Southern Home Medical Inc (SHOM)

[malt66]

Here's the assessment for today:

A lot of peeps that got in the last couple of weeks sold expecting penny land by announcement of merger. That did not happen.

What happened is this:1. The company is no longer domiciled in Nevada. The company is now a legal operator in the state of Wyoming. We already knew that.

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. The merger is pretty much complete absent a formal 8k filing.

3. The company and its concepts will structurally change as you know it today. This was known from past press release. For example: "The ideal merger or acquisition candidate would be a business or businesses that have proven track records, potential for growth, are looking to expand and are scalable. The benefit of operating as a publicly traded company includes the ability to raise funds for expansion. We have been pleased with the expansion and growth of Encore thus far internally, and we're ready to add additional businesses that would offer synergies to our already existing business portfolio."

4. A new management team to include Directors, President, Vice-President, Secretary & Treasurer will be named very soon. That's what I wanted to hear. Sarvis may have been a good ceo for keeping a tight ship, but was a LOUSY CEO with respect to advertising his company. Pretty much all press releases were in financial filings.


Seems that lot of the peep share dumped was absorbed. OBV and A/D line is pretty strong here.