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Alias Born | 05/01/2010 |
Thursday, March 30, 2017 7:37:03 PM
I don't know if you've followed the Coke fiasco but that plus numerous fluff PRs with accompanying P&Ds determined SHOM has no credibility.
Also, one question that's never been answered - why do they need nonstop P&Ds and to issue an additional 332 million shares over a few months period while they supposedly have a large LOC?
Convertible debt is rarely ever paid off in these continuously promoted limited-info pink sheet issues, especially when it's issued at $.0001. It just keeps renewing and/or SHOM continues to issue additional toxic financing. The way this company operates, it appears the toxic funding is what they live off of. In fact is their recent 10-K they state:
"Demand for our business will be dependent on, among other things, market acceptance of our trading business."
Lastly, despite their glowing "updates", SHOM showed a -$733,000 decrease in Revenue.
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