SOHM Inc (SHMN)

[SLC-JD]

It means that there are still questions that the Company should answer.

Questions, not accusations:

If he is still around and working in "operations" (which seems to be corroborated outside of Linkedin - WSJ SHMN Profile), might the announcements about the buyback and/or the acquisition be related to the decrease in Swahti's shares? Or for something less nefarious, might Swahti's diminution in holdings have been (partial) consideration for the acquisition?

Per the SEC order, Shah was "prohibited from acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act [15 U.S.C. § 78l] or that is required to file reports pursuant to Section 15(d) of the Exchange Act [15 U.S.C. § 78o(d)] for a period of five (5) years from entry of this Order; and

barred from participating in any offering of a penny stock, including:
acting as a promoter, finder, consultant, agent or other person who
engages in activities with a broker, dealer or issuer for purposes of the issuance or trading in any penny stock, or inducing or attempting to induce the purchase or sale of any penny stock, with the right to apply for reentry after five (5) years to the appropriate self-regulatory organization, or if there is none, to the Commission"

While it looks like he could resume his former position as CEO, he couldn't do so if he wanted to do anything with the Company's stock unless he successfully applied for reentry.