SOHM Inc (SHMN)

[SLC-JD]

I'm inclined to agree with whomever speculated that the funds are coming from India.

I'd further guess that they'll be issued as consideration for either the 51 pref shares that Shah previously held and then mysteriously surrendered to an unnamed party (and whose current holder should be listed in section 7 of the company's annual reports as a "person or entity owning 5% of more of any class of the issuer’s securities", but isn't), or for the remaining 49 pref shares sitting in treasury (or some combination of both). There aren't enough authorized but unissued common shares for a private placement to make sense at the current PPS.