Shamika 2 Gold, Inc. (OTCPK: SHMX): New Year, New
Post# of 17844
Investors around the globe have been treated to a great deal of volatility in the markets since the beginning of 2015, and many companies are starting to release huge updates on their operations (IBIO, GEVO, ECIG, MINE, FNMA, SWRF, WNTR, NTEK, FIXT, and FRZT for example). One company in particular has intrigued many microcap investors, that company is Shamika 2 Gold, Inc. (OTCPK: SHMX). The company recently cleared their previous website and provided an update saying that they’re completely revamping the company in the New Year. They’re changing their direction, strategies, and pursuing new opportunities, according to their website (http://shmxpartners.com)
The company has also changed their name with the Nevada Secretary of State. They will now be known as RKO Resources, Inc., and all of their operations going forward will be done under that name. They’ve acquired active status with the Nevada Secretary of State again and released a 10Q. With all of these developments, it seems that the company is waking back up and could begin releasing updates to investors on the company’s new direction very soon. The company is currently trading at $0.0003 per share, which is relatively low considering its outstanding share count just above one billion. It is also important to note that there is a very high percentage of insider ownership in the company, meaning that the company’s leadership has placed their bets on the company’s success going forward with their own personal assets.
At the helm of these changes will be the company CEO, Henry Riedl, CPA, CMA, who has over 30 years of experience as a senior financial manager and consultant in various industries. He has extensive experience in managing financial turnarounds for companies that have experienced financial hardship. This type of experience could prove to be very valuable for the company, as they revamp the operations of the company entirely to make a profitable and successful business.
It will be interesting to see the company’s new direction and business strategy as they release more updates to shareholders, especially considering the fact that they’re evaluating opportunities in the nutraceuticals and specialty beverage industries. The nutraceuticals market is expected to reach $204.8B by 2017, according to a report by Transparency Market Research. Investors will be updated soon, as they have announced that they will update OTC Markets by February 19th, and their new website will be launched on or before May 12th.
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