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ASHER still have around 85,000 of cash to convert in death spiral shares. At the first chance the company increases the float they will do exactly what they did all along and dump the shares in the market...
Why I have to believe anything that they won't convert their notes now??? they are still the same sharks looking for bloody shares...IMO
Thanks...Interesting comments. But no matter the situation it doesn't give them the right to mismanage the company and empty the cash without investing anything on mining IMO
Then we should call for a shareholders' meeting and bring the duo board down... it is a joke. One in Montreal and the other in Belgium eating chocolates and bloody steaks... who signs the check? me myself and I ...all in favor PASSED
I started investing here @57 cents last year around march and I have much more than 10x invested...
The actual problem, is that even though we saw a new start recently to update some reports and registration, it is still the same people behind the company and some people are walking on promises and decisions that were supposed to take place and now it is not happening! they are walking all over and doing what please them at a high $$$$$$ because noone to stop them...
I am consulting some professional advice. I am keeping a close watch on what is happening and what may be announced and I may take actions accordingly. Some people have to go NOW !!!!
Things will happen and news has to come out eventually. But the way things are going IMO it is a continuation of the same mismanagement that happened before IMO
They can prove me wrong and it would be a nice long waited surprise...But I don't trust the people in place and that is my right as investor who injected money in SHMX shares...
Some organisations are interested to get in :
The NASDAQ
The Stock Exchange
Canada Revenue Agency
Revenu Quebec
RCMP
The watchdog ... wouf wouf wouf
WARNING !!!! If you think something was wrong before, then you need to be careful this time around as IMO the operation may be getting even more mismanaged. What they say is just smoke and lies...IMO
Last CEO was taking over 30,000 per month so he needed ASHER FINANCING without even considering the deadly spiral convertible notes... I wonder how the financing will come this time...
If it is from ASHER again that means that mangement is looking to fill their pockets IMO
Many irregularities may lead to a nice class law suit in due time... Run but you cannot hide. This is a public company and someone need to take closer look in how it operates as many expenses on the financials cannot be real IMO
The company is run by a CEO and a director on board who is outside the country... How many people sign the checks??? It is called mismanagement IMO
Some people may run but they cannot hide IMO...
It has to do with the financials that SHMX have and how the funds were used and managed or mismanaged. It has to do with how management may have mislead investors IMO... There are issues that need to be clarified like the money owed to the lawyer...
It has to do with the management and how the company was operating without a bank account and through consultants...
It has to do with material changes that mislead the investors IMO
It has to do with who is running the company and how the decision and funds are disbursed with a possible serious mismanagenet IMO
It has to do with the integrity of the operation all in all...
IMO there are issues that may lead to serious legal allegations...
IMO the same crew behind this company, they are all responsible and they all have to go with NO EXCEPTION !!!!
Great potential but they need to make a NEW PLAN of action and some investor relations if they want to raise capital
Did anyone called the company number?
There is new energy behind the company lately
I also wonder about the expensive operation of managing the company and issuing shares to the owners and now everyone walks away except for the accountant and the director overseas... so how do they operate the company from an american address and a candian number with no bank account according to the financials
What I don't like is that the company had nothing more to add on the filing about the future outlook. Plus the fact that the people who resigned just faded away with no explanation...
Sometimes we miss these opportunities as it turns around very fast and you get few shares at a bargain
IT WAS THE MARKET MAKERS DOING IT FOR SURE
A NEW BEGINNING may be just around...
I am happy the report is out today so no default issue. I believ there are enough elements to make a class suit against the Last ceo and his crew for taking the money and running away...
No mention why Vivian resigned and the other board members except one that still there and the accountant... they should be also replaced asap to clean the act
SOLUTION: AN IMMEDIATE REVERSE SPLIT WITHOUT INCREASING THE FLOAT IMO
$13,200 resulting in the issuance of 60,419,397 shares 0.0002 each that were dumped in the market in december 2011
MAKES ME SICK NOW... THEY BLOCKED THE FLOAT BY 120,000,000 SHARES
11. Subsequent Events
Between January 3 and January 9, 2012 Asher Enterprises converted part of Note #4 in the amount of $13,200 resulting in the issuance of 60,419,397 shares of the Company’s common stock. The remaining principal owing on the note is $21,200.
Between January 3 and January 6, 2012 Coventry Enterprises converted part of a Note in the amount of $15,656 resulting in the issuance of 61,423,285 shares of the Company’s common stock. The remaining principal owing on the note is $25,227.
JUST WORRIED ABOUT HOW MUCH IS HE CHARGING NOW AS CEO?
These people are used to high pay no work policy IMO they all have to go regardless of what may be coming through or on the way...IMO
the entire $33,625 remains in accounts payable fot the new CEO for his work from October 1 to december 31 2011...
WHAT DID HE DO FOR THAT MONEY??? it was the time of the load of convertible notes that were dumped in the market and the company was falling in default very fast... that debt should be wiped by Shamika resources that hired him then!!!
As of December 31, 2011, there is no outstanding amount due to Shamika Resources Inc.[/
From inception to September 30, 2011, the Company operated under a management agreement with a related party Shamika Resources, Inc, which is controlled by the Company's former CEO, Robert Vivian. The Company had no employees or office expenses as such were provided by consultants through the management agreement with Shamika Resources, Inc. During 2011 and 2010, the agreement with Shamika Resources, Inc. was informal and $684,821 and $40,000, respectively was accrued to be paid to Shamika Resources, Inc. under the agreement. However, the management fees were reduced following a negotiated debt forgiveness in connection with the termination of the agreement effective September 30, 2011 in the amount of $294,776 for a net 2011 expense of $390,045. As of December 31, 2011, there is no outstanding amount due to Shamika Resources Inc. As of December 31, 2010, $9,613 was due to Shamika Resources, Inc.
During 2010 and 2011, the Company did not maintain any cash or bank accounts but relied upon advances from and payables to Shamika Resources, Inc, under the management agreement. Shamika Resources, Inc. held any cash the Company raised as a result of debt or equity issuances and made payments for services on the Company's behalf.
From October 1, 2011 to December 31, 2011, the Company operated under an informal consulting agreement with Henry Riedl, the Company’s current CEO. During this period, $33,625 was accrued to be paid to Mr. Riedl under the agreement. As of December 31, 2011, the entire $33,625 remains in accounts payable to related party.
Related party payables are recorded at their cost, are non-interest bearing, unsecured and have no specific terms for repayment.
Weird combination... I was going to send them a free pizza when I saw a canadian phone number but with a USA address then I started wondering who would answer the phone???
Call them LOL
WAITING FOR NEWS !!!
I wonder if the 10k report will come out today or tomorrow as the company asked for the extension
THE ONLY WAY TO BUY LOTS IS MARKET ORDERS
TEN MILLION UP 26%
ARE YOU READY ???? S T A R T Y O U R E N G I N E S vrooom vrooom vvvrrrrrrrrrrrrrrooooooooooooooommmm
This is your chance to get in before the 10K filing and before possible news!!!
ANYTHING BELOW 3 CENTS IS A BARGAIN !!!!
Everybody it is time for the HOULA HOULA DANCE
Expect a 200 per cent return on monday
First thing in the morning do your houla houla dance and your shre price go up
If u sell your shares now you will regret it as you will pay more to buy them back. Mark my words