SOHM, Inc. (PINK:SHMN) is climbing up at full speed these days. Yesterday, the stock added the next 14.29% and its traded volume jumped up.
The huge gain must be due to the positive releases related to the company.
During the past two weeks, SOHM has been featured by MoneyTV, which immediately pumped up its stock price. Though, it looks like SOHM is determined to climb higher.
Yesterday, SHMN reported its launch of additional dermatology products into Indian market. According to the press release, SOHM is expected to increase its overall revenues by approximately 55 to 60%, which attracted investors even more.
Nevertheless, SOHM decided to re-ensure its chart position by a well-known method. Namely, by promotions.
The stock got promoted last night for a compensation of $15,000 and the effect of the campaign will be seen shortly.[BANNER]
SOHM, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. Unlike the optimistic projections, the company’s financial report is not promising at all. On the contrary.
As of September 30, 2011 SOHM has survived only by raising funds. However, there are some risk factors that have placed the company’s future operation under a going concern.
In other words, should SOHM be unable to achieve sufficient cash flow from operations or secure adequate financing, its existence cannot be guaranteed.