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No, the director was named as a prime conspirator. He and multiple family members were directly involved in fraudulent transactions and soliciting help from fraudulent promotion groups to publish fake PRs and act on their behalf. This was NEVER a legitimate operation. There’s indications of fraud activities stemming back to 2008 prior to being set in motion in 2010.
The investigation is not complete.
SHMN is a confirmed FRAUD OPERATION. Nothing will ever change that. A completely worthless company caught committing fraud for nearly a decade will not miraculously turn into a legitimate operation overnight.
100% FAKE NEWS AGAIN! SHMN never made it to US retail. The new promoters should probably avoid citing fictitious PRs and lies used during their decade-long fraud spree... oh wait it’s still going
Highly recommend everyone research the FRAUD litigation and FICTITIOUS PRs this company has been involved with over the past decade. This is 100% a confirmed scam operation.
Red on current, red on news: TOXIC FINANCING
Pump & DUMP confirmed!
SHMN RED ON NEWS: CONFIRMED SCAM (AGAIN)
SHMN is ALWAYS red on news. Scam alert!
Or maybe the SEC exposing years of fraud is a clue...
***SHMN on watch for SEC suspension following FBI fraud investigation, indictments and convictions from 2015
SHMN already exposed as a pathetic fraud operation
Red on FAKE PR, nothing new here
Pump & DUMPPP
Liars? Didn’t SHMN’s Director get indicted for FRAUD? LOL
SHMN will default on liabilities in 2019! Well actually, based on calculated projections, they either defualted already or resorted to additional toxic financing (dilution) as they hinted in their last quarterly report
SHMN has been knowingly publishing fake PRs since 2010. Hell, they used the same exact fraudulent Ranbaxy story in 2012 AND 2018. What a joke!
Just a coincidence, right?
After nearly a decade of fraud this scam has nothing left but millions in debt, a revoked business license and an empty warehouse in India. Officially worth LESS THAN $0.00
Pumped & DUMPED YET AGAIN
Any guesses when the SEC suspension will hit? Years of fraud don’t go unpunished
Looks like it’s going back to .0002
Pink current = .0005 congratulations!
Yeah, after nearly a decade of fraud this burning trash pile is worth about 10% of its original value. Years of lies and paid promoters insisting “no dilution” and publishing fake PRs while the Director and his buddies siphoned away millions.
Millions of dollars in shareholder equity and undocumented unsecured loans the FBI was unable to track remain unaccounted for. What’s left of it? A worthless trash pile with literally no assets and millions in debt.
The is zero accounting for anything on SHMN’s end, but they still misplaced the money and have valid yet unexplained debts that are now spiraling out of control
Know what you own.
Pink current: NO GAIN, MASSIVE DUMPING! LOL
SHMN’s CA business license REVOKED for tax delinquency. SHMN’s only property in the United States is a subleased room in the apartment of former director Mr. Shah, who was recently indicted and convicted for years of SHMN-related fraud, in BUENA VISTA, CA.
Again, for those that have selective reading syndrome: THEY ONLY HAVE PROPERTY IN CALIFORNIA
Per California law, SHMN therefore cannot conduct business in California.
Per Nevada law and incorporation requirements, SHMN (classified as a foreign, out-of-state domestic corporation) is required to maintain a business license in the jurisdiction where business operations take place.
Here’s your bonus SHMN historical fun fact of the day:
On 10/24/2014, one of SHMN’s promoters (without naming names, the one that briefly worked for SHMN as an executive consultant and walked away with over 100 million shares... might be a red flag) published a press release of which claimed that their OTC pharmaceuticals officially entered the US retail market.
http://m.marketwired.com/press-release/sohm-inc-announce-share-holder-update-an-outlook-for-2015-pinksheets-shmn-1961289.htm
The press release states that products were “introduced” to store shelves of 8 mysteriously unnamed retail stores for “testing” on shelves.
On 11/4/2018, SHMN published “photo evidence” on their Facebook (still there) of their products displayed on the retail shelves. The photos show various brand name products removed or pushed to the side and a handful of Sohm product forced into unusual spots. Generic, home-printed price tags were attached below the Sohm products.
Though SHMN tried very hard to edit out or conceal the store name, it was easily identified as an IGA grocery store. IGA corporate was notified in 2014 and they confirmed that the products displayed were not authorized or approved and the barcodes on the price tags both weren’t in their network and didn’t match any common syntax.
It’s been suggested that it occurred in the San Bernardino location.
Just a coincidence, right?
So was SHMN better when they had to resort to mislead and publish fraudulent information? Or are they better now that they have nothing?
Nearly 10 years of fraud. What a quality company.
CALLED IT: PUMP & DUMP CONFIRMED!
Somewhat similar to those who said “no dilution” back when they quietly dumped 108 million earlier this year.. at least one of us called it correctly. LOL
Red on news: 100% SCAM
FOOLED AGAIN: PUMP & DUMP #2
So did Sohm really abandon their Indian facility? How long will they wait until revealing this to shareholders? 3 years?
I guess their solution was to terminate 97% of their workforce, sell off 98% of their assets and equipment then go into yet another fake agreement with an unnamed, non-existent company in California.
Good luck getting that going with a revoked California business license
LOL
TOXIC FINANCING: You guys enjoying yet another pump & dump on fictitious news? Just like earlier this year? This company was projected to default on its liabilities before the end of this fiscal year.. they were also expected to and even suggested in the Q3 report that they would have to resort to their old ways of toxic financing to avoid default due to a loss of nearly 90% of revenues and a psycho family of fraudsters that laid off all the employees and sold all the equipment.
Good thing nobody was stupid enough to fall for it yet again, right?
LOL
That’ll do a lot of good when the SEC suspends them for years of fraud
Yet another fake PR, nobody fell for it
Yeah.. that’s the defunct Indian component used prior to incorporating. It’s also their Indian business license... that’s now just being referenced in the fake PRs
SHMN’s CA business license REVOKED for tax delinquency. SHMN’s only property in the United States is a subleased room in the apartment of former director Mr. Shah, who was recently indicted and convicted for years of SHMN-related fraud, in BUENA VISTA, CA.
Again, for those that have selective reading syndrome: THEY ONLY HAVE PROPERTY IN CALIFORNIA
Per California law, SHMN therefore cannot conduct business in California.
Per Nevada law and incorporation requirements, SHMN (classified as a foreign, out-of-state domestic corporation) is required to maintain a business license in the jurisdiction where business operations take place.
Here’s your bonus SHMN historical fun fact of the day:
On 10/24/2014, one of SHMN’s promoters (without naming names, the one that briefly worked for SHMN as an executive consultant and walked away with over 100 million shares... might be a red flag) published a press release of which claimed that their OTC pharmaceuticals officially entered the US retail market.
http://m.marketwired.com/press-release/sohm-inc-announce-share-holder-update-an-outlook-for-2015-pinksheets-shmn-1961289.htm
The press release states that products were “introduced” to store shelves of 8 mysteriously unnamed retail stores for “testing” on shelves.
On 11/4/2018, SHMN published “photo evidence” on their Facebook (still there) of their products displayed on the retail shelves. The photos show various brand name products removed or pushed to the side and a handful of Sohm product forced into unusual spots. Generic, home-printed price tags were attached below the Sohm products.
Though SHMN tried very hard to edit out or conceal the store name, it was easily identified as an IGA grocery store. IGA corporate was notified in 2014 and they confirmed that the products displayed were not authorized or approved and the barcodes on the price tags both weren’t in their network and didn’t match any common syntax.
It’s been suggested that it occurred in the San Bernardino location.
Just a coincidence, right?
So was SHMN better when they had to resort to mislead and publish fraudulent information? Or are they better now that they have nothing?
Hearing credible rumors that a new tenant has occupied SHMN’s warehouse in India.. anyone hearing this? Makes sense since Ms. Shah laid off all their employees and sold all their equipment in 2015 to pay for Mr. Shah’s restitution....
Odd
Don’t forget SHMN laid off 97% of its workforce and liquidated 98% of their assets (to include ALL of their manufacturing equipment) BACK IN 2015.
Their employee count remains at 5 (was 145 back when they were operational) and their revenues are down almost 90% since Mr. and Ms. Shah completely destroyed the company.
Friendly reminder: those poorly written and obviously incorrect filings are UNVERIFIED and UNAUDITED. Whoever threw them together forgot to mention the director of SHMN getting indicted and convicted in 2015 for fraud. There are also SHMN shares still seized and outstanding that were transferred through the fraud scheme.
Zero mention of the SEC case in any quarterly or annual report.
More confirmed fraud:
It’s not just the money laundering and fraudulent issuance of shares that were exposed by the FBI and SEC. This is just a small sample.
SHMN’s 2012 Ranbaxy PR? Confirmed fraudulent
SHMN’s 2018 Ranbaxy PR? Confirmed fraudulent (just a coincidence, right?)
SHMN’s cryptocurrency “binding LOI”? Confirmed fictitious.. and *possibly* under investigation
The US retail sales figures since 2014? 100% fake. It’s $0
Soliciting a store employee and placing products on IGA shelves with fake price tags as a photo op to mislead and fraudulently corroborate their fictitious PRs? 100% fake and unauthorized (confirmed by corporate, incident report on file)
3579 Facebook likes? 3500 are fake accounts provided by an “awareness package” from one of their implicated promoters. 1000 then 2500 accounts liked the page on separate days.
Website? A freeware Wordpress blog. The same used by just about every scam out there. Need I say more?
SHMN caught publishing numerous fake PRs, suspension and revocation to follow
SHMN, a confirmed fraud operation, on-watch SEC suspension