Southern Home Medical Inc (SHOM)

[DJ Ponder]

Fairly easy to see what is going on here.
False and misleading press releases.
A corresponding stock promotional campaign.
A transfer agent and the company itself that wont release the current share structure to the public.
Out of sequence submitting of unaudited financials.
A disappearance of $80,000 worth of convertible debt covered up by the appearance of the 2nd qtr financial as the latest financial as it misleads the public into thinking the debt remains.

The company entered into various unsecured debt arrangements in the form of promissory notes to multiple companies. All the promissory outlined in the chart below have similar terms and conditions. The total principle amount owed on the promissory notes is $80,500. Each of the notes are due 10 days after receiving a written demand for payment. All of the promissory notes bear an interest rate of 10% per annum. Payment of the notes can be either in cash or converted into Southern Home Medical, Inc. common stock. If payment is made in Southern Home Medical, Inc. common stock, the "conversion price" is the lessor of (a) the price that the Southern Home Medical, Inc. common stock is trading at on the date of the conversion less a 50% percent discount or (b) $0.0001per share.The principle balance on the notes as of June 30, 2016 was $80,500. Interest in the amount of $10,066 was accrued on the notes as of the p riod ending June 30, 2016.


$80,500 worth @ $0.0001 = 805,000,000 SHOM Shares.






HOW CONVENIENT