$SHMN = SCAM LET’S LOOK AT THE FACTS:
*Sohm has repeatedly said NO REVERSE SPLIT!
Then they went and diluted and dumped 270 million shares. Worse yet, it’s been months and they haven’t even acknowledged the dilution to shareholders. They were sure quick to spam out the news about the cancellation! Can someone explain to me the logic in announcing a reverse split when the authorized still had a billion shares to dilute?
*Sohm is moving to getting PINK CURENT
How many years have they been claiming this? The company is taking months just to send in their “first set” of filings. At the rate they’re going (taking two entire quarters to send in one quarter-worth of delinquent filings) they will never be pink current.
Additionally, going current would reveal huge holes in their accounting from money they illegally paid promoters and siphoned back to India... with the SEC investigating their fictitious claims at the moment, they’re probably not in a hurry to follow through on their promises.
Even worse, the company has an extensive history even in 2018 alone of compulsively lying and failing to follow through on suspense dates published in PUBLIC releases (you can’t retract those or try to deny them, they’re out in the open). SHMN is 0-for-3 on following through on promises to shareholders in 2018. The failure to deliver the updated “first set” to the OTC by May 14th as promised is evidence of their incompetence.
*Sohm will be putting out current filings any day now
Incorrect, they are already 2 years overdue and the OTC is days away from enhancing their warning on SHMN from the stop sign (inaccurate information or lack of transparency) to a caveat emptor buyer beware skull and bones (standard procedure when SEC announces the investigation and when SHMN reaches a threshold of delinquency). Any day now.
*Sohm has a huge history of filing on time every quarter in the past and are looking to do the same now
Wrong. They have completely missed nine consecutive quarters of filings. NINE. That is almost unheard of. What has this company been doing in their corporate office for the past 2+ years? Oh wait, their corporate office is a fraud. It is an entirely different business (Parkway Postal) and SHMN’s suite number to their “office” as they keep referring to it as IS A MAILBOX. Who checks it? Nobody since SHMN has no employees in the US.
Maybe that’s why they’ve been deliberately failing to send in their filings for years.
*Sohm has said they are still looking into BLOCKCHAIN TECH. It has not been taken off the table as many here would want you to believe
Incorrect. Read the PR. They have made ZERO progress after many months.
*Sohm has a huge genetic pharmaceutical line
Strange how nobody has seen it and it is impossible to purchase in the United States.. or anywhere for that matter.
*Sohm had a long history of trading in the .01 to .07 on the low side.
When a company goes from .0001 to .01 after a reverse split... do I really have to explain this to anyone? AFTER a reverse split, when the price again drops from .01 to... I mean really? Look at the chart since inception and you’ll see that the shares are literally worth less than .01% of what they originally were AKA 99.9% losses
Based on years of history, is is beyond reasonable to expect SHMN to max out their authorized and execute yet another reverse split when it comes time to pay their perpetually increasing and recurring debt.
Based on their last filings, SHMN is a legally bankrupt organization that relies 100% on stealing shareholder equity to resolve their massive and still increasing debt. This company has nothing of value because their debt is staggering.
AND just to paint a picture to reveal what’s going on here.. every time SHMN makes a debt payment, it takes money and equity directly from shareholders and delivers it to the CEO and his associates’ bank account. Just try to deny that fact. Do a little research and see that SHMN’s “advisors” and “clients” don’t exist. It’s not hard if you look back just a few years.
AI
