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Who expects news today?
JB77
We need at least 500Million in volume for this to do anything.
We will sit at O x ? until we get some solid news to get some buying to happen.
As we all know Dan has not been good at follow through.
We also have Thanksgiving holiday right around the corner and the market is tough on pinks between Turkey day and new years day.
We are waiting... My guess is now next year before we see any movement.
On the Audit....
Close of LOI's...
Summus Centers....
1.148Million Buy back
Reduction of shares to under 60B
20% buyback decision.
etc,etc,etc....
JB77
Well another Monday with out the audit complete.
Dan continues to over promise and under deliver.
He needs to realize as a small business owner
everything takes longer than expected.
Does any one have a address of the current corporate
offices of Summus?
JB77
Dan also has been promising the Audit for over a year now.
How long does it take to complete a audit? If your financial house is in order and audit should take no longer than six weeks.
He has been promising the 2005 audit since June. By the time it's done at the end of the year (his newest promise). He will need to work on the 2006 Audit. He needs to be current to go to the OTCBB.
JB77
Does anybody remember the first time information that PRRM/SMMW was going to acquire the skiershop? I thought it was like in 2004.
Does it really take over two years to close a deal? I wonder why Dan can not seem to get a simple deal done. I also wonder if that deal took so long if the other LOI's are going to take years also.
JB77
I would like Dan and Summus to provide information on the following:
1. Audit completion Date (per PR, and Audio Interviews)
2. Buyback of 1.148Million dollars of Stock (per PR)
3. Meeting on buyback of up to 20% of stock (per PR)
4. Physical business address for Summus Works.
5. UnPaid Taxes in state of Delaware.
6. Scott Trade not allowing buys only sells.
Anybody have anything else to add?
JB77
Great Summary Bobky...
JB77
Ok, It's October... Let's Go.
Dan Has to finish the things he started...
Audit
Buyback (ie get the OS under 60B)
LOI's
Summus Center
Etc.....
JB77
BoBky...
I think we have all waited long enough...
Lets go!
Jb77
Where do you guys get an ask of .0002
we have 11 MM's at an ask of .0001.
Just check level II on pinksheets which
Dan of smmw has provided for free.
JB77
I agree ....
Dan get going on the BIG plan!!!
JB77
IS this Next Week?
JB77
I do not expect any news until
after labor day (ie Next Week)
JB77
I bet we don't get news until after labor day.
JB77
Regarding SkierShop....
I think he gave shares at at a set price for skier shop and the deal closes when the shares hit that price...
JB77
So who here thinks we will be without a pr
till after labor day?
JB77
Well we know that it was 56% because Dan stated
that insiders owned that much..
What it is currently is up for debate.
Could be greater or less that 56%.
JB77
We have wondered if this is the week for the last
six weeks.
Stuart did say last week that this week we would have
the Audit Summary..
The question is .... Is that the start of what
we need to move higher?
JB77
Anybody want to guess how long Nite will be
on the ask of .0001?
JB77
What news do we get today?
We are still waiting to hear on
lots of items.
JB77
Hustla
Frank dumped all the way down also..
JB77
I am with you sirant....
I think this can run higher than qbid...
But,
Dan has to better at communication!
JB77
Does anyone have a complete list of the
current stations vs the ones in the pipe (LOI'S)
Thanks,
JB77
Things I would like to hear this week from SMMW:
When will the 1.148 Million dollars allocated buyback shares?
When will the TA transfer be complete?
Will Stuart Smith of Small Cap Voice continue as our IR?
What did SMMW acquire with the additional shares (We went
from 69.9 to 72+)?
Will the board of directors decide to buyback 20% of
all shares? (72*.20=14.4 .. 72-14.4=57.6)
When will the audit be complete?
Just a few, any others?
JB77
Your right people are still willing to
purchase shares.. at .0001
Information
What we know from yesterdays Q&A is that the OS is 72B up from 69B the difference was issued for an acquisition.
The audit is delayed, but Dan has stated that the 2005 revenue is about 2 Million and he has already documented 1.8M through a PR.
The TA Transfer is ongoing but Dan is making the OS and AS available through Stuart as Small Cap Voice, I think a lot of us were concerned that the TA is gagged and we would not be getting OS information allowing Dan to Dump, this is not the case.
As for as the buysins naked short stuff, if there are failure to delivers or shares that are fraudulent in SMMW. Building a business and continuing to reduce the OS is the only viable solution.
We know yesterday that one share holder holding around 2B shares (etrade) sold yesterday. Seeing an opportunity the MM’s took it to nobid/.0001. As usual they shook out the weak and pocketed the difference. It was also a prime time for that 2Billion plus to be split in to more investors hands, which is a good thing. I would expect for us to move between no bid/.0001 .0001/.0002 until we are ready for the next leg up.
As for me, I am holding to see the long term effects of Dan’s vision.
JB77
15 Billion+ to move to a solid .0001/.0002
2 Billion to fall back to no Bid/.0001
Dan is now 2 for 2 in not getting this off
the bottom. I bet we get a pr that the
board has approved to buy back 20%....
The question is when!
JB77
Very Low Volume so far today! EOM
JB77
I want the pr that makes us move upwards from here.
We have moved from no bid/.0001 to a solid
.0001/.0002
So now it is time to move higher...
JB77
More news today?
My guess is the board met and they
approved the buyback, 20% of the
shares. They need to stop talking
about buying back and buy back the
shares....
JB77
The question is this including the
buyback of the 1,148Milion already allocated? or is
this additional?
So if we take the current numbers..
70B - (14(20%)) = 56B
or 70B - 11B(1.148M) = 59B - 12B(20%) = 47B
And as usual DO IT, don't keep saying you
are going to buyback, show proof of this
big buyback.
JB77
Info on BitterRoot Resort...
http://www.skibitterrootresort.com/
JB77
Is this week we have solid news?
We have been holding for over a week!
Do we go back to nobid/.0001 or
do we move higher..
JB77
Dan, Give us some Big News... EOM
What news are we getting today? EOM
The 49M short is the number reported of actual short
position from the new SHO regulation.
The 3.6Billion is a calculated number by netbuyins as to
the number of Naked Shorts/Counterfit shares/FTD (failure to deliver).
JB77
WOW early news this morning....
JB77
Always good to see a pr with revenue
numbers in a pink sheet stock.
JB77
Gorbec,
Do you think we are getting more news today...
Or it will wait to next week?
Are we getting the big big pr next week?
JB77
Listen to the interviews on small cap voice
Dan talks about the percentage that the insiders
own... I thought he said 56%....
JB77