full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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You were correct when you said, "Truth be told, none here knows for sure the outcome of this play."
The frequent exaggerated claims about the value of the merger to shareholders should not convince anyone that this stock will soar anytime soon, even if there is a good announcement around the corner. There have been many claims that it will go to a penny then later to a dime, etc., but the fundamentals of SHOM do not support such lofty expectations.
Fireworks and HUGE merger sounds like puffery/exaggeration to me.
Nobody really knows how HUGE the merger will be. In fact one might be concerned that Mr. Sarvis and his assistant may have quietly spun off the Encore medical staffing business to themselves and merged the less valuable devices business to someone else (being paid for the "shell").
Regards, and good luck to all longs, but we really are not getting all the facts timely from the old or new management team.
Should the moderator of this board be making such statements?
SHOM bought out all franchisees except Atlanta according to Mr. S.
The last time I spoke to Mr Sarvis, I commented that the Encore business was the big Revenue generator, but he mentioned the devices business was also doing well. It may be true that he sold the services business to the Atlanta franchisee which SHOM did not buy out. I have no idea where this is going , but it sounds like the new SHOM may be focused on devices rather than nursing services. In my opinion the devices business with recurring monthly income would be easier to manage.
When they moved their registration from NV to Wyoming, didn't the filing form indicate a change of name to Southern Home Medical DEVICES?
SHOM momentum appears stuck here; those who hold it think they own enough; those who want more want it cheaper and are looking for a dip.
Conventional wisdom? News could take it up or down, but when the news comes the volume and price change will be very substantial.
No one in their right mind would ever expect SHOM to go up 3000 percent in one day.
Once again you are quite wrong on most of your assertions. A double top is never a good thing.
Why do you expect news by the 20th?
Somebody must have done the fat finger screw up today by entering a SHOM sell order at .0028 instead of .0038
Yes, time WILL tell. Hopefully SHOM can avoid the dreaded doubletop. Only the SHOM Shadow knows, but yes, you are right. Time WILL tell.
I agree with your NOTE to item 2 (excerpt below):
2. The merger and control of SHOM agreements have been signed by all parties. The new entity will be named when the proper filings are complete.
NOTE: If this is a pump and dump,
then this statement alone would be an epic fail. Also, it's illegal to know these things before proper filings are done. Watch the move Wall Street!!
I would be more suspicious if they told too much info before the proper filings. This is why it's harder to get in touch with the employees right now. They could get in trouble if they say too much. The smart thing to do is ban them from talking about anything merger related until it's legal to do so.
My opinion:
Mr. Sarvis has had nothing to do with the frequent attempts to play PUMP and DUMP with SHOM shares, and he has told me more than once that he is frustrated and doesn't know how to stop the shenanigans that have moved the stock up and down erratically over the last 2 years or so.
Please clarify; are you cleaning out the 3s today, or have you finished your buying until more news comes out?
Wrong again. SHOM has major risks, and you know it as well as I do. One cannot guarantee that the stock goes up with the next snippet of news. We don't know the details of the deal, but the stock price may be getting ahead of itself.
CRIMINAL BS! Absolutely not! I did not represented the facts as stated by the CEO.
The agreement HAS been signed by all parties.
Verbatim from the 20March announcement:
"The merger and control of SHOM agreements have been signed by all parties..."
At current time we cannot tell how beneficial the merger deal will be for all SHOM shareholders when the merger deal closes and all associated filings, etc. have been completed. Mr. Sarvis mentioned that the new management team has interest in growing the company. It did not mention how fast the growth would occur, but I assume it will take time to grow the company, and that will require a longterm commitment by management and shareholders. In other words I do not believe that completing the deal and all associated filings will result in a large and immediate increase in value of SHOM shares.
Bottom Line: IMHO whatever good things come to SHOM shareholders (such as stock value appreciation) will take some time.
As for "THE PATIENT WILL PREVAIL HERE BIGTIME", ....
That's what the doctor said before the surgery.
'stockpeeker'
Merger? Yes.
Huuuuge? Well, gee, maybe, but nobody hee really knows.
Keep in mind that the last time news came out on the merger, the stock dropped precipitously from .0052 all the way to .0015 before it bounced.
'stockpeeker'
Nice SHOM chart for sure. The big run in early March showed substantially higher volume per day than the low volume run we saw last week.
SHOM remains a highrisk play. The merger details remain to be revealed. Putting too much into one stock is always risky!
Good Luck, but I hope you are watching it closely so you can get out if the merger details do not meet expectations.
Fundamentals do not support such a rosy outlook as this, but I understand ... like you said, you too are long SHOM, therefore you HOPE for continued upward movement, just like I do.
If existing SHOM shareholders ever see a "dime", it would be after a long slog with many bumps. Once details of the merger are announced, the new management must prove that they can grow the company successfully. That will definitely take some time!
JMHO,
'stockpeeker'
Mike, regarding the changes, can you tell me what the OS was before and after? I noticed the reduction in authorized shares from 5 million to 1 million.
Thanks in advance,
'stockpeeker'
I don't think they reduced outstanding shares. They did reduce Authorized Shares (probably required as part of merger to make sure there wasn't a big negative surprise).
Not sure how they determine a new number of shares in the float, but that doesn't affect MktCap; only outstanding shares pertains to MktCap. The total outstanding plus preferred shares (preferred shares are convertible to 10 common shares) is close to a billion shares outstanding. A share price of .005 would put value of SHOM at about $5million.
We can disagree on overall value of SHOM shares, but we none of us can be CERTAIN how the merger details will impact SHOM share value. We didn't expect the value of SHOM shares to crater when they announced the merger had been signed. Similarly we cannot be sure that further details will make SHOM shares go up rather than down again.
Should know soon though.
Good Luck!
'stockpeeker'
You just said, "LOOKING STRONG GOING INTO NEXT WEEK, WOW!" over on the GDSI board.
What particular aspect of SHOM do you find most promising, that is, that would make you think it goes to the 5s next week? IMO it is about fairly valued pending further announcements regarding merger terms.
The announced MERGER is not necessarily a MEGA MERGER; it could be a merge of relative equals in complementary geographic or specialty areas.
Glad to see SHOM has recovered to this level (probably based primarily on another slightly profitable quarter AND reduction in Authorized Shares of common stock from 5Billion to only 1Billion), but there's no telling what the next merger update news will bring.
Volume remains relatively meager, at least as compared to March 7 when possible merger was publicly mentioned by Mr. Sarvis.
JMHO...
'stockpeeker'
3.1million sh traded so less than $9,000 changed hands today...
Today's "action" was just in the noise.
Rah Rah Shish SHOM BAH
SHOM has good enough fundamentals to support .015-.003 or perhaps even .0035 but ... any move above that range appears to require a very positive update on the merger details that verify additional value. When it popped to .0052 a couple of weeks ago, the news that came out dropped SHOM to its knees.
IMHO....
'stockpeeker'
OUCH down to .0014 this AM but buying power is starting to show up.
Could it be that Rainmaker was not making good medicine?
"Pow Wow the Indian boy loved all the animals in the wood."
Thanks for sharing that email, rskram.
I wonder why the other poster didn't include the last 3 items. Perhaps they were in response to some of your questions.
SHOM is not a 10-Bagger from here. If you would stop overhyping the stock, it would stabilize. Though a merger has been signed, we have no idea what it means for the future of SHOM stock as of yet.
'stockpeeker'
rskram, I've owned SHOM over 3 yrs. Of course I wish I'd sold it all last week and rebought this morning, but that's life. You may be right about Mr. Sarvis being tired of the hassles so he is getting out of the business and taking some cash to do something else.
Keep in mind there must be a Nondisclosure Agreement that prevents him from announcing whatever he wants w/o merger partner approval. In fact, I do expect the merger partner will be named soon, perhaps at same time they provide new management team. That's really just my hope, as I have no inside info to expect any particular news in any particular order.
I also expect there will be a need for shareholder vote on the merger details eventually, so more information will come.
As I've said before I believe SHOM is worth at least $2-5million based on annual revenues and the fact it is publicly trading (which is worth something if merger partner is not publicly traded), but I don't think it will ever reach a penny a share (w/o reverse split), which would make SHOM shares worth about $10million. That said, I hope I'm wrong and it exceeds my most optimistic expectations.
Try not to let the knucklehead pumpers here piss you off too bad. They take awhile to get used to.
'stockpeeker'
Traderfan, while I do expect a change in the number of outstanding shares of stock (only maybe a reverse split), I would expect to hear other news first. For instance, we should see the name of the merger partner(s) and new management team before we hear the detailed particulars of the merger deal.
Shouldn't we expect an opportunity for a shareholder vote on the merger, by the way?
Regards,
'stockpeeker'
My understanding per SHOM email last week is that all franchisees were bought out by SHOM (with cash and stock) except the Columbia, SC franchisee.
Why do you think that? Didn't you just buy in at .0035 about 3 days ago?
After Terrible Tuesday's poorly worded news that caused a nasty selloff, it is nice to see SHOM stay above the .001sies today.
I would suggest stockholders email Mr. Sarvis at SHOM to request more careful wording of any future news releases regarding the merger.
Don't argue with a Medicine Man.
He turns firewater into pisspoor advice.
Rainmaker, ...
Buy, Sell, or Hold?
At this point I am holding.
OK, thanks!
Highlandmike, please clarify what you mean by current with OTCmarket.
No, actually I believe I lost more than the average SHOM poster today, so maybe my angry snarky attitude is because of that fact.
I'm disappointed the news was not more definitive.