RE:shareholders unite Well right now the current deal Due diligence period ends the end of this month. I think it makes the most sense to see what comes out of this and if we can start trading again. That way at least whatever money is on the table can come off. It has been halted a long time.
The most recent update was that the review period was extended . So let us see what happens.
My problems with Omni, formerly Mezzi of course actually go back to the issues with the prior CEO
-Sales reported on quarterly statements that turned out not to be sales
-Only found this out in the summer of the next year AFTER KR sold nearly all his stock
-Only found out in a table in MDA with no explanation in the financials
-the whole Mekenix deal
I know KR received a slap on the wrist for something unrelated but these were the real problems here.
Deals happening or not happening is hard to prove much.
Usually the best way to do things is go after director insurance.
I am willing to give the new CEO a chance to get this deal done and at least communicate with shareholders.
I also think part of the problem (as I have mentioned before) is these long trading halts.
The original intention was to stop every company from pumping their stock price by saying they were a blockchain or pot company.
But what happened is public shareholders all over have been turned into private placement people unable to trade in or out of stocks.
This has done little to help shareholders. IT has only hurt them. It has also allowed management of companies to do whatever they want with funds and keep getting paid while PUBLIC shareholders are locked up for a year or more.
So there are a few different things going on here. So I say before we sign a mass note to regulators on all these issues we see what the next few weeks to month hold on this deal.
I for one , will never buy another venture stock again. I did "ok" here and do not have a lot on the line due to selling some after loading up cheaply on the last sell down. I took some out at 40 cents or something (its been so long cannot remember) but lots of people lost a lot here.
No one wants to be in a market where your stocks are tied up for a year not trading.