Omni Ventures, Inc. (PINK:OMVE) climbs up on full speed these days. The up move started last Friday and yesterday the 
stock added another 20% to its price. Along with the price jump, traded volume of OMVE also rose up to reach approximately 3 million shares for the day.
The most reasonable explanation on the up move turns out to be the last news by OMVE. During the past days, the company has issued several positive announcements on its business, which pumped up the stock price. The last one was released yesterday and stated that Denise Richards has tweeted about her new PRVCY jeans to an estimated 2 million followers on Twitter.
The huge PR on the social network might certainly provoke investors’ attention, though the result is still to be seen.
Omni Ventures, Inc. is a development stage company working on a versatile portfolio of projects in commercial real estate, premium consumer brands merchandising as well as consumer services. Over the past months, the company’s stock has been regularly supported by promotions and made a few impressive gains. Nevertheless, these did not last long.[BANNER]
According to its latest 10-Q report, OMVE has registered zero cash reserves, negative working capital of $322 thousand, as well as a net quarterly loss of $333 thousand. In a nutshell, the company’s short-term debt is twice as big as its current assets, which will inevitably push the company into financial difficulties unless it secures additional financing.
At the same time, OMVE closed Q1 of 2011 with a positive net result of approx. $1.2 million, meaning that under some circumstances there is a chance for the company to become profitable.
