretend like your company is successful when it is clearly not. They've never been profitable. How can they pay this? They're going to have to do a monstrously huge reverse split and then dilute like crazy again to raise money to meet their obligations. Have they no regard for their fiduciary responsibility to shareholders? Silly question, that. Of course they don't. That's clear by their past and present actions.

[kd1911]

I've been right. You've been wrong. The wolf is very real here. (Referring to your deleted post where you say I'm like the boy who cried wolf.) You pumped the heck out of this stock before the 20,000 for 1 reverse split. You pumped like crazy again this past winter before share prices tanked completely and this became a trip zero no bid stock. I was "crying wolf" the whole time. What were you doing, vargass? You've said yourself they're going to have to do another big reverse split. You say they won't dilute afterwards, that they're going to do extremely well and uplist to the New York Stock Exchange, but anyone who has been paying attention to this company should see that as delusional talk. They barely make any money and they spend way more than they make. The big deals they get into always seem to fall through. They supposedly made over $400,000 last year but most of that probably came from the sale of shares of their preferred stock they have to pay 18.25% dividends on, and of course they spent way way way more than that. They're in serious trouble. They're even being sued again and are stuck trying to pay off lawsuits from last year and have over $2.3 million in judgments from several years ago they have never paid a dime on and those judgments have been accruing interest all along. Last summer after their reverse split they had less than 30,000 shares outstanding and now they have well over 1.5 billion outstanding? They're going to do it again.