After securing an impressive gain last week, yesterday, SOHM, Inc. (PINK:SHMN) went down again. Suddenly, the stock lost 
4.11% of its price, while its trading volume notably rose up.
As soon as the company realized that its positive news was not enough to hold the climb, they decided to find another way to do it. This time by promotions.
Yesterday, SHMN was promoted by NYC Marketing inc, stating that the company was projecting to increase its revenues by 200%. Most probably, these alerts came up just on time to push up SHMN stock price, though its next move is yet to be seen.
SOHM, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. The company kept silent from May until last Thursday, when it reported that it has engaged DME Securities LLC to advise the company on strategic alternatives for growth and future financing. However, despite the positive announcement, SHMN stock price fell down.[BANNER]
Unfortunately, the company’s 10-Q report doesn’t inspire much confidence. As of 31 March, this year liabilities of Sohm are higher than its assets, and its retained loss is over $2 million.
As a result of the negative cash flow and the substantial net loss, the company’s management claims that Sohm may be unable to achieve sufficient funds from operations or secure adequate future financing and be therefore unable to continue as a going concern.
Obviously, now it’s only the promotions that might support Sohm, however, these cannot turn the company into a profitable one.
