Wrong No Dump Here> Company explanation There are still some doubts in minds of some of investors about the 108+ million shares of common stock issued by the company in April 2018. The company’s legal counsel clarified that these shares were issued to a financial institution in cancellation of old promissory notes owed by the company and no member of the company’s management received any shares nor were any of them associated with financial institution. Due to a confidentiality clause of the agreement, the company cannot release the name of institution.
**SHMN dilution update 10/18/2018: 108 million dumped in 2018 so far, through the use of a fictitious news pump & dump promotion, possible fraud conspiracy between SHMN, their unnamed “PR agency” and the unnamed recipient of the shares clearly having insider knowledge of the promotion.
SEC expected to issue a terminal suspension possibly as soon as this week.
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