Miami, FL – April 26, 2019 – UndergroundStocks.com, an elite wall street independent small cap media group with a history of bringing lucrative opportunities, Reports on Omni Health, Inc. (OTC: OMHE).
Omni Health, Inc. (OMHE) Was incorporated in Nevada on January 22, 2014. They began as a technology company that was engaged in the manufacturing and retailing of nicotine-free Electronic Cigarettes (“eCigs”) that are prepackaged with vitamins, nutrients, and generic pharmaceuticals.
OMHE was originally formed as a wholly-owned subsidiary of mCig, Inc. On February 24, 2014 the company entered into a Contribution Agreement with mCig, Inc. In accordance with this agreement VitaCig, Inc. accepted the contribution by mCig, Inc. of specific assets consisting solely of pending trademarks for the term “VitaCig” filed with the USPTO and $500 in cash as contribution in exchange for 500,135,000 shares of common capital stock representing 100% of the shares outstanding of the Company.
On June 17, 2017 VitaCig acquired Malecon Pharmacy, Inc., in a Stock Exchange Agreement. VitaCig issued LX Retail Group, LLC 575,000,000 common shares of stock in exchange for 100% of the stock of Malecon Pharmacy, Inc. Malecon Pharmacy, Inc., operates as a subsidiary of VitaCig, Inc. Malecon Pharmacy is a pharmacy that operates in Hialeah, Florida since 1974.
LX Retail Group, LLC Merger Takeover
A reverse takeover or reverse merger takeover (reverse IPO) is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. The transaction typically requires reorganization of capitalization of the acquiring company.
Omni Health, Inc. (OMHE) currently with a stop sign in the otc markets is hurting long term shareholders and the company’s operations. Word on the street is that a BIG group of investors are currently reaching out to LX Retail Group, LLC via email, phone, and social media.
As per OMHE filings LX Retail Group, LLC owns 575,000,000 shares and most important the voting rights. LX Retail Group, LLC has the power to request a Reverse Merger and send it to a vote. Since they control the majority, it is likely to pass. The merger will activate the company’s operations and it will bring value to loyal shareholders once again.
Malecon Pharmacy, Inc., is a wholly owned subsidiary of OMHE with annual revenues estimated at $2,499,336. We are looking at a mega merger for OMHE if executed correctly, this type of opportunity for potential investors are very rare in the OTC.
OMHE Near 52W Low
This undervalued stock near 52W low should be in everyone’s watchlist. OMHE’s current share structure is the following: AS 2,000,000,000, OS 1,136,969,463. The market cap at the time of writing was $682,182. The current share price is $0.0010.
Chart Technicians Predictions
OMHE closed at a key resistance point today (.0010). The stock breached that resistance in todays trading day. If we see a break of .0010 followed with a break of .0012 the stock has a good chance for a re-test of .0020-.0040 level.
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