Answer is 0. Please read here from Sohm.com
SOHM Releases Some Shareholder Update in view of some falsely made claims by some unhappy investors or groups.
Chino Hills, CA—June 4, 2018– SOHM, Inc. (PINKSHEETS: SHMN) a globally-known generic pharmaceutical manufacturer would like to clarify certain information and facts as following.
We have received some concerns from some concerned shareholders to clarify about some disgruntled investors are sharing some falsely made claims about company and its operation on various company boards like ihub etc. We would like to clarify some of them that;
(a) Company has not exercised any reverse splits in the last 10 years. Sohm, Inc did a reverse split when we took over management of the company from previous management team back in August 2008. After that Sohm, Inc has not exercises any reverse splits. Back in November 2017 we cancelled our only possible reverse split through a press release. Again, currently our management team is not considering any reverse split in the interest of every stakeholders including investors. It had confirmed also again few days back.
(b) They also claim that company revenues for Q1 is thru selling of company stocks, which is again made with some personal interest or grudges it seems. It is completely misguiding with vested interest. Company revenue is through its sell of products and services.
(c) Their claims are that company has issued approx. 545 million stocks in last 5 months, which is again false. After August 2015, company has not issued any stocks including to any of its directors or promoters except in April 2018 when company has honored it’s one of its old notes and stock issued were approx. 108 million.
(d) Company is working with its counsel to work with OTC to satisfy its compliance to move to Current and appropriate time when we come to know the progress, company would inform its shareholders with updates.
Hope this insight clarifies major concerns of the shareholders. At the same time, we strongly recommend and request every investors and shareholders to do their own due diligence before investment in the company. Instead of answering every shareholders who communicate us, we preferred to release our information through press release.
We are committed to do whatever possible and within our reach to do better operation and bring more and more transparency in company’s updates like we have been doing since taken over the management back in 2008.
Management is working towards company’s development and we have reiterated it several times.
Thank you, all shareholders!
