There's been no news at all. Probably the reason we're hearing the crickets chirping...

Wow, what a swing in price this morning! Nice to see someone loading up on the dip.

Nevermind, I found them. If anyone cares to take a peek:

http://www.otcmarkets.com/stock/SHOM/filings

Aren't second quarter numbers due out today?

I was emailed the August Update to Shareholders. Must have gotten on an email list due to corresponding with the company. I apologize for the cut and paste look to the info, but that was the only way to get it on here. Report is not on company site yet, but should be by tomorrow. Wasn't a bad month...wasn't really a good month either. I found it interesting in the report that Jeff states that the company receives 2 to 3 calls a week from IR groups wanting SHOM shares to pump and dump, but the company does not want any part of it. Good for you Jeff (and us)!

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July was OK for SHOM. Equipment purchases were up causing less net profit but this will balance prior to quarter ending. Most all other line items were close to same running levels.
Share Information is below; as well as: http://www.otcmarkets.com/stock/shom/quote or www.southernhomemedical.com
Outstanding Share Count
Common 245,490,122
Preferred A 19,827,000
Preferred C 16,131,250
Authorized Share Count Shareholders
Common 500,000,000 1952
Preferred A 25,000,000 5
Preferred C 25,000,000 28
2012 May Results 2012 June Results 2012 July Results
Revenues 83,799 Revenues 70,643 Revenues 70,704
Cost of Goods 17,171 Cost of Goods 6,667 Cost of Goods 19,984
Expenses 45,527 Expenses 46,571 Expenses 43,314
Net Income 21,102 Net Income 17,408 Net Income 7.408
Current outstanding payable for the PCAOB audit with Scott & Company is $45,453.98.
ApneaRx (www.apnearx.net ) has now been approved by the North Carolina Board of Pharmacy to conduct DME business in the state of North Carolina. Learn more about the Board of Pharmacy in North Carolina at www.ncbop.org .
Answers to email questions:
1. Scott & Company has not completed the 2011 tax returns as of yet. Plans have not changed to post on the OTC website when complete.
2. The audit will be for 2010 & 2011. There will be additional fees IF we decide we need or want 2012 to be updated quickly.
3. Everyone needs to stay informed of current legislation with the current health care bill that’s been upheld. This will have a major impact on the reimbursement to all health care providers. Don’t let people tell you different.
4. We get as many as two to three calls per week from IR Firms trying to convince us that they can raise us all kinds of money if we will do business with them. We respectfully take all calls. However, same ole song and dance each time, give them a ship load of free trading shares and they give us a paddle boat in return. No thanks, we don’t want any part of this. Many times they get angry of our unwillingness to take their offer. Most of these people have only one agenda, their self-fulfilling pockets.
5. Second quarter financials will be posted with OTC market on August 15th, 2012.

That would be huge given all the selling today.

Although things can change very quickly, there has been steady buying over the last few hours. Hopefully the selling has eased up.

To tell you the truth, I don't know what to make of it. Maybe someone knows something regarding the numbers set to come out prior to the 15th. Not sure.

Sure is tough to watch though...

Any thoughts for the downside action today on higher than normal volume?

Nice volume...too bad it's going the wrong way.

I hope you're right, but good numbers have came out in the past and didn't do anything to move the stock price. I am thinking it will take an acquisition or a large contract of some sort to really get this moving.

In the June 2012 monthly report, Jeff mentions that SHOM is still having discussions with the A2 clinics in the MD area. Has anyone heard anything recently regarding this?

Here is the link to Jeff's mention of the continued interest in A2:

http://southernhomemedical.com/pdf/Update%20to%20Shareholders%20-%20June%202012.pdf

Look at number 2 in the "Answers to Emails" section.

No kidding. Up 20%...Down 20%

I love how some days there is not one share traded and then out of the blue 3 million shares.

Quite a spike in volume today. Wish we were a bit higher on the spike though...

With the 52 week high dropping like a rock, it shouldn't be long until the stock is knocking on the door of a new 52 week high.

That was my concern as well, that's why I posed the question to management. It seems like this isn't a priority to them, so why do it in the first place?

Like they say, don't invest money you can't afford to lose. In my mind, I've written off this investment as a loss and plan to keep it until it pays off. It's not a question of if, but when.

Like they say, don't invest money you can't afford to lose. In my mind, I've written off this investment as a loss and plan to keep it until it pays off. It's not a question of if, but when.

Mmmmmmmm...Ribs

Speaking of audits, I emailed the company about a month ago and asked if this audit would even be relevant or out-dated by the time it gets paid for and the response they gave made it sound like these audits would become a yearly thing. If that is true, I hope that the price tag isn't as steep. Maybe it cost so much because it was an initial audit and encompassed two years.

Company's July update should get posted to their website by Monday.

For those of us that have held stock for a year or more, if or when this takes off, at least we won't have to pay much, if any, capital gains tax.

Shouldn't be too much longer before the 52 week high comes down to the current levels...

Nice move up on decent volume.

Uugghh! Nevermind....

I would be nice to see this stock close above the .007 recent high made on May 4th.

No, what's up? Did you see something?

Current Share Count/Financial Results for March - May


Outstanding Share Count
Common 245,490,122
Preferred A 19,827,000
Preferred C 16,131,250
Authorized Share Count Shareholders
Common 500,000,000 1952
Preferred A 25,000,000 5
Preferred C 25,000,000 28

2012 March Results
Revenues 78,997
Cost of Goods 19,947
Expenses 55,576
Net Income 3,475

2012 April Results
Revenues 86,962
Cost of Goods 20,713
Expenses 49,061
Net Income 17,188

2012 May Results
Revenues 83,799
Cost of Goods 17,171
Expenses 45,527
Net Income 21,102

Highlights from report:

"May was a good month for SHOM in sales, revenues and profits actually came in higher than expected"

"Current outstanding payable for the PCAOB audit with Scott & Company is $49,453.98.
HQAA review auditors arrived on May 24th & 25th. After the two days of review, we received our renewal and HQAA certification for the next two years"

"ApneaRx ( www.apnearx.net ) has applied with the North Carolina Board of Pharmacy for permits to conduct DME business in the state of North Carolina. We have a meeting in Chapel Hill on June 18th to complete applications. Learn more about the Board of Pharmacy in North Carolina at www.ncbop.org .
Encore franchisees had good May results also. We are still in discussion with the Dallas/Ft. Worth, TX & Charlotte, NC area as possible new Encore locations. We also have begun a beta test with StafferLink utilizing detail software to expand our capabilities for complete staffing and HR function"

"Answers to email questions:
1. There is no plan to pay balance in a lump sum to Scott & Company for the PCAOB audit.
2. We have and continue to have discussions with A2 Medical in Maryland.
3. OTC Market updates go out as they come into our database.
4. We have no plans at this time to establish a line of credit with any banking institution.
5. We have no plans to add people unless a person will create a new stream of revenues for SHOM"

June report is posted on company site.

http://www.southernhomemedical.com/index.php?option=com_content&view=article&id=86&Itemid=153

I have been holding shares since May 2011 and I didn't have the foresight to sell when the price spiked. I have been patiently waiting for something to happen (upside) ever since and will continue to do so, but it would be nice to cash out a profit before I got to old to enjoy the money...

Is anyone familiar with the bidding contracts that SHOM is trying to win? Will they bring significant revenue to SHOM?

That's odd then. Wonder if there aren't enough sellers at that price either?

Probably no one willing to sell at your bid price. Try moving it higher or pay ask price.

Nice to see the stock consolidating here after a big run-up percentage wise. Hopefully we'll see it move up soon.

Last I heard it was done, but Scott & Co (audit company) was waiting for full payment before they would release the audit to SHOM. SHOM has been paying for the audit with monthly income. Once paid and released, I am not sure what has to be done or how long it takes for the application process. Seeing that they clamed $100K plus in cash on their 2011 Annual Report, I would guess they should have paid Scott & Co in full. Not sure though...

Not sure if this is the case with SHOM, but I work for the largest non-profit hospital in Arizona and the percentage of bad debt or charity has risen every month for the past year. We are having to find ways to drastically reduce costs and possibly lay-off folks because of it. Bad debt is the inability or refusal of the patients receiving care to pay their bills, so the hospital just writes it off as bad debt or they reduce what is owed and call it charity. I am not sure if this is what is going on with SHOM, but the medical industry everywhere is being hit with this and also lowered reimbursements from the government, both state and federal. I bet if you emailed the company, they would give you more details.

I seen on the Annual Report that there was quite a large "Professional Fees" charge. I wonder if they have finished paying Scott and Co. for the audit? I would think so as they had $100K+ in cash in the bank. Does anyone know if there is a waiting period for filing the paperwork with the SEC?

I tried, but was unable to do so. I just typed the section regarding the lawsuit. I can't seem to save the PDF as text.

LAWSUIT HAS BEEN RESOLVED, NO MONEY WAS PAID OUT BY SHOM, according to the Annual Report:

"Note 2 - Legal Presentation

The litigation with Scenic Marketing Group and Frank Moody has been amicably resolved, in a manner in which NO payment of any money by Southern Home Medical to Scenic Marketing Group or Frank Moody."

This is great news!

Not sure, but having the feds investigate you (Moody) doesn't help your credibility. If I was Shom's attorney, I would ask to have the case dismissed.