Replies to post #17987 on Omni Health Inc (OMHE)

[lesgetrich]

Les, when is that 500k note due exactly in September

I assume this is the loan you're referring to. From the last 10-Q...

OMHE 3FQ17 10-Q

The Star Capital loan was executed by the Malecon Pharmacy on June 24, 2017 (should be 2016) in the amount of $500,000. The note is scheduled to be paid off on December 23, 2017 (should be 2016) and has a monthly payment of $90,833. In September 2017 (should be 2016), the company entered into a second loan with Star Capital for up to an additional $500,000 in financing. The company has received $350,000. The company recognizes the remaining amount of $150,000 as other receivable. The company is scheduled to pay off this new loan portion on August 2017 and has a monthly payment of $49,167.

If they made their 11 monthly payments, it would have been paid off by now.

11 payments of $49,167 ea = $540,837 (with interest).

Also, the acquisition of CelebCream was announced on June 13, 2017...

Omni Health, Inc. Announces Roll Out of Anti-Aging Product Line

The roll-up of Celeb Cream into OMHE was without any shareholder dilution.

There's no evidence that the acquisition hasn't happened. Just like when you close on a new home, the acquisition happens immediately when both parties sign but the public documents may take months before they're updated. It's not unusual for OTC companies to put updating the public records low on their list of priorities. Also, OMHE is already late on their filings. This is just one more that they need to catch up on.