Omni Commerce Corp. V.OMNI

Consumer Cyclical

"Omni Commerce Corp is a brand management company, which is engaged in the sale and distribution of various consumer products and fashion accessories. Its segments include Mezzi, which includes leather goods; MLine, which includes luggage and cases, and Capital Eyewear, which includes hand-made eyewear. The company is also engaged in the business of producing, developing and marketing different brands and categories of consumer products through omnichannel sales platform."

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Omni Commerce Corp. > Interim statements posted with MDA

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Comment by deeton Oct 25, 2018 3:13pm

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Post# 28873379

RE:Interim statements posted with MDA

ctblizzard wrote: Late Sept the Interim statements posted for the 3 months ended July 31, the MDA also has more info.

Based on what I can tell we need to raise that 7 million dollar round of money in order to have enough money to complete the 4.8 million total purchase price since we only have about 3.3 million in the bank.

The dilution looks to be about 2/3 AFTER the 1 for 4 reverse split.

So just working the numbers along with Eric's prior thoughts on potential valuation I am coming up with best case scenarios much lower than he expected.

And even those numbers are not certain given the performance stock issuance potential as mentioned in the reports which would further dilute things.

Even if the valuation was 2.00 a post deal share, you would only have 1/4 of the shares after the reverse so it could mean 50 cents tops (if that)

This process has to change, been following up on other halteds and its been a disaster