Replies to post #57918 on SOHM Inc (SHMN)

[WhiteOwl]

From the getco I questioned a buyback with less than $500K in Revenue. As I’ve stated before, a Bodega in New York City sells that much. They talk of tripling, yet it is extremely slow to materialize if at all.. How does the Leadership survive? Their salaries have to be at the Poverty Level. I bought and then doubled because I thought they would and should exponentially grow with the Pandemic. If they are doing all they say they’re doing, we should be growing at a much faster pace. Too much doesn’t jive and they do nothing to amplify it. JMHO

The Old Owl

[Myth]

I'm not at all missing the point, I just don't dwell on things that happened in the past. I've been trading Pinks for a long time, and have seen MANY share buybacks announced along with promises of " divies "...

Maybe their intentions are good, maybe the $$$ that was expected to come in never did for one reason or another, who knows. The buyback was originally announced to help with what they considered to be a bloated OS.

I suggest everyone read the announcement again, as it NEVER guaranteed anything, and was subject to change at any time. Again, if I didn't trust them, I would sell immediately, what in pray tell would anyone be waiting for ? This share buyback is history, and as I said the pps eventually went from .001 to .014, so everyone holding shrs had an opportunity to get out when they full well knew the buyback was not happening, period.

Read it again...

SOHM's plan to repurchase these shares is subject to change at any time upon adequate public notice, with the number of shares and definitive timeline to be decided by market conditions and the company's financial status. Any changes to this plan will be noticed via press release and/or filing with OTC Public Markets.

this is just more nonsense, as everyone knows, or should know it was NEVER guaranteed...

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.

[Myth]

yeah, purposely misleading, like saying they guaranteed a buyback ?

and this statement is bullshit, as it can't be proven, it's an accusation with no proof, period.

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