SOHM presently has approximately 1.25 billion shares of common stock issued & outstanding SOHM Management has taken note of significant trade activity of its shares, and is very pleased with the recent movement in the company operation.
Further, company stated that company’s promoters or directors have not sold any of their stocks and have not done so for the last several years keeping the confidence in the company’s operations and not intending to sell any stocks currently.
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SOHM, Inc., Cancellation of Reverse Stock Split
Chino Hills, CA, Nov. 29, 2017 (GLOBE NEWSWIRE) --
Chino Hills, CA – (November 28, 2017) – On November 28, 2017, SOHM, Inc. (PINKSHEETS: SHMN), announced today that its Board of Directors has decided to abandon and cancel the reverse stock split that was approved by the Board of Directors and the Company’s shareholders last year.
SOHM, Inc. announce today that “We are pleased to announce due to the obvious recent renewed support and confidence in the company and its management, it is in the best interest of the company, its shareholders and Investors to cancel the proposed reverse split of the common stock announced last year.” Recent support from operations and market awareness has further inspired company management to restore SOHM, Inc. to its former glory, benefitting investors and shareholders who have stood firmly by the company. SOHM presently has approximately 1.25 billion shares of common stock issued & outstanding SOHM Management has taken note of significant trade activity of its shares, and is very pleased with the recent movement in the company operation.
Further, company stated that company’s promoters or directors have not sold any of their stocks and have not done so for the last several years keeping the confidence in the company’s operations and not intending to sell any stocks currently.
Company is going to take appropriate actions with authorities to update the recent development and announcements.
