Southern Home Medical Inc (SHOM)

[investwise4858]

This one way under conventional radar folks.

SHMM Southern Home Medical Equipment

.025 / .03

Level 2 wide open

Ihub board with no posts, very little Ihub chatter.

I will post this alert info to board later today after my meetings.

10 m float.

Reduced o/s to 50 m .

(CEO retired 10 m of his own shares May 15, in good faith.) See PR.

Has revenues, fast growth reported, all PR’d.

4+ million 2007 projected revenue. They have made many acquisitions of health care service companies with good revenues in the past couple months, more below;

Excerpts from May 2007's PR’s ;

This wheelchair company and Adaptive Medical were just acquired, these revenues are not reflected on SHMM’s first quarter financials reported to Pinksheets, as the deals were only recently completed.

Yes, the financials are on Pinksheets, and they are to date through end of quarter March 31, ‘07.

“Wheelchairs Plus Mobility Solutions generated $305,619 in revenues for the first quarter of 2007, which is an 11 percent increase over fourth quarter 2006 revenues of $275,085. Wheelchairs Plus is a medical equipment company that finished 2006 with revenues of $917,522.00.”
“Additionally, Southern Home Medical recently completed the closing of Adaptive Medical Upstate, Inc., a durable medical equipment company located in Lyman, SC. As of May 1, 2007, all of Adaptive Medical's clients became Southern Home Medical clients. Adaptive Medical generated more than $800,000 in revenue in 2006. With the closing of Adaptive Medical, the Company is currently billing out approximately $103,000 in revenues each month.”

Those two acquisitions alone will contribute 1.7 million in sales to SHMM, this in addition to sales from existing operations which look to be about 60k /monthly from the financials.

You must read all the press releases, nobody else has, lol.

Has 4 million invoice funding package in place for accounts receivable and invoices, this will provide cash flow, no need to dilute.

At 52 week low, it’s a sleeper folks, nobody has noticed til now....it may go a bit lower, but I am accumulating now.

Charts below.

Main website: http://www.southernhomemedical.com/shop/index.htm

Website of subsidiary: http://www.encoremedicalstaffing.com/default.asp

Only possible negative is Big Apple Consulting is IR, they may have been paid with some shares, and that has precipitated the drop, fact is, nobody noticed this one. I have a call into Apple and the CEO. Apple may have mm HDSN on the ask with shares, won’t last with any decent buy pressure imo.

Any accumulation will right this ship and send it much higher imo.

This medical staffing arena is a huge growing business as institutions want to limit their costs and defer benefits by utilizing what is essentially independent contractors from firms like SHMM.

This CEO is a no bs dude, he is going to franchise this Encore medical staffing part of the business, lot of room to grow there.