SOHM Inc (SHMN)

[Power of Emouna]

Quote:Biggest hurt here is management crediability, they made a statement to buy back stock in 2019 and didn't do it.

https://www.sohm.com/2019/02/26/sohm-inc-announces-shares-buyback-program/

They canceled the buyback of shares for the Acquisition!

Quote:

The company has been in discussion and negotiation with the pharmaceutical acquisition as announced recently and hence it has put hold on its "Share Buy Back" as previously announced. The company plans to utilize the resources for the acquisition as well as for operation and development. Also, during the year 2020, due to a totally unforeseen expected year, the company decided to introduce some of its personal care products and work to capitalize on this market space. The personal care market is to surpass the $128-Billion-dollar Revenue mark by 2030. The company management will take appropriate decisions in planning proper allocation and action over the course of time.

https://www.otcmarkets.com/stock/SHMN/news/SOHM-Inc-Announce-Company-Outlook-for-the-Year-2021--Shareholder-Updates?id=303624