This is HUGE news for $SHOM
LYMAN, S.C., Nov. 2, 2012 /PRNewswire/ -- Southern Home Medical, Inc. (SHOM), a holding Company providing healthcare services, staffing and equipment to medical institutions, announced today that it has reduced its issued and outstanding Preferred A share total by retiring 8,000,000 shares leaving a total of Preferred A shares issued of 11,827,000.
In a recent press release dated October 19th, 2012 The Company announced that it reduced its issued and outstanding Preferred C share total by retiring 6,000,000 shares leaving a total issued of 10,131,250 Preferred C Shares. The announcement also stated that during the month of August it retired 9,250,000 shares of common stock leaving total of 234,510,122 issued and outstanding.
Southern Home Medical continues its dedication to its shareholders to rain in unnecessary dilution as a result of non performing entities not fulfilling their services. These continued share reductions taken by the Company reinforces its commitment to increase the stock value to its shareholders.
Additionally management is very pleased with the progress the Company has made over the last three quarters. There is plenty of optimism that by continuing these reductions in outstanding shares combined with the growth the Company is experiencing, 2012 expects to end the year with positive EPS (Earnings per Share).
"We are working very hard to demonstrate to you the shareholders that we are dedicated to making this Company worth the continued investment. We appreciate your support and look forward to continued success," said President and CEO of Southern Home Medical, Jeff Sarvis.
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