<Agreed Abby, I also think that the yearly is coming out this week or next. This is going to move fast and hard imo>

Sorry to disappoint you but this stock isn't going anywhere. Cannot look at the charts either. That's no help. The stock is DOA, comatose or whether adjectives you can find. The ONLY thing that can move this now is a "timely" PR from the company or a "promotion" campaign. And even those 2 events may not work now. Not after the massive dilution we've seen unfold in recent weeks and motnhs.

When a stock gets to .0003, usually its been diluted into the group and cannot get back up. Usually the only option is a Reverse Split, and that only starts the stock printing & scam machine all over again. We have to accept the fact that this is a typical pinkie scam and all is lost. I put in around $800 into this between .004 and .01 and I now concede that $800 is gone, never to return.

I wish I was wrong. And will hold onto the paper that I have in the miniscule hope that this was a viable business after all. But it doesn't look good. My best to all.

WHOA, LOOK AT THAT VOLUME

Approx 30M shares traded by 12noon Eastern Time with the stock up. Hmmm, I couldn't help but notice a "timely" PR this morning, coming on the heels of the PR promotion, paper printing pump & dump scam last week. The cynic in me tells me this new PR this morning "may" be an effort to stop the bleeding short term and prevent the stock from becoming comatose at .0001 like INXR. We will see. GL to all.

<Ad campaign allowed Greg to dump over 50 million shares into the public market. Greg is an idiot when it comes to dealing with his stock. O/S near 250 million IMO and will climb rapidly as PR campaign appears to be kicking in. Tucker couldn't care less what becomes of SHMM's investor base. In my opinion. Company running out of ways to meet it's enormous monthly debt obligation. GLTA>

I couldn't agree more. That was as obvious as day & night. Get a little interest going with some PR to get the stock close to .001, then pound the hell out of the paper printing machine to dump millions of shares on current sharerholders to make a few bucks. What a sorry spectable that was. This company appears to be no different than the typical paper printing pinkie scam.

DILUTION SPIGOT IS OVER

Oh Well. These guys have pounded this into the ground with their massive dilution. I hope they put the cash to good use because the paper printing machine at the expense of shareholders is over without floating trillions of shares. At the rate they have been dumping, 1M shares printing will only get them a few hundred dollars if that. They need the business to start generating real cash or will need to raise money another way.

Too bad. I really was optimistic about these guys, thinking perhaps they were not the typical pinkie printing a gazzilion shares and running scam machines. But more and more it looks like this is the same ole same ole. The hype sounded good at first, good enough to keep the share price high enough to get their paper printing machine going. But my experience is that once you hit triple 0s, the jig is up except for a R/S to restart the paper printing machine again.

Glad I only risked a couple hundred dollars here in the .005 range on average. I do feel bad for everyone who put a lot more into this thinking these guys were different that the typical paper printing pinkie scam.

GL to All.

IS THIS DOG STILL TRADING??

GREG DUMPING PAPER ON THE MARKET AGAIN??

That is what it seems like to me. If this turns out to be more dilution by the company, I'm starting to wonder about their "profits". If these guys are generating so much cash from the business, why dilute the heck out of the stock. This is shaping up like one of typical paper generating pinkie scams.

What a waste; This business shows so much promise. If only these guys would let the SP run to see where the potential is. Oh well, I'm glad I didn't invest too much in this. At least my .002 buys are still in the money<LOL>.

<Looks like another quarterly profit!...Filing at pinksheets.com...LJ.>

Great numbers. Looks like profits are up 3X over 2Q<WOW>! When the new acquisitions reach critical mass, this looks like a $1M - $2m per year profits company.

The critical question now is whether the dilution keeps pace with the profits. They really rammed a bunch of shares down our throats in 3Q as we all could see. I'm going to hang on to my .002 & .003 buys to see how this plays out. GL to all.

TIP OF THE ICEBERG?

<I would expect they would be. Let's look at the fundamentals. If the projected $310,000 in net income for 2007 holds, the EPS is $310,000/110,000,000 estimated shares outstanding, or $.0028. Even at a P/E of 20, the share price would thus be $.056, or over 7 times what it is now. This is a screaming buy at these levels, AS LONG AS THE COMPANY HAS STOPPED DILUTING, which I believe they have.>

Great point! Keep in mind that the $310K in profits, if legit, is just the tip of the iceberg. Remember this company is on a growth trajectory, if their PRs are to be believed. It is therefore reasonable to assume that once their growth initiatives reach critical mass (ie all newly acquired divisions are firing on all cylinders), the profit numbers go up from $310K.

The key, as you rightly pointed out, is whether the paper printing & dumping is over. If so, all bets are off regarding where this can do. Unlike HMIT, INXR, RPDI and the other pinkie scams out there, at least SHMM is a real company with a genuine chance of becoming a viable enterprise if given the chance. The sky is the limit for this one, if we are not being scammed with the reported profit numbers.

GL 2 all.

<Smoothjazz, I noticed through all your posts that you only have sub-sub pennies in your portfolio......why?>

No particular reason. I have core positions in bellwhethers BAC & MSFT, and Specialty REITS RAS, DFR, AFN, RSO & JRT. I only play the pinkies as a 1 in a million gamble. I usually play with a couple thousands $ on various pinkies.

Recent pinkies that I've swing traded include AXTG, HMIT, INXR, SHMM & RPDI. Almost all of those turned out to be dogs but I made nice money swinging AXTG, HMIT & RPDI before they all crash. BOL.

<I called t/a on Friday float 57 mil. not bad IMO>

Is this the float or the O/S?? I'd feel much better if this was the O/S since float doesn't include restricted shares held by insiders that could be dumped on shareholders heads at any time. Especially for an outfit likes this that appears to be printing shares by the boatload.

<Did Tucker put out accurate earnings or is this a pump and dump?...Looking a myte suspicious right now...>

That is looking more and more like a possibility LJ. The dumping was pretty obvious but now I'm starting to question whether the earnings numbers are legit. I'm glad I only put $1000 in this. It looks shaky right now. Guess I'll just ride it out since it is barely above 0 now. GL.

<do you still think this could turn around?>

As with most pinkies, everything hinges on the OS (and to a less extent on the AS since that is the overhang that could be dumped at a moment's notice). Problem is that there has been so much dilution and printing of shares, no one has any idea what is out these days, and the potential for more printing of paper.

If OS is in the 70M - 100M ballpark, and the printing of shares has been curtailed, then this may have a shot at a decent rebound. Otherwise, it is a long road back as pinkies take a very long time to recover from this degree of dumping & pounding if ever. I did add a bunch at .003 for the heck of it since it cannot go much lower to get to 0. GL to all.

<If the closing market cap is just above 300K on 10-11-07 then about how many shares would be currently outstanding?...LJ>

At .003, That is 100M OS<LOL>.

Could be. Volume has been huge the past 2 days on the up side. Needs to follow through though to make up for the pounding the past 2 weeks. The downside dump the last couple weeks was brutal this time around. BOL.

REBOUND, HMMM???

This is the first time since following this stock over the past few months that I've seen it rally on huge volume. Maybe the dumpsters are done for now??? Picked up a few shares at .003 to bring my average down to .006. GL2 All.

<wow.. question..So when a company dumps Authorize Shares into the market they become Outstanding Shares.. now at that point. did someone had to buy them.. or those freshly dumpped shares are in limbo waiting to be bought..?? I'm gussing they become availble for the public to trade,, but until one of us buys them.. they are own buy the company.. right? or one of us has to buy them in order for them to get dumpped? how does that work..?>

The answers to all those questions are yes. A pinkie stock like this usually does not have a lot of buyers waiting around, so when a massive dump of millions of shares happens, the sellers often drop the ask while potential drops the bid. This has the effect of forcing the price down for the market to absorb all these shares. Par for the course in pinkie land.

SCAM CITY??

At first, I thought this was NOT going to be the typical pinkie P&D scam job. They seem to have a legitimate business and prospects, unlike most of the pinkies out there.

But the more I watch this, the more this has become just another stock printing pinkie IMHO. Not sure if they can recover from all this dumping. The problem is the A/S is 1B shares, so they can drop millions of shares on the market from the A/S at any time, and the O/S at any given point in time means little because of the A/S overhang. Their positive PRs and profits means nothing if they float 500M shares in short order.

I guess I'll hang in because I didn't throw that much in this in the first place. But I've seen this story over and over in pinkie land: Once Mgmt has dumped so much to drive the stock down, it has trouble recovering except via R/S.

<Good news come out, yet, this thing drops..
makes me wonder..?>

There is no mystery here. It's called "PR and Dump". In other words, put out a PR to lure in buyers, then dump millions of shares on the market. Pinkies are good at this. Looks like they're pounded this one into the ground really good.

MELLONE & COMPANY STILL DUMPING??

I'm wondering if I should take a nibble here, but this is looking more and more like the typical pinkie paper printing scam. Previously rode this some months ago from .045 to .1. Didn't like the smell of this guy so I took my double and ran.

I've been watching in since I bailed. I read all the recent PRs and asked myself Hmmm? Are we about to get diluted to high heavan. Waited & waited, saw this go sub penny, and wondered whther this was deja vu: Another pinkie putting out timely PR to entire buyers so they could dump shares.

I think I may throw a few pennies at it between .005 - .01, but it only will be money I'm prepared to lose. GLTA.

<zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz>

zzzzzzzzzzzzzz is right. This thing is going nowhere until the massive dilution stops or slows down. And there is no sign of that as hundreds of thousands of shares are pounding the Ask, dropping the Bid lower and lower in order for the market to absorb all these shares.

2M shares at approx .006 is $12,000, so that gives you an idea of how many shares the company has to dump just to meet operating costs which I assume are at least 10 times that per month given all the salaries they have to pay. If the revenue and profit numbers are to be believed, then I would suspect operations will start to generate enough cash flow by early 2008 to eliminate the need to print all this paper.

Until then, this is looking more and more like dead money I'm afraid. I still like the prospects for the business long term though as long as the company doesn't dump the entire 1B A/S on the market.

<Now the volume is here. Gobs of it...but the sellers continue to have enough shares to keep the price down...why do the buyers keep buying? Do they know something?>

Hello NC,

I got your PM but could not send you a private reply because I'm not an IHub premium member. Yes, I'm still watching this but cannot help but notice that every time they've come out with a nice PR the past few weeks, the stocks takes a big dump on huge volume. After watching these pinkies for a long time, this is a clear indication that the company is dumping into the PR to raise cash, and is hoping the good news keeps the stock from completely imploding while they dump.

As another member indicated in an earlier post, it would be great to know what the current OS is. A few weeks ago it was 73M shares, up from approx 50M in July. I would not be surprised if it was over 80M or more today. Remember the A/S is 1B shares so they have a lot of room to print more shares to dump into the market.

Where are the buyings coming from?? I'm sure there are buyers to absorb millions of shares under 1cent as the company provides some support for their dumps with well timed PR IMHO. My hope is they stop issuing PRs for a while. They would most likely not dump with no PR, and that may give the stock the opportunity to find support in the .01 - .02 range.

<Looks like their dumping machine is still well-oiled.
If so, this stock should be available @0.5c soon.
Has anyone verified the O/S lately?>

Good point. That's the MO of these people; Put out a great PR then WHACK, dump gobs of shares into the good news. With no PR today, the stock would be at half this price given this selling volume. I would love to know what the OS is myself. With a 1B A/S, who knows how what the OS is now given the 20M shares dumped in the past few weeks alone.

What a shame this is. They appear to have a solid business plan and decent prospects, but they appear to be nothing more than a stock printing paper factory at this point. When a positive PR like the one today cannot move the stock with millions of shares dumped so far today, it's obvious this one is stuck for a while.

<dumpage today...>

Yep. As obvious as day & night. A familier refrain with this thing<LOL>.

JUST MISSED THAT .07 HANDLE

I saw this thing spike from .01 to .07 in the blink of an eye earlier today, probably a fluke trade whereby somebody probably meant to but in a bid of .007 and put in a bid of .07 instead.

I tried to sell my shares into that .07 spike but no dice; It didn't take<LOL>. I'll be on the lookout to (hopefully) sell into another spike like that again.

WOW, SAME OLE SAME OLE

Here we go again: Put out a positive PR, then dump hundreds of thousands of shares. Like I said, I hope this is the company dumping their tens of millions of restricted shares (since that is already in the O/S), as opposed to Mgmt increasing the A/S and diluting the heck out of us.

This appears to be a great franchise, but what happened today with the positive PR followed by gobs of shares hitting the bid was so obvious, you could almost see it coming. This will end at some point unless they keep printing shares by increasing the A/S. In that case, no matter how great the business sounds, this will become nothing more than a paper printing factory like the typical Pinkie.

I'm still hanging in hoping the dumpsters will be done at some point. BOL to all.

Thanks X, and GLTY. I honestly believe those of us with patience who are accumulating at these levels, will be richly rewarded in time. The only risk I see is that the numbers we're being given are hosed, and the company unleashes the massive A/S on us.

I've not talked to the CEO personally, but all the comments I've read from people who have talked to him indicate he is on the up & up. That is all you can ask. After all, this is pinkie land. I just have a good long term feeling about this one because their business model makes sense to me.

<.......is that the norm for this one??........>

I've been following SHMM since mid July when I made my first purchase at .015. Since that time, I've noticed an odd pattern: On most occasions when they would come out with a positive PR, the stock would drop on larger than normal volume, starting late morning, with the MM NITE being the one driving the Ask. I've seen this same pattern unfold around 4 or 5 times since Mid July.

This was an unmistakable signal to me that "somebody" was dumping into the positive PR, a phenomena I notice quite a bit with pinkies. At first I thought this was their prior PR firm, Big Apple (BA). However, a number of posters have done some research on this and have concluded BA dumped most or all of their shares from the .03 - .06 area, where the stock traded most of June, and finished dumping by early to mid August.

Since the consensus of most of the people on the board was that BA was done as of a few weeks ago, that is what led me to surmise that MGMT has been raising money by selling shares into the positive PR. I hope this is the case since this would not change the O/S (They would be selling "Restricted Shares" in this scenario), and they would be raising money to grow the business. I took advantage of one of these dumps to double down at .005 and .006 last week. When I look at pinkies like this, I don't care about the float; My concern is the TOTAL O/S since even the "resticted shares" are an overhang and can hit the market at any time.

Here is the bottom line: If the company's growth, revenue, profit and O/S (71M) numbers are to be believed, this will not remain a .01 - .02 stock IMHO, no matter who is doing this dumping. Heck, I've seen pinkies with 1B O/S, with losses coming out the wazoo, selling for more than .02. Just keep an eye on any positive PRs the next few weeks. If sell volume picks up significantly late morning into early afternoon after the PR comes out, just sit back and watch the dump unfold. This dumping pattern has to end sometime with the great numbers coming out of this outfit (Assuming they are right).

BOL to all, but keep the hard hats at the ready in case shares continue to be dumped on our heads.

<0.01 by 0.014 i guess they are going to give it some breathing room, no matter who the seller is>

Agreed. Looks like the base is .01 for now.

SHMM MGMT COULD BE THE ONES DUMPING

Everyone needs to be aware that Mgmt could be ones dumping. With Mgmt sitting on 42M "restricted shares" and with the huge growth initiatives they have in place, it would not surprise me that they would put out a positive PR, and dump shares into the PR to raise money.

This is not uncommon for a pinkie, and the action today smells of this. A nice PR, some great buyers early, a quick move up to .019 (the HOD), and then NITE appearing at the Ask with a whole bunch of shares queued up for sale. I've seen this happen over and over and over with pinkies. The best time for Mgmt to dump and raise money is when there is a positive PR to bring out some buyers.

If this is what happened today, I don't mind at all. Ultimately they are raising money to grow the franchise. And as long as they profitably grow the franchise, the stock will eventually go up and stay up. I justed wanted to alert the board to one "possible" explanation why the stock would tank with the great news today.

<it has traded about 125k on the down move, so the seller cant be that big>

Fair point. What I meant to say was that all the seller needs is to have more shares for sale than buyers are there to absorb, not that the seller was especially big.

That said, there is no doubt someone is dumping on the news so far today. Things may yet change for the positive before the day is done, but down volume picked up considerably within the past hour.

The other tell tale sign is the NITE. The big dumps over the past month has been led by that MM.

HERE COME THE DUMPSTERS, ON CUE<LOL>

As I indicated earlier, it looks like some big dumpsters are selling into the PR led by the MM NITE as usual. L2 Bid/Ask back to .013 - .014 as I write this with NITE on the .014 Ask.

This is an indication that a big seller is dumping shares. This is a well known tactic; Dump into positive PR. Let's see how far the Dumpster takes it down this time. If we can clear them out and absorb all this overhang, we may get back to where we were this morning, between .015 - .02.

Make sure you wear the hard hats today, because it looks like whoever is selling is looking to dump a huge amount of shares on our heads. The good news is that they dumpsters will be done at some point, and this thing WILL rise if the numbers are right.

BE ON THE LOOKOUT FOR THE DUMPSTERS

They occasionally take the opportunity to dump into positive PR, when shareholders least expect it. We've already touched the .019 handle this am, but as I write this I see the big dumpster MM (NITE) the only one sitting on .018. If NITE can be cleared out at the Ask, we may get our run to .02 today.

Still, no matter what the dumpsters do, the fundamentals & great capital structure story (ie relatively small O/S for a profitable pinkie), makes this a keeper. This is one Pinkie I plan to hold long term. I'm anxious to see if they can continue to execute like this well into the future.

GL all.

<Nice Day...would have been better if the last seller of the day had held....NC>

Great point. L2 still looks good heading into tomorrow (.015 - .017 Bid/Ask):

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=shmm#getQuote

50% UPTICK ON 3M VOLUME SO FAR TODAY

This is serious volume on this run. If we can keep the dumpsters at bay, we may be off to the races. Next stop on L2 looks to be .02 if all goes well.

<whole bunch of MM's just opened up.. whats going on?>

Like I & a bunch of other folks have stated: Once the dumpster was done, we would move back to the mid .01s. That was failry obvious watching the action over the past few weeks. It looks like this should stabilize within the .015 - .02 range for a while judging by the L2 action I'm seeing. If the numbers the comppany has been feeding us (I'm talking about the Revenue & capital structure numbers) is correct, this thing is still undervalued at .02 compared to other less transparent pinkies.

If we can break the MM doing the massive dumping (NITE) from it's chokehold on this stock, we may bust into the mid .01s:

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=SHMM#getQuote

Interesting info. Thanks for sharing. It appears they may not be the ones dumping, if that captures their entire deal. Somebody has been dumping however. I wouldn't rule out Mgmt either. They could be dumping to raise cash to fund all their growth initiatives.

I'm not saying this Mgmt team does this, but Mgmt of pinkie companies often dump when they are releasing PRs to take advantage of presumably more buyer interest that result from positive PRs. Still, even with all the dumping, I still think this is attractive for a pinkie given it's published numbers and relatively low O/O.

<When you say dumpers and diluters are their some lurking about besides BA?>

Yes, BA was their old "IR" firm. They recently hired a new one OFN (OTC Financial Network). OFN are well known promoters who are also well known for being big time dumpsters. I don't know their compensation but it is usually in stock which they can dump according to certain guidelines. Maybe someone can try and contact the CEO or the TA and ask them about OFN compensation and terms for selling shares.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=shmm#openEdgarNews8570163

<Hey Check L2...Looking a little better. I think the dilution is over for now.>

Wow, That changed in a hurry. L2 B/A now at .009 - .01. Looking a little better. Don't get too excited though since the diluters/dumpsters can strike at any moment. Still it looks like it is settling in around .009 - .1 for a trading range without the dumpsters.

<look at LII's, look at volume, look at float, this is a hold or accumulate now IMO. No dilutors on the ask. thin to $.015. any volume and we burst here.>

Agreed. NITE is the MM that has been banging the heck out of this, dumping shares for anything they can get. They and SSGI (.01) are sitting at the ask now.

Clear them out and the Ask blows through to .015, which is where this thing had stabilized before the last massive dump started a month ago. GL to all.