No Dilution (Based on words from New CEO)n (Verified by TA) Shares Issued 2016 "0" Shares Issued 2017 "0" Shares Issued 1Q 2018 "0" there was a 1 time issue of 108M Shares from Old CEO back in April to pay off an old note from 2014. before that last shares issued was in 2015.
Revenue (6 figures per Q Based on Filings)
currently has manageable capital for its operations, with reduced operational costs
NO R/S (Based on words from New CEO)
considering share buyback program
SHMN is not and has not been a shell company.
Expectin,,,More Revenue with large scale distribution of generic drug lines
The company Currently Produces and Markets 300 Plus generic pharmaceutical Products along with dermatology and nutraceutical Products!
Question is: Did SHMN Hire such a Financial Veteran Expert to get PPS back to .002`s
or Did SHMN Hire such a Financial Veteran Expert to get PPS back to Much More then .002`s
when New CEO Gives us Afew "PR"s .002`s will be a Test! Only a Test! If SHMN Breaks Above the .002`s then What is Possible?
Former SHMN director Shaileish Shah was indicted and convicted in Federal court following years of suspected fraud and money laundering involving SHMN accounts and shares. Along with his criminal conviction and sentence, SEC issued a 5-year cease & desist order barring him from nealy all penny stock and trading activities.
Sohm’s California business license has been revoked since 2014 as a result of non-compliance with California tax law. Sohm no longer has a presence in the United States not the ability to legally conduct business operations. They updated their “corporate office” to the address of Shailesh Shah’s personal apartment in Buena Park.
Following the arrest and conviction, Ms. Swati Shah was appointed director and promptly took action to liquidate and destroy what was left of their defunct Indian pharmaceutical business. Per the quarterly report for the period ending 6/30/2018 and 2015/2016 annual reports,
It was revealed that Sohm/SHMN conducted the following actions without public disclosure and continued to cover-up and publish misleading information suggesting that United States retail and Indian manufacturing operations were unchanged.
1. Ms. Shah liquidated 98% (approx. $840,000) of the company’s assets including inventory and pending sales orders in the final quarter of 2015.
2. Ms. Shah terminated 97% (140 of 145 employees) of the company’s workforce in the final quarter of 2015.
3. Ms. Shah liquidated 100% (approx. $1.2 million) of company-owned equipment prior to the end of 2015.
Following such, revenues dropped approximately 90-95% supporting the conclusion that manufacturing and sales were interrupted or abandoned well prior to 2018 when first exposed. There is clear evidence of an intentional cover-up, as well as suspected fraudulent activity through 2018.
The FBI and SEC have not yet disclosed whether or not additional investigations are in progress.
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