Disclsoure: the author of this article is short shares of Ominto, this article is not investment advice and for information only We have documented numerous problems we see at Ominto Inc. (OMNT $OMNT) and why we expect the stock to soon be delisted soon. Given how overvalued we think the stock is and how much uncertainly surrounds the company, we were surprised to see this illiquid stock move up sharply last week (on no news) from $3 a share to over $5 per share (before giving up some of its gains and closing at $3.75 last week). [activistinvesting] While it…
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