SoOum Corp. (fka SOUM)

[Fishmonger]

You are so lucky to Josh Sason on your side!


Magna Group Capital Management Joshua Sason Fraud, SEC Litigation, Destroying companies, Dumping Sto





2 of 2 Magna Group Capital Management Reviews


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Sep 02, 2012

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agna Group Capital Management Joshua Sason Fraud, SEC Litigation, Destroying companies, Dumping Stock

SMHS - they wouldn't have raised the Authorized Share count if they didn't plan on issuing more shares so you are right in considering them raising the authorized share count from 500,000,000 to 2,000,000,000 as being a major red flag.

As of the last disclosed share count the SMHS share structure looked like this on March 31, 2011:

A/S - 500,000,000

O/S - 227,325,132

Float - 112,300,132

Just the fact that they raised the A/S from 500,000,000 to 2,000,000,000 shows that the O/S has most likely gone up and is very close to 500,000,000 shares now. We have no way of knowing what the float is at now unless the TA is ungagged.

The mods on that forum must be inactive because the IBOX is extremely outdated. Several filings have come out since the numbers listed in the IBOX which more current share count numbers.

I really am not understanding the statement about the new authorized shares being restricted. It all depends on what the new shares are issued for whether or not they are restricted.

SMHS has a history of issuing free trading shares to a company called Magna Group LLC which according to SMSH is owned by Jason Sason

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