SOHM Inc (SHMN)

[BSNLAW84]

SHMN only “ran” to .0025 to facilitate the dumping of 108 million shares quietly created without shareholder notice to satisfy a mysterious 2014 convertible note, likely paid out to the CEO himself since he continues to avoid disclosing the nature of said note, at prices 2500% over the long-term average based on fabricated news about a “binding LOI” with an unnamed company that, not surprisingly, turned out to fictitious weeks later.

We can conclude, based on review of trading activity, that the revenues from said note generated $150-230,000 that has yet to revealed to shareholders what exactly the purpose was.

Can someone refresh me on the textbook definition of a pump & dump scam?

This CEO will likely see an administrative or criminal investigation very soon. Lucky for him, the punitive action in India is far more severe and both respective authorities and governments cooperate and reciprocate in information sharing and litigation. Is he going to go into hiding again now that he’s back on the radar?

It’s getting interesting!