Shamika 2 Gold, Inc. (fka SHMX)

[1manband]

Shamika is a broken company. Once you sell toxic "death spiral" convertibles, the company will die. It is just a question of how long and how many common shareholders do you take down with it.

Shamika doesn't even have much value as a shell, as it is tainted and dirty, thanks to the toxic convertibles. At this point, even if they did want to revive the company and begin mineral exploration, it would be cheaper, easier and cleaner to do it with an entirely new company. There is nothing of value in this company left.