Southern Home Medical Inc (SHOM)

[DJ Ponder]

Well golly gee looky here ....
2nd qtr here it is :



Abracadabra ....
3rd qtr Presto - Change O
POOF



NOTES PAYABLE BECOMES FIXED ASSETS !


"HEY THE AMOUNTS ARE CLOSE TO THE SAME . WHOSE GONNA NOTICE
ESPECIALLY IF I SUBMIT THE 3RD QUARTER BEFORE THE 2ND .
WHOSE GONNA NOTICE THE DEBT TABLE DISAPPEARED?



WHO WILL BOTHER TO READ THE FINE PRINT?

The company entered into various unsecured debt arrangements in the form of promissory notes to multiple companies. All the promissory outlined in the chart below have similar terms and conditions. The total principle amount owed on the promissory notes is $80,500. Each of the notes are due 10 days after receiving a written demand for payment. All of the promissory notes bear an interest rate of 10% per annum. Payment of the notes can be either in cash or converted into Southern Home Medical, Inc. common stock. If payment is made in Southern Home Medical, Inc. common stock, the "conversion price" is the lessor of (a) the price that the Southern Home Medical, Inc. common stock is trading at on the date of the conversion less a 50% percent discount or (b) $0.0001per share.The principle balance on the notes as of June 30, 2016 was $80,500. Interest in the amount of $10,066 was accrued on the notes as of the p riod ending June 30, 2016.

















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