Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:OMNI - Post Discussion

Omni Commerce Corp. > Yikesssss........................

View:

Post by fumperbun on Dec 21, 2018 4:07pm

Yikesssss........................

As at October 31, 2018 the Company had working capital of $3,115,638 as compared to a working capital of $3,701,500 at April 30, 2017. The decrease can be attributed to the general overhead expenditures incurred. The Company has no commitments for capital expenditures. Cash and Financial Conditions The Company had a cash balance of $2,870,622 as at October 31, 2018 as compared to a cash balance of $3,899,419 as at April 30, 2018. The decrease in cash can be attributed to the various investments the Company is currently involved in and payment of general expenditures. During the period ended October 31, 2018, the Company invested $230,000 in equity investments.

169