Projected revenue growth of 200% for 2011 brought about a massive surge of Sohm, Inc. (PINK:SHMN) on the market yesterday. Not only did it rally to its late-February level of $0.0346, but it also shifted more than 3.75 million shares, which is both eight times higher than average and the greatest turnover since Feb. 15.

A new promotional wave worth $15 thousand was launched yesterday to speed up the momentum gathered by the positive would-be news. The campaign occurs seven weeks after the last one took place in mid-February. Back then, it pushed SHMN stock up 38% and generated a 15-week high volume of 4.9 million. Yet, by the time the session came to a close, the campaign had exhausted its potential completely, hence the free-fall that followed afterwards.

Now, promoters are required to bring SHMN stock back to life. In addition, the company has come up with a controversial press release which will take time to prove 100% credible. While the company’s current expansion in India sounds fairly promising, it might not necessarily lead to miraculous sales and revenues. [BANNER]

Nevertheless, the company’s boundless enthusiasm might seem justified to a certain extent, especially if its 2010 financials are taken into consideration. SHMN recently revealed to have achieved a staggering 249% revenue increase for 2010 in comparison with 2009.

Sohm, Inc. claims to be specializing in the development of pharmaceutical products designed to be used in the treatment of a wide range of illnesses. Moreover, the company does all the licences required for the manufacturing of as many as 30 products. In addition, it has set its focus on the ever growing emerging markets in Africa, Latin America and Southeastern Asia.

Provided that SHMN really succeeds in making a breakthrough with its diabetes products on the Indian market, its will stand a very good chance of forming a sustainable upward trend in the long run. Until then, promoters will most probably continue to occasionally put SHMN stock on their watch lists.

Read the rest here:

Lion Energy Corporation (CVE:LEO) (PINK:LEGYF) became yet another target for profit scalpers since the company is about to be acquired by Africa Oil Corp. (CVE:AOI) (PINK:AOIFF).

$40 million offering for the corporation pushed the stock price up more than 12% on Tuesday. The current level of 35 cents per share closely represents the price offered and promises only mild fluctuations until the transaction is complete. Africa Oil currently trades near $2 per share – according to the acquisition terms, LEO should be trading at 1/5 of this price.

Lion will be bought by paying purely in stock. Currently, there’s only a binding letter of intent present, not a real deal yet, but the price has already been set. LEO shareholders will receive 0.2 shares of AOI per one common share they hold. Warrants will be exchanged for equivalent warrants of LEO at the same ratio as common stock.

Lion is already in a joint venture with Africa Oil on operations in Kenya and Somalia. Lion holds 10% to 33.3% percents on four blocks, while AOI holds 40% to 66.6%.

The definite agreement of acquisition is expected to be entered into by March 25, 2011. The companies still have to get approval from the usual sources – regulators, related parties and partners, TSX Venture Exchange and Lion shareholders.

Excerpt from:

Savanna East Africa, Inc. (PINK:NVAE) grabbed the huge gain at once. Yesterday, the stock cut off the loss by soaring over 71% and trading 6 million shares on the market. Will the climb continue is yet unknown, though the reason for the high trade is already crystal clear.

Yesterday, NVAE was promoted four times and the high trade was opened. The promotional campaign has been paid by unknown promoter and the compensation wasn’t revealed, though NVAE was presented as a “Low Floater Alert with Mega Gain Potential”, which attracted traders’ attention.

Besides promotions, Savanna East has been supporting its stock price with positive news. Last week, the company reported its $10 million 2011 revenue objective, and a few days later NVAE joined a partnership to build a wireless broadband network in Kenya. Though, the final results are only projections and optimistic expectations yet.

Savanna East Africa Inc., formerly Nova Energy, Inc., is a development-stage company focused on the recovery of oil and gas reserves through acquisition and project development in Texas and North Dakota regions. In November 2010, the company used to trade approximately four times higher than now, however, since then the stock price has moved down. Apart from this fact, the financials of Savanna look disastrous.[BANNER]

According to its 10-Q report, the company’s liabilities are almost nine times higher than its total assets and the stockholders’ deficit is over $4 million. Besides, as of September 30, 2010 NVAE’s accumulated deficit during the development stage period has exceeded $4.3 million, while the revenues are missing and the net loss is constantly increasing.

Due to these facts, Savanna has entered into a few debt agreements since the end of last year, however, it is not clear how the company will recover the borrowings. The management states the company has sustained losses in all previous reporting periods and it continues to seek funding from its shareholders and other investors to pursue its business plan. However, as NVAE has no earnings and the team will be required to make significant future expenditures, the company’s future operation is dependent on loans, which could hardly make Savanna profitable.

The rest is here: