SOHM Inc (PK) (SHMN) Quote

as far as the Co soley in control of what info was disclosed, doesn't that includec auditors also for reporting issuers ?

It does, but the stakes are much higher. If its determined that there was a material misrepresentation, the Auditor is likely to bail (and publicly announce the reason for doing so), necessitating the retention of a replacement (which may or may not happen depending upon the magnitude of the transgression and/or any steps to prevent it from happening again).

And then there's the potential for the SEC to get involved, resulting in civil and/or criminal penalties.

LOL. I picked up on this. Also, opine is an under-used word. :)

"- say for the sake of argument, that some unnamed individual or entity holds ~50 shares of convertible preferred stock..."

"For the sake of argument." lol. Thank S, that made my week. Have a good weekend. :)

I always thought the same thing, personally I never read them, just checked to see they were filed. That's why I was surprised when you told me the insiders were listed years ago......

The whole attorney letter requirement felt like little more than a way to funnel more $$ to the drafting attorneys.

as far as the Co soley in control of what info was disclosed, doesn't that includec auditors also for reporting issuers ?

I bet you're glad to be away from this micro mess, good for you.

Interesting. While it was a nice source of supplemental income, I stopped doing them years ago when I stepped away from any representation of microcaps. Sounds like a few more firms will be losing this revenue stream.

The whole attorney letter requirement felt like little more than a way to funnel more $$ to the drafting attorneys. Since the Company was solely in control of what information was being disclosed, it was essentially impossible for an attorney to certify that the resultant disclosure was "adequate" (which was the attorney's role in the process)...If the Company chose to withhold material information from both the report and the lawyer - say for the sake of argument, that some unnamed individual or entity holds ~50 shares of convertible preferred stock - the attorney can only opine on what he or she can see, and declare it sufficient or insufficient.

follow up, no more atty letter needed as I understand it...

https://www.austinlegalgroup.com/otc-markets-otcid-basic-market/

https://www.otcmarkets.com/otcapi/company/financial-report/450532/content

best half a day here in a long time.....

https://ih.advfn.com/stock-market/USOTC/sohm-pk-SHMN/trades?_gl=1*1k33wb7*_gcl_au*MTM2NDAxNjg3NC4xNzQyNDEyNzM2

Nice buying at .0009 Congrats to the flippers:

https://ih.advfn.com/stock-market/USOTC/sohm-pk-SHMN/trades?_gl=1*1q4k06b*_gcl_au*MzAyNjAwMTYxLjE3NDQxMjI4Mzk.

Of course if you want your shares back, there's plenty of them at .001, or just keep bidding the .008's.

Nice patent news. Will they knock off the cobwebs at some point and really sign a Licensing deal?

They keep mentioning "opportunities."

OTC Twitter pumping traffic is picking up for OTC overall. Long holders of SHMN on Twitter are Tweeting.

As I type the 14,500,000 at .001 have moved to .0009. Let's see if there's more appetite for them...

thanks for posting that Knife.....

Patent approval in South Korea. How it benefits them long term is unknown, but at least it's something.

https://www.otcmarkets.com/stock/SHMN/news/story?e&id=3211648

All the best,

Knife

I see he had 82 ml listed in the atty letter for the 2011 annual.....

https://www.otcmarkets.com/otcapi/company/financial-report/77326/content

47,000,000 x .015 = $705,000.

47,000,000 x .04 = $1,880,000.

So somewhere in between those figures is what Bhat invested in 2011 for the first 47,000,000 of his 82,000,000 now Unrestricted shares.

Plus, the new infusions of Hundreds of Thousands of Dollars.

14 years since 2011. That's a true "stakeholder."

Thanks for looking that up. I didn't realize it went back that far, but I knew you probably had it pretty well in mind, as you did a thorough job of tracking down the 5% holders not too long ago.

thank you. appreciate it..

Attorney letters have to list insiders. Back in the day, letters were required for quarterly as well as annual reports. Bhat first appears in the September letter for the quarter ended June 30, 2011 as the holder of 47MM shares, acquired through an investment company:

https://www.otcmarkets.com/otcapi/company/financial-report/60435/content

I would prefer for you to be right. If you are right, the Revs are up, the debt is positively shaping up to something necessary, and Licensing is the best option, no kits...then Retail shareholders will be happy, IF they get a lucrative licensing deal...IF.

You present an accurate viewpoint as to their treatment of shareholders to this point, lack of communication, failed and lapsed updates, etc.

Here's my feeling at this point:

They don't have any other choice but to pursue Licensing only...because KITS failed.

They are in panic mode...they went almost 4 months without a PR.

Then told us in 3 consecutive PR's about another change in direction, a nebulous AI Team, and a shareholder goaded expansion PR (IMO) that is also lacking details and costs.

So again, Bhat is the only one that is funding Sohm...he has the most to lose by throwing in the towel, so they must feel at this point that the only thing they can do... is throw more money at their "plans."

Revenues are only growing from Gummies, maybe a little CDMO, and who knows what else because they will never itemize any of it for us, in fear of scrutiny.

I personally think this whole thing sounds and smells very familiar.

They haven't even peeped about the possibility of engaging a PCAOB Auditor at some point.

They currently sound giddy, trying to convince us that everything is very "exciting and thrilling."

____
1. All is good, Revs up, debt necessary, Necessary Share Issuances/Restrictions, Licensing on track.

or...

2. Desperation, Debt by no other choice, Stalling, Share Bloat on the horizon, Licensing as last resort fails.

____
Both are possible, and we can't believe any Licensing deal unless they PR actual numbers, details, and get a direct quote from the Pharma in the PR...then we have to see the Licensing "Millions" in the subsequent filings.

I appreciate your objective post, one of the best that this board has ever seen.

Hey JD, where did you find Bhats investment in 2011 ?

The first I saw it was 2018.....

Nice post btw....

To be fair, revenues have grown dramatically in the last two FY. Addition of debt (IMHO) was expected, and long past due. Their balance sheet is beginning to resemble a company that actually has facilities, employees, does R&D, spends $$ on marketing...you know, a real company. All of their past "profits" were illusory, as the miniscule revenues were not being offset by any actual (and expected) business expenses. It takes money to make money, and until recently these guys haven't had (or been willing to spend) the cash it takes to make a real business work...Although it may seem counterintuitive, I'm pleased with this development.

Repeating one of my earlier comments, I think the move from selling kits to pursuing licensing deals is a massive positive. There is tremendous risk and regulatory burden involved in direct sales, to say nothing of the manufacturing expense, staffing complications, etc. The costs associated with selling ABBIE would likely offset any profits they'd make.

The above said, There is still a major fail on the part of the Company...as is often the case with SHMN, the problem is in messaging. Their lengthy history of making bold proclamations, failing to deliver, and (most importantly in my mind) subsequent failure to announce that they've changed course in a timely manner (if ever) remains in full view. Until they correct this behavior, the market will never react favorably to a PR, and will always wait to see what shows up in the fins.

* I have no clue what Bhat's basis is, but a quick check shows a PPS between .015 and .04 around the time of their initial investment back in 2011.

* Aguilar came in low, but the deal structure indicates that he expects a significant ROI.

If the parties above wish to see PPS increase so that they have some liquidity/potential ROI, I would hope/assume that they assert some influence to correct the deficiencies in both strategy and disclosure that have been so thoroughly documented on this board. There are good things happening here, but the Company has such a lengthy history of shitting on its shareholders that the market (wisely) chooses to disregard it all.

I couldn't care less....

No you didn't. Should we talk about your company emails, lol?

I always wondered why you were afraid to send your own e-mails ?

Thanks and respects.

you're welcome....

I can't, I'm shaking too much....please don't hit me....LOL

wow, I really hit a nerve there, amazing what a few G&T'S and a keyboard can do for one's ego......

and calling me a punk was my favorite......LMAO !

I thought i told you to stick a sock in your mouth...



No thoughts about the company "expansion?"

Maybe we should request they get a Licensing deal, maybe we'll get one, lol?

that guy Dave is an asshole, pure and simple...

Expansion, just ask for it:


4.9.25: $SHMN @sohminc I believe they are a tariff Chinese play. They have pharmaceutical manufacturing facilities. Since we are trying to wean ourselves off of Chinese pharmaceuticals, I emailed them and suggested they ask the FDA for grant money to expand their facilities.

$shmn I once was an advocate for this company. They have yet to prove anything with ABBIE, and haven't generated a single Dollar of Revenue from it, though touting Revenues many times. Their MC is 1.2M, and they are unprofitable, and going further into debt. So far...FTD.— Dave (@hardlesson1) April 9, 2025

4.9.25: "Every company will have issues to correct. Sohm is small and any money will help with expansion. They have a growing team and expanding reach for their increasing products. Abbie has been disappointing but once it comes to market (nothing is certain) Sohm will soar. High risk."

Every company will have issues to correct. Sohm is small and any money will help with expansion. They have a growing team and expanding reach for their increasing products. Abbie has been disappointing but once it comes to market (nothing is certain) Sohm will soar. High risk.— Jason (@wofnat26) April 9, 2025

4.9,25: "Ask them to expand?"

The point is they source from India, and Carlsbad CA, and still can't sell anything near projections. That has nothing to do with China or Tariffs, that nonsense is just taking advantage of the situation. Ask them to expand? Look at the filings. No $$$. $shmn— Dave (@hardlesson1) April 9, 2025

______
4.10.25: "SOHM, Inc. Shares an Exciting Expansion and Upcoming Presentation on ABBIE"
https://www.otcmarkets.com/stock/SHMN/news/SOHM-Inc-Shares-an-Exciting-Expansion-and-Upcoming-Presentation-on-ABBIE?id=473261

"This expansion is a strategic move to support our ever-growing Next-Generation Sequencing (NGS) validation needs. With an increasing number of licensing opportunities on the horizon, we are poised to meet the demand for engineered mouse models and cell lines vital for drug development, gene therapy, and immunotherapy. Additionally, this expansion will enhance our AI-enabled ABBIE platform, paving the way for revolutionary applications in next-generation gene editing. Dr. David Aguilar, COO, added."

_____
Expansion...just ask them right...Not sure how we expanded exactly...a new computer...a new work desk, a college intern, a couple mouse cages? How exactly, and what is it costing?

I know the share structure is expanding, and the debt is expanding, and the time horizon is expanding...and the staff is expanding, and the gummie sales are expanding...but will the Revenues and Profitability expand?

Dr Bhat is a successful man, and Doctor. He deserves an ROI here more than any of us probably.

For whatever reason, he is doubling down here at Sohm. I can't speak for his motives. But I can speak to OTC companies with a long history of failing to deliver, time after time.

Sohm fits that description to a tee.

What Bhat does is his business...but that's irrelevant to those of us that are looking at the failures, rising share structure, and rising debt.

What would you know about successfull trading? I've contributed to many stock boards, have been very informative on most. Have had good and bad trades, and no one knows what else I trade, or succeed in.

But you want to counsel me on hobbies, when your greatest contribution to ihub is posting music videos?

Let me say this in a language you can understand. I've exercised a lot of restraint with your insults, and I know they'll keep coming....but you sir should open your insulting mouth, and stick a sock in it, then go back to your YouTube, MTV, music posting hole, and see if you can live up to your home town, instead of being a punk.

I welcome JD's input. But remember, he never said that Restricted Shares don't get Unrestricted, because they do.

He never said those shares will not hit the market. There are 662,000,000 Restricted Shares. And in the OTC Pink cess pool, that's never something to ignore.

JD was objective. He has always been respectful to posters here. You could learn from him.

Nice deflection from your argument that shares in the "Trust" were of no concern. That Bhat won't benefit if they are sold.

Fact is he has 82,000,000 reasons for shareholders to concern themselves with. (Plus 87,500,000 RESTRICTED...Plus many more Preferred in Exchange for Funding.)

He is a Creditor, like any other Pink stock...that hasn't been paid, along with many Creditors.

Minimize that all you want, but the debt here hangs over our heads, with no certainty it will be serviced.

...and the debt is growing, and that's nothing to "lol" about...

but you aren't Dr Bhat, he's a successful man who's not thinking like a loser pink sheet trader hl......

if I was Bhatt, I'd be getting very impatient, as well as the other Creditors. An issue that Sohm hasn't really addressed, they just keep pushing their Creditors off a year at a time according to the filings.

find another hobbie, one that is cheaper....lol...

well I guess JD shot your conspiracy theory all to Hell, how dare him !!

LMAO

lol....I made no inference at all hl......

I happen to have "some" background with this concept. I'm assuming you don't with your inference that those shares are somehow locked up.



so you " assumed " wrong...

It's you assuming that Dr Bhat couldn't possibly be very happy with his investment, especially with ABBIE and is waiting for his big payday...

He also held tight when the stock ran to over a penny, so there's that also..

My suggestion is tend to you own business, if you have any, and let Dr Bhat tend to his.....I'm sure he's more than capable...

*as he sees fit*

As Trustee of the Trust, he has control over that asset. If he so chooses, he can liquidate that asset as he see fits. If they are in fact deposited to DTC.

If he dies, or is incapacitated, a Co-Trustee can also liquidate that asset.

I happen to have "some" background with this concept. I'm assuming you don't with your inference that those shares are somehow locked up.

Anyone who follows this stock might know the above...and that Bhat to date is one of about 3 people that are out large sums of money, without an ROI.

...and he's apparently getting deeper into the hole as he funds an AI Team, and Expansion...without a single Licensing deal that's inked, or divulged.

Creditors here have been strung along for quite some time without payment...I'd bet they are equally pissed that...

CBD didn't happen...

Levitiracetam hasn't happened...

San Diego hasn't happened...

The acquisition didn't happen...

ABBIE Kits haven't happened...

...and so on, and so on...


...all those "potential" saviors that would get them paid are so far out the window.

This is what anyone gets for "following this stock."

...well at least Swati Shah got paid.

anyone who follows this stock knows that Bhat's 82 million is in a trust fund, so what are you talking about
" getting paid " ?

BHAT FAMILY
TRUST
(Control person of
trust Dr. Krishna
Bhat)

OWNER OF MORE
THAN 5%

1302 Laurel view
Drive, Johnstown, PA
15905

82,000,000 Common

Thank you again. I keep a close eye on the Unrestricted, then deposited to DTC.

Usually when they get deposited to DTC, the selling commences.

If I was Bhatt, I'd do everything in my power to be able to Freely Trade my Unrestricted shares...even if it came with limits.

That guy has yet to get an ROI...while Swati (former CEO/Insider?/Creditor) on the other hand, got to trade her 100,000,000 approx...

Good information, thanks man. :)

Rule 144 applies irrespective of reporting status.

You don't often see a form 144 filed with pinks because the insiders are generally holding the shares until there is a significant change in their marketability; a secondary public offering, an acquisition by another organization, or even an internal decision to take the company private. Insiders will generally have insight into the strategic decisions related to/resulting from the above scenarios, and as such are incented to retain their holdings (and not incur the PITA of clearing/depositing) until they occur.

There's no reason to sell in trips if you are angling toward an acquisition, or know (or even just believe) that there is something on the horizon that might dramatically increase PPS.

The flip side is that if the company goes TU, unless there is a formal bankruptcy proceeding, those insiders retain a stake in the shell which can conceivably be monetized in the future.

Sorry - missed that somehow.

It's likely that those shares stemmed from restricted certificates that were cleared but are still being held by the named shareholder. They don't enter the float until they are traded.

With the Company now unprofitable...I can see why they are scrambling to sell gummies, etc. They have tried to keep the SS where it is, but will it be too late? Also, would like the company to publish anything new showing the changes to Aguilar's terms. They acknowledged they've changed, but we don't have any new time horizons, or payment, share/compensation adjustments.

And if Aguilar agreed to take Restricted shares as a partial form of compensation, he has to be expecting to sell them at some point, otherwise why take them? Maybe they won't update us, as it would be giving away too much information?

https://www.investopedia.com/terms/r/rule144.asp

Also, how often do you see an Alternative Reporting Standard Issuer (Control Person) file a Form 144?

Bhatt's original shares 82,000,000 were purchased as an Investment years ago, before he was listed as an Insider.

Maybe he can't deposit them now?

He keeps opening his checkbook and never gets paid? These last 3 PR's also point to more of his money being needed for funding.

My point is, there is a disparity between the Unrestricted and DTC shares. I can't see that staying that way indefinitely, imo.

If I was Bhatt, I'd be getting very impatient, as well as the other Creditors. An issue that Sohm hasn't really addressed, they just keep pushing their Creditors off a year at a time according to the filings.

I understand, but those are UN-Restricted shares. There are 96,000,000 UN-Restricted that aren't deposited to DTC yet.

It's my understanding that if they are Unrestricted, it's just a matter of time before they can be Deposited to DTC? Therefore making them tradeable...

Also, most of those shareholders are also control persons - they'd have to file a form 144, and would be stuck with volume restrictions.

It's a PITA to clear/deposit restricted shares - for awhile, nobody would touch them for sub-penny pinks due to enhanced SEC enforcement efforts.

WDCO is the only broker-dealer that I am aware of who will currently work with them, and then you're looking at several thousand dollars in fees (shareholder attorney letter; broker-dealer legal review, sub-penny deposit surcharge, etc.) to get them deposited, at which point WDCO wants you to liquidate ASAP. I suppose you could clear them and then transfer over to a 'normal' brokerage account, but even then you'd be looking at an additional 3% fee.

It doesn't make sense to go through all of that when the PPS is flailing about in the trip zeros unless you're resigned to dumping them off and walking away.

1,353,284,390 UnR - 1,256,734,583 Held DTC = 96,549,807.

Why haven't these Unrestricted Shares (96,549,807) been deposited at DTC?

Who owns them?

I haven't gone all the way back to see if Bhatt's "original" shares were ever deposited, but if they are his then he has 82,000,000, Unrestricted. (He also has an additional 87,5000,000 RESTRICTED.)

96,549,807
- 82,000,000
= 14,509,807

Maybe some of those Unrestricted shares (but not yet Deposited to DTC) are from the share issuances of 2023?

Just thinking out loud about when these shares might hit the market, along with some of the Restricted 662,292,017.

https://www.otcmarkets.com/stock/SHMN/security

I personally am looking for some additional share structure adjustments in the near future. They seem due...

14,500,000 ASK stacker laying in the weeds from yesterday...

Chilled as I read this new PR. They're Thrilled and Excited!

"...thrilled to announce and share some exciting developments at SOHM Inc.!

Even an Exclamation point at the end...

"We are equally excited to inform you that SOHM Inc. will be presenting a poster at the prestigious American Society of Gene and Cell Therapy Conference, taking place from May 13-17 in vibrant New Orleans, LA. Our poster is entitled "ABBIE Gene Editing: A Breakthrough in Precise, Replicable, and Traceable Genomic Integration," highlighting our cutting-edge advancements in this critical field."

"Thank you for being an integral part of SOHM Inc.'s success!"

Excited, Thrilled, and Chilled.

so quit insulting me then, grab a gummie and chill....

19M now stacked at .0009 I guess they didn't like today's PR:

https://www.otcmarkets.com/stock/SHMN/news/SOHM-Inc-Shares-an-Exciting-Expansion-and-Upcoming-Presentation-on-ABBIE?id=473261

_____
It wasn't a bad PR imo, but like the last one it points to more expenses than Revenues, at least in the short term.

"With an increasing number of licensing opportunities on the horizon, we are poised..."

"Further details regarding the poster event will be shared in due course, and we look forward to your continued support as we embark on this thrilling journey..."

...and as I type, those .0009's appear to get stacked at .0008.

...or maybe this PR will pave the way out for them, it's too early to tell.

___
Always room for Gin n Tonics on Friday...lots of other stocks out there to celebrate, until Sohm gives us a reason, imo...

And then someone reloads Ask with 8's. Guess the 9's will take a bit longer..

Knife

I guess there won't be anymore gin and tonics on Fridays....

Most people have wised up on how this company operates