Replies to post #25200 on SOHM Inc (SHMN)

[UnderTheInfluence]

Glad to see you working hard this morning

[fliboyz]

From a technical perspective, as no more than a benchmark comparative, so do 900 other OTC securities...

***SHMN now fully qualifies for SEC suspension per suspension guidelines.

,

The SEC may suspend trading in a stock when the Commission is of the opinion that a suspension is required to protect investors and the public interest. Circumstances that might lead the Commission to suspend trading include:

Just an opinion, but I might point out that the word "may" is a very far cry from the word inevitible. And in spite of all the probable complaint letters to the SEC from them that lost money, the vast majority seem to have slipped through the cracks, as years later even a significant number of caveat emptor skull and crossbones are defunct and still trading, as per SEC guidelines.

Furthermore, the SEC email response specific to SHMN posted here, kindly thanked the author for his/her concern with an assurance that they take these matters seriously, but also clearly seemed to contain an undertone that indicated that the SEC investigators just weren't seeing it, without blatantly stating it.

All JMO of course, and certainly not predicting the future here. As, although the SEC may also halt all trading on every exchange under their jurisdiction at any given moment of any day for any reason they see fit and for an extended indefinite period of time, if they feel it is necessary and in the best interest of the investing public, it just seems a little unlikely. again JMO

[BSNLAW84]

***SHMN’s fraudulent PRs now fully qualify for SEC suspension per suspension guidelines. To make matters worse, OTC recently downgraded SHMN from delinquent to defunct, meaning Grey Market or delisting might be right the corner for this pathetic shell company operated out of a rented mailbox.


Federal law authorizes the SEC, as the federal oversight and investor protection agency, to issue a precautionary 10 day suspension to ANY stock traded on a US market, like SHMN.

OTC Markets automatically removes any company that receives an SEC suspension from quoted trading, or “Grey Market” commonly referred to as the OTC geaveyard. Less than 0.1% of OTC companies that receive an SEC suspension return to quoted trading (99.9% are scams like SHMN and this make no effort to apply for reinstatement).

From SEC.gov

Why would the SEC suspend trading in a stock?

The SEC may suspend trading in a stock when the Commission is of the opinion that a suspension is required to protect investors and the public interest. Circumstances that might lead the Commission to suspend trading include:

• A lack of current, accurate, or adequate information about the company, for example, when a company is not current in its filings of periodic reports;

(OTC declared SHMN dark and defunct in August following a 3-year period of delinquency and complete lack of accounting for mismanaged funds and unexplained dilution)

• Questions about the accuracy of publicly available information, including in company press releases

(Do I even need to explain this one? SHMN recklessly and negligently allowed their unnamed “PR agency” to publish fictitious and fraudulent information in official PRs with ZERO oversight whatsoever)

* Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock

(2500% climb on announcement of a non-existent “binding LOI” with an unnamed company, ran concurrently with a silent dilution and sale of 108 million shares for an unexplained 2014 convertible note with an unnamed company, I mean this has to just be a coincidence, right???)