tag:blogger.com,1999:blog-9214368411532770626.post4111769567824876983..comments2015-04-20T15:12:32.820+10:00Comments on The Great Australian Investment Ponzi: OMI Holdings (OMI.AX) launches new revaluation fraudDr Benwayhttp://www.blogger.com/profile/07733149271772819325noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9214368411532770626.post-63693065869959075852014-02-27T13:33:16.463+11:002014-02-27T13:33:16.463+11:00iSentric is purportedly in "mobile technology...iSentric is purportedly in "mobile technology", but what it does is not of importance here, it could do literally anything (or nothing) and still function as a vehicle for this securities fraud. The iScam inflates book values for both buyer and seller. The operators of OMI get a company with "assets" of $14m, while DNA can report a "profit" of $3.5m.<br /><br />Most of the $250m shares will go directly to DNA. However, it is virtually guaranteed that, at some later point, OMI will attempt to issue shares based on its cooked books. This is after all the whole point of an ASX-listing: it is a license to issue shares to the public, and you can use as fraudulently cooked books as you wish.Dr Benwayhttps://www.blogger.com/profile/07733149271772819325noreply@blogger.comtag:blogger.com,1999:blog-9214368411532770626.post-29601618639538353872014-02-27T10:40:51.827+11:002014-02-27T10:40:51.827+11:00That should be "or straight to DNA.......?&qu...That should be "or straight to DNA.......?"The Central Scrutinizerhttps://www.blogger.com/profile/09978484230689380341noreply@blogger.comtag:blogger.com,1999:blog-9214368411532770626.post-58796248661125621832014-02-27T10:39:39.708+11:002014-02-27T10:39:39.708+11:00So is OMI hoping to sell its new issue to outside ...So is OMI hoping to sell its new issue to outside suckers, or straight to OMI in return for iSentric?<br /><br />And what is iSentric, the equivalent of Alcyone, i.e. fraud?The Central Scrutinizerhttps://www.blogger.com/profile/09978484230689380341noreply@blogger.com