Shamika 2 Gold, Inc. (fka SHMX)

[1manband]

As much potential as there ever was. Which is zero. It is going to be revoked soon and will be completely worthless.

SHMX was conceived as an insider enrichment scam from day 1. They went public with worthless mining claims which almost immediately lapsed. They spent only a few thousand dollars on claim fees. The money they raised through the sale of toxic death spiral convertible debt was quickly transferred to the insiders in the form of "management fees". IIRC, in one quarter they paid almost $1 million in "management fees" and spent $4,000 on their mineral properties.

The SEC should have revoked this zombie a long time ago. At least before the latest obvious pump and dump which hooked a whole new group of gamblers who didn't take the time to review the SEC filings. Otherwise they wouldn't have put a penny in this dog.