SOHM Inc (PK) (SHMN) Quote

a bit of sarcasm on my part went undetected, oh well.....I don't care what time or day news come, what I care about is what becomes of it..

I think there's more to this than the possible retirement of Night, we will see, I hope...

you mean the time the Tweet was released doesn't alarm you

Nope. Lots of business gets done on the East Coast before alarm clocks in Cali go off (to say nothing of folks in the EU). The only time I get suspicious is when something hits the wire between 5:00-8:00 on a Friday (especially when it leads in to a long weekend).

you mean the time the Tweet was released doesn't alarm you JD ?

My guess is also Baron, this is very interesting imo...

I have zero insight here, but I can't help but suspect (hope?) that we might finally be seeing the departure of dear old Baron and/or any other remnants of the Shah regime.

Restructuring for Transparency and Value?

Stay Tuned?

Why send this Tweet at 8:10am (5:10am San Diego) time?

Strengthening Leadership?

____
...

SOHM, Inc.
@sohminc
·
1h
SOHM ($SHMN) Update

We’re undergoing strategic changes to drive long-term growth:

• Strengthening leadership
• Restructuring for transparency & value
• Advancing our biotech division
• Progressing ABBIE—a technology with transformative potential for global health

Stay tuned. The future is bright!

Strategic changes/Restructuring: SOHM ($SHMN) Update

We’re undergoing strategic changes to drive long-term growth:

• Strengthening leadership
• Restructuring for transparency & value
• Advancing our biotech division
• Progressing ABBIE—a technology with transformative potential for global health

Stay…— SOHM, Inc. (@sohminc) May 22, 2025

Just checking in, how are we doing here.

Will Sohm Comply with OTCM Rules? Does OTCM care?

Given that this issue has been raised on more than one occasion with no tangible response, I think we can safely say the answer is a resounding "no"

Welcome to the Wild Wild West.

10. The Company’s Officers, Directors and 5% Control Persons are listed below:

The table below provides information regarding all officers and directors of the Company, or any person that performs a similar function, regardless of the number of shares they own. To the best of the Company’s knowledge, it includes all individuals or entities beneficially owning 5% or more of any class of the issuer’s equity securities. To identify holders of 5% or more, companies may obtain a recent copy of their shareholder list that includes Non-Objecting Beneficial Owners or “NOBOs.” SEC Reporting companies may also research their beneficial ownership and insider transaction filings such as on Schedules 13G or 13D or on Forms 3, 4, and 5.


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The 51 Preferred shareholder has not been known for years.

Does OTCM care? Apparently Sohm doesn't care that we know? Do they have a valid reason for non-disclosure?

If Sohm ever has a Change in Control to another person or Entity...who will they be buying the Control shares from?

Inquiring Investors want to know, have a right to know?

Will we go to OTCID or Pink Limited Information:

https://www.otcmarkets.com/files/OTCIDRules.pdf

F. Alternative Reporting Standard. An Alternative Reporting Company must publish, through OTCIQ.com, all disclosure required under the OTCID Disclosure Guidelines and remain current in its reporting obligations on an ongoing basis.


C. Compliance with OTCID Rules. The Company is responsible for compliance with these OTCID Rules and is solely responsible for the content of the Information;

G. Notification of Change in Control. The Company shall notify OTC Markets Group upon the completion of any transaction resulting in a Change in Control. OTC Markets Group may from time to time independently determine that the Company has undergone a Change in Control, and in such case will notify the Company of its determination. Subsequent to each Change in Control, the Company must submit a new application and application fee (as specified on the Corporate Services Fee Schedule) within 20 calendar days of notification to the Company. A Company that fails to submit the required documentation and Fees subsequent to a Change in Control may be suspended or removed from OTCID in OTC Markets Group’s sole and absolute discretion.

Immediately subsequent to a Change in Control, the Company must log in to OTCIQ.com to update and verify its Company Profile with the information needed to ensure the Company Profile is current and complete in order to maintain the “Company Verified Profile” designation on www.otcmarkets.com. Additionally, the Company must publish a new Management Certification through OTCIQ.com, if applicable;

3. Removal and Suspension
Failure to meet the requirements for qualification in Sections 1 or 2 shall result in immediate, automatic removal from OTCID. OTC Markets Group may suspend or remove the Company’s securities from OTCID if the Company fails to meet any other obligation outlined herein or if, in OTC Markets Group’s sole and absolute discretion, it believes the continued inclusion of the Company’s securities on OTCID may impair the reputation or integrity of OTC Markets Group or be detrimental to the interests of investors.

“Change in Control” shall mean any events resulting in:
A. Any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becoming the “beneficial owner” (as defined in Exchange Act Rule 13d-3), directly or indirectly, of securities of the Company representing fifty percent (50%) or more of the total voting power represented by the Company’s then outstanding voting securities;


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Will Sohm Comply with OTCM Rules? Does OTCM care?

It's not only that we don't know who owns the 51 Preferred Control shares...but that the shares were transferred from the former CEO Shah, culminating at the time of an SEC action. Who he gave Control to should be of interest to anyone wondering if OTC Markets will one day enforce their rules. If Management doesn't reveal the 51 Pref owner, have they offered an explanation? IMO, anyone deciding to Invest in Sohm through Funding or Licensing, etc, would want to know who is on Control here.

The above information becomes more critical to me personally as time passes, especially if we are to believe that Sohm will become anything other than a Gummie Company. IMO.

I would think if and when the Licensing/ 6mm deal goes through it will be PR'd, as this will be the big step up imo...

SOHM, Inc., is set to receive $6 million upon funding approval by its partners to advance their joint research initiative focused on developing cutting-edge genome editing products

As far as the 51 Preferreds, having a name would not give anyone any more concern than not. That's how simple it is for me to deal with it.....

They are out there, just like the others, sorry but this doesn't scare me, if it did I would have been completely out of here a long time ago. Remember I brought it to attention a few years ago, it was never a big issue, in fact many who claim it is now were trading the stock all along....

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=167830579

Pref shares will continue to be an issue for me - as I noted earlier, it seems like they are being intentionally evasive, and the result of conversion of these mystery shares could result in either a control position or another 1BB shares in the float.

thanks, that was my point, next time post the whole quote, in case you didn't comprehend, I was talking about the 51 Preferreds...

Like I said before whoever owns them makes no difference to me, we have no control over what they do in the future, but we do know what they did in the past 9 years.

but we do know what they did in the past 9 years

Yeah, nothing

To be clear, I definitely would *not* prefer a convertible; I was trying to indicate an openness to using other methods of funding/expanding/paying for assets & employees (ie, stock grants/comp), as the shares issued in these types of transactions pale in comparison to the typical massively dilutive note conversion.

Pref shares will continue to be an issue for me - as I noted earlier, it seems like they are being intentionally evasive, and the result of conversion of these mystery shares could result in either a control position or another 1BB shares in the float. As you correctly pointed out, reporting these holdings is no longer part of the attorney letter (which itself was based on TA reports ordered by the Company); it is rather is part of the OTCM management completed disclosure statement which unambiguously requires the Company to report "all individuals or entities controlling 5% or more of any class of the issuer’s securities". The fact that they list Bhat individually and as trustee for a combined 19%, but don't mention the missing 51% shareholder at all is concerning to me.

I guess I read their statement about funding as referring to the more recent announcement of the 6MM influx and distinct from the earlier loan; I can totally see where your interpretation comes from as well, and don't disagree with it as a possible source...but it would be nice to know for certain instead of having to guess.

One of these days, SHMN will have to decide if they want to be a NASDAQ pubco, or continue to act like a closely held corp that just happens to have some unaffiliated shareholders.

I'm surprised you would even consider a convertible note, but then again I was surprised you brought up the 51 Preferreds again, to each his own. Like I said before whoever owns them makes no difference to me, we have no control over what they do in the future, but we do know what they did in the past 9 years.

I am reading this as it's the same investor, and it will show in the 2nd qtr fins as loan payable. I'm also thinking the new " loan " was secured by the fact they paid down the last one. That's just my guess but the loan payable did drop from over 600k to 50k I believe.

We are pleased to announce that the company has received the previously disclosed investment from our valued investors.

Difficult to say...the language in the PR suggests that it's net new, but your interpretation may well be accurate.

Sure would be nice if they'd be a bit more disclosive, no?

When I asked where it was on the 3rd qtr filing, they replied " loan payable " which you can see was 600k

https://www.otcmarkets.com/file/company/financial-report/386173/content


this loan showed a balance of 50k in the 3rd qtr 2024....

https://www.otcmarkets.com/file/company/financial-report/416156/content

comments or corrections welcomed...

Hey JD, imo it's a continuation of the financing they secured back in 2023, a simple " note ", not convertible as they Tweeted out before when the same questions were raised....

https://www.accessnewswire.com/newsroom/en/consumer-and-retail-products/sohm-inc.-announces-the-closure-of-finances-funding-for-its-various-pro-770109

When they Tweeted

We appreciate your interest and concern about our recent funding and financial notes. We would like to clarify that the financial note is a simple note, automatically renewable upon maturity of one year and definitely it is not a convertible note.

A simple note is a type of…— SOHM, Inc. (@sohminc) July 28, 2023

I could be wrong but I am quite confident you won't see a convertible note here....

Startup with same skeletons and leopards, imo.

But I hear you though man. They have mastered the art of vague. Gin n Tonics to you SJ.

Despite the fact that this entity has been around for awhile, it is for all intents and purposes a startup. Debt is the name of the game until it can become profitable; as long as they stay out of the extortinate convertible debt game (ie, they are receiving investments, not loans), I'm on board.

That said, I think the nature of this 'investment' is material. Did they do a PIPE/Reg D? Was it actually convertible debt? The fact that they issued the statement immediately following the quarterly is a bit concerning, as it means that (in the current world of Pinks) we likely won't learn anything for another 3 mos.

As usual, we sit and watch (and speculate, and hype, and complain, and...)

New Ticker name change ideas: VAGE or DEBT:

We are pleased to announce that the company has received the previously disclosed investment from our valued investors. In line with this development, we have made significant partial cash payments to CGA369 Intellectual Holding Inc.

We are also happy to share that the company…— SOHM, Inc. (@sohminc) May 16, 2025

Late Tweet....


SOHM, Inc.
@sohminc
We are pleased to announce that the company has received the previously disclosed investment from our valued investors. In line with this development, we have made significant partial cash payments to CGA369 Intellectual Holding Inc.

We are also happy to share that the company and CGA369 have reached a mutual understanding. As we move forward, we remain committed to fulfilling the remaining cash payments and stock issuances in accordance with the agreed terms—ensuring alignment with the best interests of all stakeholders.

This agreement marks a significant step forward and represents a mutually beneficial outcome for all parties involved.

must have....

Unless I hit cancel instead of submit?

Negative.

Sadly, I missed the note in the prior filing, and did not receive that information as part of the diligence I reviewed.

Hey JD, when you signed off in 2018, did you inquire who he tranferred the Preferred shrs to ?

https://www.otcmarkets.com/file/company/financial-report/209415/content

" On July 1, 2016, Shailesh Shah retired his 107,604,173 common shares and on July 13, 2016, Shailesh Shah transferred
all of his shares of Series A Preferred stock (51 shares). "

https://www.otcmarkets.com/file/company/financial-report/274946/content

are you sure it was deleted JD, I don't see it......

Mods can see all deletions....

Yes, but Arash Shirdel, who previously opined doesn't need to do it anymore in a Attorney Letter, and either he previously omitted the 51 Preferred shareholder by accident, or he feels he has a good reason to omit it.

The Management Certification (new process) has omitted it as well, by Baron.

For some reason this is a tremendous oversight by Management, or OTCM has elected to not enforce their own rule, or they feel that Sohm has a legal reason to omit? Or some other unknown reason...

What I was requesting of you is to make an "inquiry" of BCJ, to see if they were aware of it, or if they could contact the Issuer to encourage them to make adequate disclosure according to OTCM rule. I know they don't have to reveal anything to you, but perhaps the inquiry would spur the disclosure?

My two cents.

BCJ aren't the ones who review/opine upon the annual reports. Moreover, even if they were they wouldn't be able to share client information with me due to attorney-client privilege.

I had an earlier response to Myst's questions, but included an off color acronym for what OTC Markets told me when I raised the issue with them (essentially the same response that you received, but I summarized it), so IHUB deleted it. Oh well.

Good question. I tried a long time ago, and OTCM told me they would look into it, and that they couldn't discuss it with me as I'm not the "Issuer."

So I left it alone.

I've been meaning to ask you also for some time...why don't you contact your fellow SLC'ers and see what they have to say?

You can talk the legal lingo, and see if they care, as the Sohm Securities Council.

We have a right to know, imo, who has that Control of the 51 shares that were "transferred" to them, from Shailesh Shah.

Brunson Chandler & Jones, PLLC
Walker Center
175 South Main St.,
Suite 1410
Salt Lake City, UT 84111

I get what you are saying, but who owns them isn't a big deal to me. They are out there, so be it....we never knew, and it's been how many years now

I have to ask, have you ever contacted OTC Markets and brought the issue up ?

I'm more interested in this, what are the terms..

The company has acquired ABBIE patents and its technology from CGA369 Intellectual Holdings, Inc. and have made partial payment as per agreement. However, due to some avoidable circumstances, the remaining payments and issuance of stocks are pending, and the company has successfully negotiated and extended terms with CGA360 Intellectual Holding, Inc.

Still trying to figure out how they get away with disclosing Bhat/Bhat trust as holders of 17% and 10% respectively of the Pref, but do not identify the holder of 51% of the Pref (despite acknowledging that there is a 3rd shareholder).

How does the attorney sign off on this as adequate disclosure? Why doesn't OTC Markets (who at least used to be very particular about omissions like this) flag this as an error to be addressed?

+2x YOY bump in revs & corresponding COGS; total expense held steady at $216k (marketing increase offset by R&D decrease); Net loss down 60% YOY.

Ironically, these revenue numbers reflect a substantial increase from the salad days of penny trading back in September 2021 (Q4 ended with ~$120k revs) and show something closer to a real world total expense line (as opposed to the laughable $31k of total expense in '21).

Further evidence that Pinks are irrational.

Don't hold your breath.

They've used shares as their primary consideration to acquire ABBIE, the primary consideration to bring new officers in, and likely as the primary inducement to bring in new partners to co-develop ABBIE based solutions (how much do you want to bet that there has been or will be a further issuance related to the $6MM deal announced in April).

The good news here is that the issuances are modest in scope. What we (thankfully) are not seeing is the typical pink play of signing convertible notes with huge OIDs and stupid conversion terms. As long as we can stay out of that trap (and with the SEC crackdowns of the last 5 years, the prevalence of this practice has significantly diminished), a few million shares here or there won't make a material difference (keep in mind, there are 2 billion issued and outstanding right now) - particularly if this ticker manages to gain some traction within the next year.

Still waiting for some more info...

the name, the terms, and what it means to the income statement...

https://www.newswire.com/news/sohm-inc-agrees-to-licensing-for-investigational-and-pre-clinical-studies-for

Every Pink I've ever looked at dilutes, it's how most run their business. The big difference I see here is the money is not going to some fat CEO who majored in " theft " and " scam ".

The other difference is the fact they acquired ABBIE, something that can be a tremendous game changer here in due time.

I don't, and never did get excited over the Walmart / Amazon stores selling mostly gummies, does the revenue help, sure it does, but the big prize here that everyone invested cares about is ABBIE.

The filing today is a sleeper...zzzzzzzzzzz....means very little to me.

I can't seem to find this...must be the wrong date....

13. On January 23, 2025, the company issued 17,500,000 common restricted stocks and 3 restricted preferred stocks to different
individuals and entities mentioned in section 3 (A) of the disclosure statement above.

https://www.otcmarkets.com/file/company/financial-report/464723/content

Time for promised additional revenue streams to produce and/ or very positive news out of this week's assembly session. Revenue is trickling in and they just can't help themselves with the dilution. SOHM needs to be content with the shares out their and stop diluting until they can actually produce. Time to put on their big boy pants and act like adults for once in their history. Prove your not just a bunch of unproductive headlines. 

Quarterly Filed

https://www.otcmarkets.com/file/company/financial-report/464723/content

1Q 2025 Revs $238,432 Net (Loss) ($47,250)

Gummie Sales, etc, almost keeping them afloat...more Debt added to long term note, more share issuances to Bhat...


1Q Filed: https://www.otcmarkets.com/stock/SHMN/disclosure

hey friend, I was wondering where you've been, sorry to hear about PHIL, I know you were high on that ticker....

I hope your buddy make's some coin here, gl to you as well !

My buddy bought 3 million shares today Hopefully time to start popping Wish I had some to invest but Henry and PHIL Screwed me over and left me in a ton of trouble but my friend is in SHMN now

SOHM, Inc.
@sohminc
We are at the 28th ASGCT Annual Meeting, held at the New Orleans Ernest N. Morial Convention Center in New Orleans, LA
From May 13-17, 2025.

We are at the 28th ASGCT Annual Meeting, held at the New Orleans Ernest N. Morial Convention Center in New Orleans, LA
From May 13-17, 2025. pic.twitter.com/5G08OvMM17— SOHM, Inc. (@sohminc) May 13, 2025

2024Q3 revs ~$256k; net loss - $28,471
2024Q4 revs ~$350k; net loss - $466,855

Majority the net loss increase was attributed to SG&A.

I agree...Assuming the trendline continues, we'll likely see increases in both.

1Q 2024 Revs. $89,894. Net Income (Loss) (166,135)

1Q 2025 has to be a lot more Revs than that I'd imagine, with all the Gummie efforts. Net Loss should be a lot more too imo...

1Q due in a couple days...

$SHMN lost "Verified Profile." Was last verified 6 months ago, and overdue for an update to satisfy OTCM 6 months requirement.

Will likely need adjusted too because of this, and other Forward Looking touts since then:

"After careful consideration, we have decided to pivot away from the sale and distribution of ABBIE kits for independent use."

Profile says: "One of our most exciting innovations is the ABBIE (A Binding Based Integrase Enzyme) Retroviral Integrase-dCas9 donor DNA integration system as an off-the-shelf kit for gene editing."


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


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Add the new Forward Looking stuff Baron...while you're at it let the world know you work for Sohm as CEO for years, by adjusting your LinkedIn like the other Officers and Advisors...

Shareholder for over 10 years. I have read every press release on this company their is. Yes. It was great to see David come on board.  Unfortunately with Night still in the picture, the past looms large. And maybe David was given full autonomy by Night and doesn't think the past matters as he was not a part of it. But for a company that has not been able to follow through on many press releases, certain steps need to be taken to ensure shareholders that they are serious adults this time.  They have certainly followed through on some recently but revenue is not much higher than a decade ago. I would have expected David and the others to realize that all these press releases mean nothing solely due to the past even if they were not a part of it. I was a part of the dot com craze and the penny stock explosion in the early 2000's. This will be treated as no different until they show they are both interested in differentiating themselves from the past management and showing they truly believe what they release to the public. shareholders actually matter to publicly traded companies.  

2.26.2019: https://www.otcmarkets.com/stock/SHMN/news/Sohm-Inc-Announces-Shares-Buyback-Program?id=219520


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If they announced a buyback today, would it be for 154,000,000 shares?

What would their average share purchase price be?

If it's .002, that's $308,000.

Unfortunately I can't bring myself to believe anything Sohm touts...

Just take a minute and browse thru these news releases for years and years:

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

We also can't see a bunch of news releases from them because they were only dispensed thru the "old" website, and never went out on Newswires. Only people that have been around would still remember that.