Omega 20F issue, magnetized?

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Hey now,
My recently purchased CK730 only works when crown is facing down. Faced in other directions it either stops or the beat sounds really clunky. My Iphone indicates it's magnetized, could that be the issue? Still very happy about this purchase!
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That is probably not the issue ..however, it cannot hurt to demagnetize it ...
 
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Hmmm, maybe having the regulator floating out in the ocean could be part of the problem...
Edited:
 
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That is probably not the issue ..however, it cannot hurt to demagnetize it ...
Thanks man, appreciate the comment
 
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Hmmm, maybe having the regulator floating out in the ocean could be the part of the problem...
LOL! Yes that will certainly be adjusted. Thanks, hopefully it's the obvious.
 
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Hmmm, maybe having the regulator floating out in the ocean could be part of the problem...
Update: So far so good! Put it slightly towards slow from the middle.
 
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The answer is likely to have it checked out.
Yeah, the regulator did not do the trick although it slightly improved.
 
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Balance staff.
Thanks, that appears likely. Hope there's a skilled guy out there somewhere for that replacement.