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lol....it's in the Annual.....
if it's not true prove it...
Facts? LOL All of that is conjecture. That's all any shareholder has at this point since SHMN is incapable of providing concrete information that can actually be verified.
Total Current Assets
EQUIPMENT, net - 19,120
https://www.otcmarkets.com/otcapi/company/financial-report/364696/content
Seems to me equipment shows up in the Annual Report, where they were storing it isn't required in the Annual...lol.....imo they were using it.
The Company is headquartered in Chino Hills, California, U.S.A. and the Company’s strategic manufacturing facility is located in Southern California,
Property, Equipment, and Patents Equipment is depreciated using the federal tax method over the estimated useful lives, which range from two to seven years.
just a few " pesky " facts !
so first it was just a warehouse, so now it was a food related business that left mixers there....
LMAO !
Maybe contact the previous tenant and ask them if the left mixers there ?
lol....can't even make this stuff up...
the content and context of that post is bullshit....
We're seeing progress finally so I am giving the company the benefit of the doubt,
FOR NOW!!!! Keeping a open mind and it can change at anytime if circumstances change
It's been "wait until the next financial report" for over a year now.
I say we wait until the next Q report and a couple more updates then maybe we will have some of those answers.
My question still revolves around SHMN's announcements and the filings. They announced in November of last year about setting up equipment in the building. Where did it come from, how did they finance it. None of it shows up in the annual report. I know there is talk of "maybe they already had it". Where were they storing it? Not in their PO Box office. Did they ship it over from India? With overseas shipping costs, it probably would have been cheaper to buy it here than ship it.
Doing some digging into the previous tenants of the warehouse location, it appears that there was a food related business there at some point. Were those mixers left there? Possibly. If so, what has SHMN done in months then?
So many questions, yet SHMN provides no real answers. They haven't for years and I don't expect Baron or Shah to start now.
My guess is they will be getting help in the financial area. Why set something up if you can’t run production. That would be asinine. I think the next couple updates will help make things clearer.
SHMN has yet to prove that they are not full of it either. Granted they haven't diluted, but they also have no cash and will need a ton of it to create and run a manufacturing facility.
It’s way more then most otc companies, many are just lying sacks of Sh!t that do nothing but dilute on pie in the sky prs.
So at least shmn has something that is making a product and revenue. So well will see how it shacks out
Honestly, very few people will be excited by the scale of operation that those mixers provided. For SHMN to be a real pharma company, they will need to produce in mass quantity as the margin for products is very low, considering production costs (raw materials, wages of workers, logistics, building lease, utilities, etc....)
Also the company said they are very excited about the operations and future of sohm,
And that's good but I want everyone to be excited especially new investors. So hopefully the next few updates can start to get the Buzz going in the Investors world.
The OTC world right now in general is pretty weak. Not a lot of money pooring in.
So in order to get this stock moving we need to stand out from other OTC stocks.
Company email me yesterday and said it will be fixed next week
Format Changes, OTCM Template changed:
According to OTCM, "The Disclosure statement template has been updated with some small changes to comply with SEC 15c-211 requirements."
It appears that SHMN used the most recent "template" with both filings on 3-30-23, and 04-05-23. Both were Template version v4.0 January 2023. I'm not aware of a Template change after that, if anyone is please post. See below examples of some changes.
New Version:
Example of older version:
The first attempt had a blurry page:
They fixed it with this page:
"Machine Readable" pages are required, as per the new Template, see here, and as pointed out first by SLC-JD:
They did fix the Accounting Error, see old and new:
One nice addition to the new "Template" is the fields that allow the Company to put in other means of communication to the Public, see here:
Unfortunately, they still won't disclose who owns the 51 Preferred shares:
_______
Regarding the link that myth posted yesterday to the HH*E blog, it appears that their most recent Annual Report used an "old" Template.
All for now. PC shouldn't be long we suppose, and I'd have to imagine that the Annual Report has been sent to the Attorney for his/her Opinion Letter, forthcoming.
hl shmn
Stock Market closed today, still Pink Limited.
Shouldn't be too long, I imagine.
hL shmn
So have updates been pushed back until next week?
oops, a typo !!!!!!
oh no !!!!!!!
it'd no big deal.....period.
No Big Deal I guess....Warning! Limited Information:
"OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b). "
______
If the OTC is satisfied, the PL will possibly be lifted in a day or two...
All we ask Baron, is that you let ALL of us know what's going on...don't create room for speculation or distrust. imo.
As seen above, PL isn't something to be shrugged off...or minimized, imo.
hL shmn
lol...ok, it's my fault...
it was an idea because another co had the same issue..
Is that why you posted this link on Formatting?
YOU brought up the "Formatting" Issue, not me.
"New OTC Formatting Rules - Require Modifications to prior HHSE 12-31-2022 Filing
The sudden appearance of a "Yield" sign on the OTC Markets page for HHSE today prompted us to reach out to find the reason. Apparently, as of March 1st, the format in which our disclosures are presented have been modified for all OTC Markets filers. This is not to imply any deficiency in the filing, only that it doesn't fit the specific new formatting requirements that were listed on the OTC Markets site in February. It will take a day for #### to reformat and submit this same information into the new layout format... so it will likely result in the "Yield" sign for a few more days as the OTC Markets deals with the large back-log of companies that also were unaware of the formatting changes. Hold tight!! "
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171622822
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171622302
"From what I understand it's a " formatting " issue, but best to wait for them to address it."
_____
The idea came from YOU.
Also, if there was no "imaging" issue, why did they correct the IMAGE?
_____
But you are right, we should wait for the company to communicate only through a couple emails, or we should wait for posts talking about "formatting" issues, instead of getting a simple Tweet from the Company telling ALL shareholders what the issue is and how they are going to fix it...too much to ask I guess.
"Pink Limited" No big Deal, I guess.
HL shmn
I sent an e-mail to the co because a shareholder requested it, I got a response....
I guess I'm one of a ' select " few...lolol...
There was no format issue, there was no imaging issue, there was no scanning issue...
in other words it was no big deal....
I want to see how SHMN runs a manufacturing facility with no money, no NDC codes for products and no experience.
"Pink Limited." No big deal.
Minor typo error fixed. No big deal.
Imaging error fixed. No big deal.
Failure to explain to the investing public, but instead only a select few got emails. No big deal.
Numerous other issues in the filings have been discussed, including the mysterious owners of the 51 preferred shares. No big deal.
Trading at .0008. No big deal.
Excuses by Baron, and us.
No big deal.
Hl. Shmn, no big deal.
that's the same answer I got, a simple typo error...
like I said before, no big deal..
Yes, the format is changed for some disclosure information. SHMN has them on it. I think OTCM has changed and added Security information.
I checked with the company and they said minor typo error in the statement of cash flow.
Page 15 is "machine readable" now.
(Not imaged/blurry) I haven't looked closely to see if there were any other "formatting changes."
I emailed OTCM asking for any specifics they can provide on new recent format changes. If they respond, I'll post here.
HL. Shmn
The company filed a new annual report.
Hopefully OTC markets review them tomorrow and bring back to Pink Current.
Just saw changes in the "statement of cash flow", last two lines. Rest is the same.
Everything is a big deal from here on out. I will magnify SHMN issues as justified, don't care if those issues are minimized.
"Grief stricken and anxious." Been labeled worse I guess. hL shmn
lol...I never would have posted the tier downgrade if I knew it would cause so much grief and anxiety....
I still say it's a non issue, why, because they did file on time.
Had they not filed, I would be a bit more agitated, but that's me !
and btw, I never said I didn't believe you, so we will wait and see.
If you don't believe me, let's wait and see..."some brokerages may take exception to online orders."
"affect and complicate..."
"Not everybody is as free..."
I know of several that are affected, complicated, or require call-in orders on PL...not my job to provide the list...feel free to come up with your own.
Don't believe me, let's wait and see.
Better yet...let's just release nice news right at the time we went PL, that's perfect timing.
Let's not forget why we're having this conversation...it's CEO negligence imo...don't shoot the messenger. I'm done with this conversation.
hL shmn
so what Brokers won't handle a Limited Info ticker hl ?
Hold off on your news/updates Baron. Since we're Pink Limited it is going to affect and complicate who can trade the stock...as some brokerages may take exception to online orders...
Not everybody is as free with PL stocks...
No big deal though...what's another week or two.
HL. Shmn
I see that now, if that's it an easy fix....
Agree page 15 looks hazy/blurry. I don't know what the formatting issue is, but by now Baron does...he probably knew a day or two ago. He probably knew if he was paying attention that page 15 was too blurry to fly...the day he uploaded it!
"Oh well, if they don't like it I'll send it later." ~ Baron
Thanks slc-jd for the input
hl shmn IMO.
Thanks JD, appreciate it...
one would think they have been advised, but I'll send it to them...
I'll reply here in hopes that the company sees it, or someone forwards this to them:
Important Notes under Section 9(B):
I'm not telling you anything hl, because I don't know the procedure.
All I know is other co's were affected too as I stated.
What I did say is I don't believe they intentionally filed in the wrong format hoping it would fly....I also said imo it's no big deal.
No excuses for Baron. Are you telling me OTCM didn't send an email to every OTC company probably in early February or earlier, informing them of formatting changes?
Maybe more than one email?
Maybe a prompt when logging in to OTCIQ reminding them of format changes?
OTCM didn't spring this on thousands of companies at the last minute.
Lots of other companies are Pink Current today...they must have gotten the memo, and got it right!
Attention to details Baron, no more excuses. "I'LL FIX IT LATER " doesn't fly anymore.
Are you so slammed busy taking orders that you can't get the filings right?
HL. Shmn
I see no reason to worry about that being filed....
I don't think they submitted filings and hope they fly, I also don't think it's a big deal....
as far as knowing in Feb ?
I doubt it very much...
No, Attorney Letter due before May 1.
To qualify for Current Information on an ongoing basis, companies must:
? Upload reports through OTCIQ on the following schedule:
o Quarterly Report within 45 days of the quarter end
o Annual Report within 90 days of the fiscal year end
o Attorney Letter within 120 days of the fiscal year end.
https://pdf.dfcfw.com/pdf/H2_AN202110201523833326_1.pdf?1634708745000.pdf
hL shmn
OTCM provides proper formatting in advance.
OTC companies know the rules in advance. (Edit< they knew in February according to myth's link) They shouldn't just submit filings and hope they fly, knowing the format has changed, and probably with plenty of notice.
Excuse the Company if you want, but it's on them, not OTCM. Failure to follow the rules, "I'll just fix it later" mentality isn't going to fly here. "Pink Limited" is a big deal, especially to a Company that is trying to earn back Investor Trust. They don't need to give any more reasons to alienate Investors/Traders.
If Baron had a clean track record, it would be one thing...We all know how the filings and disclosures within them have been a subject for much conversation.
...and let's not forget, we're still not out of the woods until we get an Attorney Letter by the due date.
NO MORE EXCUSES.
hL shmn
Here's what another ticker said yesterday when they went limited.....they filed on time also
http://hannoverhousemovies.blogspot.com/
Missing the attorney letter?
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Website: http://www.sohm.com
TWITTER FEED: https://twitter.com/sohminc?lang=en
FACEBOOK FEED: https://www.facebook.com/sohminc/
PRESS RELEASES (SOHM Website): https://www.sohm.com/category/press-releases/
NVSOS: http://nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=DraWvY7hzMLlBgmKhjdRSQ%253d%253d&nt7=0
NVSOS ACTIONS/AMENDMENTS: http://nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=DraWvY7hzMLlBgmKhjdRSQ%253d%253d&CorpName=SOHM%2c+INC.
Contact info.
Phone: (714) 522-6700
Address:
4195 Chino Hills Pkway
Ste 675
Chino Hills, CA 91709
Email: info@sohm.com
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https://www.globenewswire.com/news-release/2023/09/26/2749662/0/en/SOHM-Announces-Its-Acquisition-of-ABBIE-a-World-Class-Gene-Editing-Platform-Which-Can-Deliver-Genetic-Payloads-Using-Non-Viral-Vectors.html
SOHM Collaborates with University of Arizona Center for Innovation to Advance ABBIE, a Groundbreaking Non-Viral Gene-Editing Technology
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