Yes, this is great news! Now Sohm has some leverage avail to offer convertable notes for services rendered. This is the first step to doing things legal. He needs leverage for marketing and now he has that in place. You see he was busted for attempting to sell some of the common shares and kickback 50% to the marketer. Thus selling less shares and making it even money for both sides. The legal way is to offer notes which can be converted into shares over a specified time period or simply paid back with cash. The problem Shailesh was attempting to avoid is this would provide the marketer to sell his shares at his own discretion. The marketer then has control of how these shares are sold. The legal way is not fair to shareholders if you ask me and what Shailesh was attempting to do would actually be better for shareholders value. I think that is why he was only given a slap on the wrist. Atleast Shailaesh is getting everything in place for the proper approach now. SHMN will be having some big news coming I am sure!
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