Replies to post #57910 on SOHM Inc (SHMN)

[hardlesson]

We both have made that point here several times. The buyback had no teeth from day one. Even if they had started buying 150,000,000 shares the minute they announced it, those shares alone wouldn't have gotten us much past .002, if that.

It had no teeth.

The outcry over why it never happened is not equal to how little an impact it potentially had on SP appreciation, imo. Not only that, but they had no obligation to tell us anything about it, because they gave themselves 2 years to get it done. Then Covid, etc, etc.

Things change. Just like the Sp isn't going to stay at .0016 in 2022. :)

Now, they said they would honor prior commitments....not sure if they mean the buyback or not...but if they did, now would be a good time for them to take some, imo. Not holding my breath, as they probably need whatever they have for the acquisition, etc, as they stated...imo.



respects. hl shmn

[drugmanrx]

You keep missing the point.

so truth be told NO ONE suffered because of their failure to do the buyback, in fact just the opposite..

Point is credibility of anything they say going forward will always be in question.

If they failed to keep their word of 10% buyback how can you trust them to keep their word no REVERSE SPLIT?

Or anything else for that matter?

On a personal note I can care less about the share buy back, what I do care about is honesty and credibility.

THEY SAID they would do a buyback, nobody else, nobody twisted an arm this was a declaration they PROMOTED. THEY GAVE the timetable and the amount shares THEY WOULD BUY BACK nobody else it was THEIR words. As far as I have been able to tell in a two year period not one sub-penny by the company was spent to buy back a single share.

I can appreciate honest try and fail, as nothing in life is guaranteed, what I can not tolerate purposely misleading.