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They changed their business model because their previous model was not
viable.Selling software was not profitable.
Omega´s revenues are coming from the brokerage part of the business.
They should have financial problems in 11 or 17 months when the cash flow
becomes negative.According to omega´s business projections they need to
triple the revenues from the brokerage department to break even.The software
department since the marketing efforts have decreased considerably is
increasing the losses.
Their expectations seem very unrealistic inferring from the past development
of their business and it seems very probable they will go bankrupt.
You can always draw your own conclusions from the available information
http://www.sec.gov/edgar/searchedgar/formpick.htm
Best regards.
>I am curious to know if anyone read the trad 10k report...basically stating
>they are in deep straights and could easily go belly up and either get
>delisted...go bankrupt...or just go out of business..no talk of take
>over....it also states that the Cruz brothers own almost 1/2 the company
>and.... the way it's very clearly warns and is stated....they would do what
>ever is in their best interest to walk away and survive.....
>
>also...
>
>is anyone using the automated trade function on a mechanical basis with
>alerts and has the new charges impacted your trading....and it appears all
>those using it are grandfathered in to their existing rates...but do you
>realize that if you fall out of place for a month you are subject to the
>new charges..I am not sure if this is true...could anyone confirm.....
>
>and
>
>I am concerned about the solvency of the company and the ways the Cruz
>brothers treated their long term loyal customer base...ie..me and you...and
>what could they do to effect any mechanical trading you might be doing that
>would change the course of your trading results and effect profits
>..or....from their standpoint...allow them to take in more
>capital......from you......
>
>thanks Jim...
>
>
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