WednesdayMar 18, 2009 8:27 am

Small Cap Voice Featured Company: Omega Commercial Finance Corp. (OCFN.OB)

Omega Commercial Finance Corporation, through its subsidiary, Omega Capital Funding LLC, focuses on offering financing services to real estate markets in the United States. The company provides short and medium term loans to borrowers primarily consisting of commercial real estate developers and speculators, business owners, landlords, and owners of core and non-core assets. The company targets various alternative commercial real estate financings with an emphasis on loans secured by commercial real estate as well as on financing non-core assets, including ground up developments and un-entitled land developments, in addition to core assets, including office buildings, multi-family residences, shopping centers, and…

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TuesdayFeb 03, 2009 12:24 pm

Omega Commercial Finance Corp. (OCFN.OB) Aggregates 9+ Million Dollars in Assets

Omega Commercial Finance Corp. today announced that its current balance sheet reflects an increase of more than $8.4 million in assets due to the acquisition of a luxury casino cruise ship - the "Omega Royale." According to the press release, the increase encompasses the partial allocation of substantiated assets from the cruise ship onto its balance sheet. Based on the current amount of shares outstanding, the company estimates the current shareholder book value to be 20 cents a share. Yesterday, the stock closed at $0.017. Following this morning's news, the stock is currently trading at $0.0221, up 30% from yesterday’s…

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