Will The Nasdaq Finally Delist Ominto Inc. This Month

The author of this article is SHORT OMNT

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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.

Besides this questionable accounting, there are many other reasons to be concerned about OMNT including that it loses money and has not filed any financials since its March 2017 10Q.  OMNT failed to file its June 2017 10Q which was due in August...