Will The Nasdaq Finally Delist Ominto Inc. This MonthGuest Post
The author of this article is SHORT OMNT
Since we warned investors about Ominto Inc (OMNT $OMNT) last June, its stock has declined almost 50%. Despite this precipitous decline, we believe the stock will eventually fall even further because we expect the company to attempt to raise capital and to eventually be delisted as a result of the questionable accounting the company utilized to obtain its Nasdaq uplisting.
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