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Hey Dutchie...Friday's PR was a nice one. Now the BEST on will be when he closes it!! I hope it is completed in a timely manner, as Dan has promised! 21 days would be great for us to have ANOTHER $6m in revs!!
Crossing my fingers for you and I both!! We know there is gold in them thar Summus Hills...RJ
thanks for sending the PM...very interesting company for sure. And the PRE PAID credit cards that the company owns are HUGE!!
I received two when I got married in October, and the funny thing about it...Matrix is the PARENT company!!
it is always nice to see a REAL company being bought by Summus Works!!
That pre paid credit card area...is a HUGE market, especially right now at Christmas time!!
and then as you mentioned about the TV stations...there is SOMETHING going on that we can not see. About the future LOI's I bet there are several pending ones...the KEY here is for Dan to CLOSE them!!
And then start on the BUYBACK...because that will get ALOT of attention...lets face it..IF Dan buys back up to 20b and gets us BELOW the 60b number that he has promised...that will be HUGE, that is 25% of the o/s and it is GONE after that!! I just hope that he LOWERS the a/s when he does complete the buyback...so there will be NO further dilution??
And also I ordered a subscription to N'East today!! I will let you know when I recieve my first mag!! RJ
I would hope that he finalizes this BEFORE the 21 day deadline. Dan gave us a deadline before with Lisker, and he executed it on time...and actually EARLY!
I hope this one is executed and EARLY also...that would be HUGE for Dan's accountability!!
Are you expecting this within three weeks...OR 21 business days?? Big difference for sure!!
As long as we see it by Mid-January, I will be VERY happy...I know that we have SEVERAL upcoming holidays!!
This PR was huge today...and it sounds like more great things to come...
this is only ONE...of several!!
And remember the $2.5m LOI he announced a while back??
This one is $6m and that one is $2.5m, and add that with the $2m in 2005....plus all the additional LOI's he closed during the 2006 year!!
2007 is liniing to up to be PERFECT!!
Bring on the audit...so I can get back to posting on the Real SMMW board!! I am ready, but I need to see some NUMBERS!! And I have a feeling we see them BEFORE the EOY!!
Dan knows we need something...and I think the audit and this LOI of $6m, we have a HUGE winner Gorb...thank YOU, for staying positive the WHOLE time!! RJ
Jon it is looking alot brighter around here today. Nice volume, and some interest coming back to the company. Lets see what Dan does for us.
I know that in the following quote, you mentioned a visit with Dan, I hope he does take us UNDER the 60b o/s...
"Posted by: jonblair77
In reply to: None Date:12/1/2006 2:24:43 PM
Post #of 35491
Dan has told many that after the closing of a
few select LOI's that the OS would peak around 80.
He would start the buyback and reduce it under 60.
Maybe he will allocate some profit to the
continued buyback of shares.
At last count insiders own near 60% I wonder
what the number is now?
JB77"
That would be a GREAT PR, and the insider ownership SHOULD go up at that point??
This is getting interesting for sure...RJ
nice PR today I must admit! Lets see if he can ACTUALLY close on this one by the 21 days??
I am giving him till Mid-January, and then I want to see this closed. That would give him 21 BUSINESS days, and that includes some holidays...so by then, he should have the LOI closed and in OUR books!!!
Bring on the audit....
because with the audit for 2005, and 2006 guidance...and NOW this HUGE LOI announced...lets see how much in revenues we can obtain in 2007...
I must admit, I am VERY excited about this upcoming year, knowing that Dan is about out of a/s to dump on us!!
I hope that he actually starts the buyback...that would be HUGE!! Lets see what the next PR is?? RJ
He wanted the Guitar to play the Shareholder Blues!! LOL!! I hope that you are winning some cash at cards, I did alright last night playing Hold 'em with some buddies!!
Have a great weekend and keep these pumpers in check...RJ
I believe there was also a bet running with Dan and an investor about the PPS. Some figure Dan hired Subway in an attempt to get the PPS up high enough to win the bet.
Someone else may know more about it.
the Subway was the STUPIDEST thing Dan has even done!!
they were given 500m shares of PRRM...
do Promote the stock!!
The problem was they AND Dan were DUMPING it the entire time during the promotion!!
More and more dilution!!
It has been the case the ENTIRE time with PRRM and SMMW!! RJ
Since this is the time of year to be THANKFUL for everything. I want to say thanks to Dan for giving us FREE L2 quotes on this great investment. We have seen this L2 do NOTHING, but get worse. Atleast we do NOT have to pay to watch the MM continue to jump on the ASK. Every day it gets better to be in Summus...LOL, and YES, I am laughing at my OWN investment...this is PATHETIC!!!! RJ
You missed a few......but whats there more than paints the picture of Dan.
BTW..........I thought some people had posted that they bought past issues of N'East at B + N.
I received the same email as you sent earlier. I am anxious to check out the DVD when we get them. I hope that it will encourage some volume. Why do you think Dan puts out dates of promise! But NEVER makes the actual promise date?
I would think by now he would STOP giving dates. Also when do you expect Dan to add more mgmt to the Summus Team, so he can actually start working on the 10++ promises, instead of traveling everyday...and NEVER doing anything that he has said.
Dan is always working on SOMETHING else. I just wish he would actually finish ONE THING, that he starts, instead of starting another 10 projects to finish NONE!!
Here are the examples...
what happend to the following deals??
-audit IMO, he is HIDING something from us investors, this does NOT take this amount of time!!
-SkierShop, is he asking too much? He is the Sole-Owner, OR are the lawsuits coming in too fast??
-Larger Company...I guess he WASTED too much of the o/s that this may NEVER happend!! Heck he ONLY has 3b more shares to DUMP on us!!
-N'East deal with stocking BNB stores?
-$2.5m company
-Subaru Deal
-Jeep Deal
-Gas Pump Advertising
-Time Warner in the Northeast?
-Summus Centers?
-Real Estate Network?
-and I am SURE I have left off ALOT of BROKEN promises from Dan and Company!! RJ
Hey Expo...I hope things are great your way. I know we are all waiting on this stock to come to life. And that is taking a LONG time. It is very frustrating. But I guess ALOT of these little pinkies do that. POS or not, every one of these stocks run. It is just a matter of holding and crossing your fingers when buying into these kind of speculation stocks. Investing in Pinkies is ALWAYS investing in POS stocks. If they were REAL, they would NOT be on this market. And Dan even said he would get to a higher exchange when the PW was completed...well the PW is obviously NOT completed yet. And the audit is NOT completed...I have NO idea what he is hiding...BUT I know there is something holding up the audit that Dan does NOT want us shareholders to see. Probably something to do with that POS ASStrom!! Time will tell IF we see the audit, which IMO, will NEVER happend...just like the DVD and the other promises!! Dan is a typical Pinkie CEO, tell the investors what they want, and SCREW them in the meantime!! RJ
so you are thinking OR dreaming...that we get another divy?? one that NO ONE can buy on the open market??
That would be GREAT...I hope it comes about??
What are your comments...via PM or on the board??
Do you think we see ANOTHER divy here soon?? Because that would explain WHY Dan wanted Jack to be with the company...RJ
we will see glty
great info and thanks!! As Dan said a LONG time ago, he needs EVERYONE facing the same direction. With what you said, it is getting closer and closer! Very nice for sure. I am going to add more early next week!! RJ
My question was not about the percentage.............
It's about the ownership of type of stock...ie...prefered, restricted or common.
RJ,
I have had many investments like this in the past. You are right on about not knowing the timing. No need to dwell on this as it just ain't doing anything now. Best to just shelve it and go make some money elsewhere for a awhile. And like a fine bottle of wine SMMW will have it day....
-- Take Care --
Hey MountainMan...you still invested here? I hope that all is going great for you. I know that you have been quiet here lately. But until Dan starts talking, I guess we will all just sit back and wait for PayDay!! I am still very confident that we will have a NICE ROI here. Just not sure of the timing anymore. Ole well, I am thankful that MOST of my shares are in the 15% bracket now, and the longer this takes the LESS taxes I will have to pay. At this point of the game, we MUST look at the positives in this great little investment...RJ
watching the volume is funny!!
lots of DUPLICATE orders...
that tells me the MM do NOT have an inventory!!
IF we were to see a PR that caused folks to PULL their SELL orders...and force some buying pressure, I have a feeling that we would see the TEN MM on the ASK go back down to about 2-4, in a matter of no time!!
It will be interesting for sure, when the volume does pick up this next time!!
And we KNOW it will...just a matter of when??
I hope your day is going great Gorb...RJ
Morning K9...I meant to say insider ownership was 60%, not just Dan's ownership!! Here is the quote and link!! My mistake...RJ
"What is the current Insider Ownership, back a few months ago it was 56% per an interview?
Insider ownership is approximately 60%."
here is the link!!
http://www.smallcapvoice.com/smmw/q-a-3.html
man rj they track down anywhere smmw is being talked about to bash love them shorts
" That is why Dan's PERSONAL ownership has gone up from 50% to ABOUT 60% of the o/s. "
Do you have a link that shows that or are you just parroting a dreamer?
I think it will come from the PERSONAL ASSETS used as collateral. That PR was issued about a month or so ago. I have a feeling that will be the MAIN driving factor of the larger company. And remember the UP TO $5m credit line that was PRed about 6-9 months ago. Dan has money, and ALOT of friends with DEEP pockets. We know per the IR guy, that Dan and his investment group have been buying stock on the open market. That is why Dan's PERSONAL ownership has gone up from 50% to ABOUT 60% of the o/s. I think Dan is playing possum right now for a reason. Remember NO IDIOT could keep a .0001 stock in the basement this long. Dan has SOME kind of plan!! I am just waiting to see what it is. We know he COULD have ran this stock a LONG time ago. But he chose not too? Why? I am not sure, but I bet WHEN he decides to run it, you and I will be VERY happy that we held. Heck the LONGER this takes, the less taxes we will have to pay. I know about 80% of my shares in the 15% bracket, so I will be VERY pleased when our day arrives here for this stock. And I will continue to add until that day. Because NO R/S per SEVERAL PRs, and only one way to go and that is UP from .0001. Holding and waiting. Dan is NOT showing us all of his cards NOR the MM for some reason. I bet he will screw the MM in the end, and the SHORT's, IF one still exist when he runs this stock? Never a bored moment, that is for sure...RJ
Please elaborate on where Dan is going to get the money for a larger company.
So far it appears Dan cannot afford the postage to send out DVDs to shareholders as promised back in May.
Your answer is right in front of you.
Yes I agree, KLIP is more than just a coincidence. But is Dan still looking for that Larger Company? And the last PR that Dan was talking about aquiring anything was the $2.5m company...where and what is that company??
What happend to our sattlite broadcasting? I know Dan has a TON going on.
Heck rememeber the gas pump advertising, I wonder how that is going on? And the Subaru and Jeep Deal??
And the status of our first Summus Center, no updates on that one either. I know Dan said it would be opened BEFORE the first snow in Colorado, OR after the END of the snow season, so I guess we are looking at April or May now.
And the buyback, I wonder WHEN that is planned to start?
All the stations in the NE are shut down, so we are not making money there...
I hope that our stations in CO and MT are doing well? I guess Nate would know, he does atleast answer his emails, he is the ONLY mgmt that does that.
And Dan's cell phone is full so I am certain he is still on vacation and NOT taking calls.
The N'East Mag is NOT in the stores that were promised??
As always ALOT of questions and NO answers!! RJ
it sounds like you are onto something!!
are you DREAMING??
I hope so!!
Because I am ready for this stock to EXPLODE...and IF this is happening about the meetings and all...well we are IN the money!!
What are your thoughts on KLIP...is it a target??
And another question...WHERE do we get the money to acquire it?? Or is this part of the PRIVATE FUNDING??
It will be interesting to see...also BEFORE the buyback will occur some folks have said Stu said we MUST dilute out the remaining 3b of the a/s...and THEN a buyback will start??
Comments?? TIA...RJ
Next week...next month...Next year!!
Dan has a way of putting off EVERYTHING it appears!!
Ole well, when the MM are ready, MAYBE Dan will be out of shares to dump on us!!
And they will let it run??
The only scary thing about this stock is the 19b additional shares that Dan has...will he continue to DUMP the restricted on us...IF the MM are about to UPtick the stock??
Ole well, so we wait another day...month...YEAR???
Bring on 2007 and the profit I hope!!
We are about to enter Tax SELLING season...I guess Dan knows as you mentioned this is NOT the time to try and run a stock...heck what does Dan know about timing??
His timing has SUCKED for over two years!! RJ
what is your take on the volume for that other company?? Very interesting for sure??
When do you think the DTC will get the divy all fixed up??
Another thing...when do you expect to get your DVD, I know some folks think it is coming THIS WEEK??
But after a LONG holiday as last week was, I bet we are still a couple of weeks out recieving it??
Any more updates you can give are appreciated...RJ
So do you REALLY think this is the target? I know as you mentioned that Dan was after a LARGER company during our quiet time last year??
You can respond via Public or PM...what are your REAL thoughts here?? TIA...Rj
After $8M loss, Acworth gets rid of CableNet
Friday, November 18, 2005 3:08 AM EST, Marietta Daily Journal
By Katie Fallon,Staff Writer
ACWORTH - After a loss of roughly $8 million, Acworth has accepted a bid to sell the much-maligned cable system Acworth CableNet.
While a significant financial loss was inevitable no matter which contract Acworth decided to accept, the city's mayor and board of aldermen voted Thursday evening to accept the contract from KLiP Interactive.
With all but Post 2 Alderman Doug Allen voting in favor of Post 3 Alderman Bob Weatherford's motion to accept KLiP's proposal, a contract worth $4,952,000 was chosen to offload the municipally owned and operated cable system that originally cost the city about $13 million.
A relatively unknown company in comparison to Comcast, the rival for CableNet, KLiP is headquartered in Madison and provides interactive communications and entertainment services to both residential and business customers in Georgia, Florida, South Carolina, Wyoming and Montana.
"We wanted to sell the system to an operator who was focused on the smaller markets and would make customer service and state of the art technology a number one priority," said Acworth City Manager Brian Bulthuis. "We know that KLiP is working hard to upgrade smaller, underserved markets and we felt that our future plans for the Acworth system were in line with their overall strategy.
As Bulthuis reported at Thursday's meeting, the terms of KLiP's offer include $2,000 to be paid per customer to the city as of Thursday. At the time of the meeting, CableNet had 2,476 customers. With the stipulation that the purchase agreement was signed Thursday night, the contract stated a non-refundable deposit of $240,000 would be paid to the City of Acworth. With $10,000 already received, Bulthuis said the total of the non-refundable deposit was $250,000.
The contract then stipulates a closing date of Dec. 1, at which time KLiP will pay $1 million to the city. Beginning on March 1, 2006, KLiP will then begin making monthly payments of $35,000 until the purchase price is met with $420,000 being paid per calendar year.
A drawback of Comcast's contract, which was worth $4,600,000, reported at the meeting was that Comcast could reduce the value of the contract if CableNet lost subscribers after Nov. 1 that did not choose Comcast as their new provider.
Mayor Tommy Allegood said although the sale itself may not have been the biggest concern of Acworth residents, but rather the negative effects the cost of the system had on the community. He said residents had concerns about how the city would tax them after an millage increase from 7.37 mils to 7.87 mills was approved in July as the 2006 millage rate.
Allegood said, however, he was please with the board's vote.
"This is really our greatest hour because we have come up with a terrific solution," he said. "We had two really good choices tonight and we think we have a win-win situation with the decision we have made tonight so it is going to be a great thing for our
My guess is nothing....
JB77
I know this waiting games SUCKS. I just wish Dan would come out and tell us something that we NEED to hear. Like an update on the audit that was SUPPOSED to be done after TWO weeks and that was back in June!! Now it is ALMOST December. Just like the SkierShop was SUPPOSED to be done SOON, and that was March 2005. I am seeing a track record that is NOT very impressive. As far as the buyback, that was announced when we had 68b o/s...and NOW we have OVER 77b. I think Dan must has got DILUTION and BUYBACK confused??
Also why is the N'East Mag still NOT avail in the Northeast Stores, that Dan promised it too be at...oh wait, lets blame Jim on that too!! RJ
Hey Jon...I hope that you are NOT suprised by Dan NOT giving us anything today or yesterday...or even last week. He has a track record that is for sure. And so-far I am NOT impressed with the missed deadlines that he is now famous for. No emails returned and No follow-up on ANY PRs!! This picture is NOT pretty right now...and ONLY 3b more shares to DUMP on us, and then the a/s is maxed out??
What will Dan do next?? RJ
Morning Expo...I hope that your weekend was great. I know I enjoyed my LONG weekend. Nothing new around here, I am just checking in after the PR that said NOTHING came out today. Another pump and dump group looking at SMMW. They will find out like the Subway, nothing worth talking about UNTIL Dan and Company decide to give the investors some REAL news. The BS on the short and the idea that a audit may actually come out have come and went. I am waiting for the NEXT pump to dump the remaining 3b shares? It should be interesting for sure...RJ
Is this POS PRRM/SMMW still trading ? I wonder how much longer till the SEC shuts this 80 BILLION share POS down ? Time will tell I guess LOL.
quiet day on the boards for sure!! And the volume was OVER 20m today! I will take that for a short trading day!!
Everyone is waiting to see IF Dan will give us what we ALL want or not!
Time will tell...RJ
I am with you Gorb...it is all about the 2006 NUMBERS...and the guidance for 2007!!
Because we KNOW 2005 did NOTHING but start things out in the right direction!!
Dan has some HUGE plans...but can he execute them??
We should see ALOT of potential with the 2006 and 2007 numbers that should be coming out here soon!! RJ
HAPPY THANKSGIVING...I hope that all is going great for you today. It sounds like we may hear something by the END of the year from Dan and company. But the REAL fireworks will happen when he FINALLY starts the promised Buyback...the o/s is HUGE, and something has to be done with it!!
an audit will do NOTHING...but help his HORRIBLE trust factor, the fact is NO ONE trust Dan anymore!!
Way too many promises about this and that!!
it is going to take a LONG time and ALOT more than an audit that WILL show a loss from 2005...RJ
It looks like you are going to see a rematch for the National title...and my SEC boys are going to be left at home. I want to invite Michigan to play another SEC school OTHER than Vandy!! And then we will see...
we all know that the SEC is the KING of the bowls....and national titles!!
No one comes close to the BEST conference known to MAN!!
As far as SMMW...some day it will take off...July was a NICE missed opp for dan and company...BUT there will be another day...I wish you the very best in your additional investments...you are going to do GREAT!! RJ
RJ, Summus missed their chance to run short term but it will happen someday.
I already got my Christmas wish when the Bucks beat Michigan.
Lets just hope the Buyback actually happens. I know how many I have bought. And I know what the volume has been. It is NOT Dan and Company buying back shares IMO. I have no idea what they are doing here with this stock. But it does not appear they have the shareholders interest at the top of the list. That is for sure. I hope something changes in 2007. And I have a feeling that WHEN/IF we get the audit for 2005. It will NOT impress many folks. Dan has said we did $2m in revenue for 2005, and I bet we LOST money. The key is the Guidance for 2006 and then looking forward to 2007. But the question is, WILL Dan issue the press in a timely manner. Because this L2 picture is UGLY...and it will get ALOT worse here in the weeks through December. This stock is beat up, and will continue to see selling pressure UNTIL Dan and Company get their act together, and do something FOR the shareholders, instead of AGAINST. Dan to-date has done NOTHING for the shareholders. Sure the company may be growing, BUT Dan never lets us know that IN A PR. That is the key. Show us the progress, instead of signing another LOI, that will NEVER be completed. Or give a date on a audit that has NOT been completed. And the start of the buyback back when we were 68b o/s, NOW we are 77b and growing!! Dan needs to learn alot when dealing with investors. Because right now, he recieves another "F" as far as investor relations. The same grade he recieved in 2004 and 2005. Lets cross our fingers 2007 is something different. Because if not, the MM that we have on the ASK, will continue to grow. And ONLY one person to blame, Dan the Man?? RJ
i dont think there has been intrest in the stock in a while i think its been the buy back we have seen almost all before
I hope so, but I am DONE expecting anything. Lets face it, Dan has NOT executed like we would have hoped he would have. I am certain he has ALOT of plans for us. But he has to learn to EXECUTE them. I hope he is learning this valuable lesson and will carry it over into 2007?? Time will tell...because right now...pumpers have NO ammo with SMMW. And the bashers just have Dan's BROKEN promises about this and that. I know I am still long and strong!! BUT, Dan has to learn to DO what he SAYS...or do NOT say anything at all. It is that simple!!
As the volume shows there is NO interest in this stock at this point in time. I know and you know, it can change with ONE pr!! But this is the most frustrating stock, I have ever seen in my life!! RJ
well if we get the info i sent you that may cause something
This is the holiday season. I do not expect anything but some folks emptying out their portfolios with tax losses from now on through 06. This is not the time to pump a stock up. I am holding for 07, that is the year IMO!!
From now until January, if anything, we just see information PRs...nothing more IMO!!
Holding and VERY hopeful...RJ
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