Replies to post #36940 on Southern Home Medical Inc (SHOM)

[Kallie]

The debts they are showing are nothing (less than 45k) and also in the filing they claim no promotion expense. It seems that the lenders are doing the promotions? They are also not American of course and sometimes things are lost in the translation.
I know at my job even though they understand English they do no interpret it correctly and it makes things very difficult. So that could explain some of the wording and how we interpret it, just a thought.
Now I just skimmed through the filings so I may have missed somethings

Note amount Date of the note Balance due Interest accrued
$4,000 9/15/2016 $4,000 $117
$1,000 10/11/2016 $1,000 $22
$13,000 10/25/2016 $13,000 $239
$5,600 11/15/2016 $5,600 $71
$4,000 11/25/2016 $4,000 $39
$16,000 12/07/2016 $16,000 $105
$1,800 12/21/2016 $1,800 $5
$2,000 12/23/2016 $2,000 $4

Advertising Costs - Advertising costs are expenses as incurred. The Company does not incur any direct
response advertising costs. No does the company employee an agency.

[DJ Ponder]

Ouch , sure glad im not stuck in this pile of garbage.

Also, one question that's never been answered - why do they need nonstop P&Ds and to issue an additional 332 million shares over a few months period while they supposedly have a large LOC?

Convertible debt is rarely ever paid off in these continuously promoted limited-info pink sheet issues, especially when it's issued at $.0001. It just keeps renewing and/or SHOM continues to issue additional toxic financing. The way this company operates, it appears the toxic funding is what they live off of. In fact is their recent 10-K they state:

"Demand for our business will be dependent on, among other things, market acceptance of our trading business."

Lastly, despite their glowing "updates", SHOM showed a -$733,000 decrease in Revenue.

Very very ugly.










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