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According to post 5194, Brian August is the CEO of a holding company that SHOM hired to locate merger candidates. If he was an investor in Moody's companies, I wonder if the failed merger was actually one of Moody's companies? Maybe they were all trying to screw Jeff and company over by selling them a bogus company. Of course this is just speculation, but a lot of coincidences...I really hope these crooks get what is coming to them.
Where have I heard the name Brian August? Was he associated with the proposed merger? Here's a little tip for Jeff. Going forward, please do a background investigation on people you bring in at such a high level. I hope Overcast and Moody spend years in a Federal pound-me-in-the-a55 prison. I would suspect the suit against SHOM will be dismissed, but good luck with getting any legal fee reimbursement via a counter suit.
Other than bringing the ceiling down on the authorized share count, what does this really mean? It's not a bad thing, but is it really that great? withmybarehands, did anything positive result from the 4 to 1 Billion share reduction?
Wow, these are getting less informative and less relevant to me every month. This update really didn't say much, as far as I am concerned.
Company update due out tomorrow on their website. This seems to be the only news that we get anymore.
Nice million plus block at the bid (.0024)
Just in time for the world to end in December
There has been quite a dryspell with the company's public news releases. Wasn't Jeff set to do his deposition any day now?
Also, the outstanding share count went from 221 million to 226 million shares.
Didn't mention anything about the audit or how much there was left to pay on it.
Seems to be a bit of selling today before the company's January 15th update. Hope all is well.
Not to mention the $59,000 left to pay for the audit (according to December "Update to Shareholders"). Hopefully we will see that paid before too long. Not completely sure what its completion will do to the stock price. Might bring some new investors in...
It will be interesting to see how this stock reacts when there is strong demand. Not sure at this point what will create that strong demand, but would be fun to watch.
In the Dec. Shareholder Update, it is mentioned that Apnea RX is entering the Medicare DMEPOS Round 2 Competitive Bidding Program. Is anyone familiar with this process and if so, could successful completion of this program possibly bring more business/revenue to SHOM?
December update now posted on website. Doesn't say much though.
It may have something to do with the company promising a monthly update on their website on or about the 15th (tomorrow). Either way, I picked up a few more shares earlier today.
I know in the past, several posters on this board have driven down to talk with Jeff Sarvis personally and take a look at the operation first-hand. Has anyone been down recently or have plans to go down and visit with Jeff in the near future? Just curious.
Hey, glad to see you back. Kinda sounded like you threw in the towel. At this point, north is the only direction left, but I will be adding some more if it dips below .001
Trying to add some more at these levels. I guess as long as they don't file for bancruptcy down the road, buying at these levels might turn out to be a good decision.
At least you're honest about your intentions. In hindsight, it was a smart move.
I certainly don't mind people's various strategies at making money, but why be so dishonest about it? I have always found it odd when folks who sell their stake in a company yet continue to waste their time posting to a board that they don't have a claim in. Oh well, no hard feelings towards anyone and good luck to all.
You are correct, you didn't say that. My apologies...I guess my idea of moving on is different than yours.
Speaking of moving on, didn't you post earlier that you were cashing out, never to return?
I am not jumping ship and if I had intended to do so, it would have been about a penny ago. Now is not the time to sell. I have always heard that one should not make investment decisions based on emotion, but that seems to be the case with some folks here.
My thoughts exactly. Been a lot of opinions and emotions running wild here. I am here to stay until I am able to sell for a profit.
I have been reading a lot of opinions and hearing a lot of people trading on emotion. Has there been any concrete proof that SHOM isn't on the level? Sure they are having a rough patch here and things seem dire, but certainly nothing to jump off a bridge about or panic sell. The only thing that may concern me is the possibility of the company filing bancruptcy down the road, but like I said before, selling at these levels will net me enough to buy a drink at Starbucks, so why not hang on and see how this all plays out? Oh well, like tvsoccerdad said yesterday, I plan on going down with the ship. Good luck with whatever you decide to do.
I am with you. Call it what you may, but I am not running scared. To me, there's not much difference between selling at this level or losing everything. What the hell, it's just money; however, this experience will most likely keep me from investing in any penny stock going forward. Maybe it's a blessing in disguise.
No thanks. This does not sound like much of anything.
Link doesn't tell us nothing except breach of contract with some marketing group.
Going back to my earlier question regarding a time estimate for an audit. After doing a little research, it seems that a company being audited for an IPO (not exactly the same, but may be close) can take 6-9 months to complete. The PR for SHOM regarding Scott & Co starting the audit was on June 7th. This would put their completion date somewhere between December and March.
I am not quite so sure a finalized audit has been priced in. It seems that due to the mistrust of management, investors do not believe anything that is reported so they might not think the audit will even be completed. Just an opinion of course.
I am thinking it might cause the stock to rise slightly in the near term, especially if it is accompanied by any "pumping" emails. At this time, I do not think it will mean much in the long term. The audit may provide better insight into the company's operations and finances as well as shed some light on management's stock holdings. Might also bring some validity, transparency, and accountability to what management has been saying and will be saying going forward.
Guess we will need to wait and see!
Not much happening around here. No buying, but on the brightside there isn't any selling either. I guess we are in a holding pattern until this audit is done... Tvsoccerdad, have you or anyone else heard anything from management as to why this audit is taking so long? I have to admit that I know absolutely nothing about audits or how long they take to complete.
Does anyone think this audit will have a positive effect on stock price or will this be a nonevent?
Tvsoccerdad, unable to reply. For me, it is pointless to sell at this level. Might as well hold on to it and see what happens. You definately lose by selling, but may have a chance at gains if you hold. Outlook still healthy, profitable, and audit to be done soon. Besides, if I hold to next year then no capital gains tax!
Hello management.....hello.......anybody there...
What are you waiting for, stock to be zero before you do something?
Well it shouldn't be long then.........Thanks!
I am sure it will at some point. The company had some hiccups, but it seems that profits are still growing and the outlook remains healthy. I would like for management to focus on investors more and try to do some damage control. What annoys me is that they are trying to become an audited company and take this company to the next level, but I have seen nothing in their actions that tells me they are ready for the next level. It's much more than completing an audit. Management needs to start walking the walk.
Well good news and high expectations just brought this stock down, so maybe not-so-good news and lowered expectations will bring it up! I am planning to keep my shares until this POS does something, even if it takes years. I refuse to sell this thing for a loss.
So if the merger is off the table, does anyone know why the OS count went from 130 million to 221 million. Weren't these shares sold to pay for the merger?
It seems silly for me to sell at these levels, so I may as well just hold it see what happens. Something positive may come out of this....stranger things have occurred.
Yes, I was excited in May to hear about the merger, but as it has dragged on, I am wondering if they are giving away everything just to complete it... Maybe should have done the audit first. This possibly would have raised the stock price enough so they would not have had to give away the farm just to do an acquisition. At this point, maybe Jeff and his team should consolidate and remember that when you are a public entity, investors are just as important as growing your business.