- Ominto, an online cashback provider, has risen over 150% solely on the hype and exposure of being uplisted to the Nasdaq from the OTC exchange on 2/14/17.
- It has tiny sales, stagnant growth and consistently loses $1M-$3M per quarter over the past four years.
- A CEO of a top cash back website we interviewed hasn’t even heard of Ominto or its cash back website Dubli.com.
- Ominto has made what appears to be a non-arm’s length merger with a company that has a completely different business.
- We estimate Ominto’s value to be $1-$2 per share, for an eventual 90% decline.
Imagine Ominto was a private company looking to raise money on the TV series Shark Tank. Now imagine the CEO going into the room and saying:
"Hi...
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