Replies to post #26596 on SOHM Inc (SHMN)

[Anticipating]

EXCELLENT! What more does company need to do before Stop sign will be removed?
:-) SHMN!

[BSNLAW84]

Q3-DISASTER: 97% workforce eliminated, net losses approaching $6-million, revenues nearing $0

Employees down to 5 from 145

Q3 total liabilities: $1.2 million (bills due)
Q3 current liabilities: $177,000 (quarterly payment plan)
Q3 net cash flow: -$292 (how much they made)

Outstanding debt as of 2018: $1.52 million (how much debt they owe right now)
Written-off operating losses accumulated through 2013: $5.12 million (losses they can’t re-pay)
Shareholder equity: $1.25 million (how much they seized from shareholders)

Number of years until-debt free based on 2018 net income: 780 years - infinity