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Welcome back Mario and "Thanks" for some clarification... My hypothetical scenario was that SunnComm had intended all along to distribute dividends -- why else would they continue to lead shareholders as such over the past year..? Although Peter & Bill may strech things (!!!) -- they do not outright lie. Something/somebodies=attorneys/SEC/CPA's nixed the dividend payment or Peter/Bill thought of a better (last minute) scenario given the current set of circumstances. These "circus--stances" we're not privi too.....I think they orginally intended to have "2" companies...MMXT & SCMI. One fully reporting the other a non reporting pink where research & business developments could be kept away from the competitors. Dividends were to compenstate SCMI shareholders making them new QTIG/MMXT shareholders. Once MMXT got moving with contracts -- announcements -- better market/market makers as the price of of MMXT rises -- so should SCMI. "Everybody is happy..." However SCMI has and will always trade like a hairball because of the manipulation. Thus if MMXT were the only stock to rise leaving SCMI behind -- Peter & Bill would have a mutiny on their hands. Thus by making QTIG + SCMI = MMXT on a 1:1 ratio nobody gets left out and we're all one big disfunctional family. No QTIG dividends as one company -- hopefully a higher stock price for the benefit of all. My opinion...
Your figures and statements are misleading...Peter Jacobs and "etc" do not own 90% of QTIG. According to the SEC filing SunnComm -- with PJ as President -- owns a majority interest. Next is Project1000 which is a subsidiary of SunnComm...Time--paperwork--resources--money plus current share price under .10 cents make it pointless to get SCMI off the pink sheets. Until SCMI gets off the pinks (by merging with MMXT) shareholders won't know the true value of their investment in a manulipated market...Dividend or no dividend -- a higher share price over the next couple months will solve many problems. It's always easier to react -- criticize -- point fingers -- spread rumors -- jump on the cross -- then to make a commitment and follow through. We only have to wait till the end of the month for answers -- not the end of the world. This is a PENNY stock and other than misleading statements -- what do you control = BUY -- Sell -- Hold (tongue).
Speculation -- Fear -- Doubt -- Anger -- SCMI is a pink sheet penny stock non-reporting company : You get what you pay for. If you want a guarantee = Buy a toaster....SunnComm Mgt will address shareholder concerns in a couple weeks. As mentioned previously -- I quit talking with the company 6 months ago because of continued missed deadlines--no follow through and the next big secret "thing" they're working on...Which of course, I was always the last to know... :) Focus on what we have control over -- it ain't dividends. Or simply sell all your shares and forget you were ever owned this company....Let's see what shakes out at month's end....
In the Letter of Intent regarding today's announcement the merger agreement should take place around May 31st on a 1:1 ratio with the following restriction=..."SunnComm refrains from distributing any of its assets to its shareholders until the merger is completed." This adresses any dividend payment before the merger. As somebody mentioned this is a pink sheet stock and you get what you pay for = not hope for...Management -- if after the merger decides it's not in MediaMax's best interest to distribute assets -- they won't. Unless they are somehow legally binded to distribute a dividend -- but I don't think intention is obligation. Being a small company adjustemtns were neccessary. However this question will be answered soon enough at the forthcoming shareholders meeting. As a shareholder of a large block of SCMI = Yes, would like a dividend. But much prefer getting through any inhouse fighting -- with one company to support -- with a common goal of a higher stock price....The real question is how this 1:1 stock swap is going to take place -- addressing the shorts..? If it's just one big electronic DTC transfer than MediaMax inherits the shorts of SunnComm....This could be a hairball in the making for MediaMax and is my current concern as I don't have any control over dividends....
dadgummit -- If MedaiMax deposits one certificate to the DTC for exchange of shares...Then the shorts won't be forced to cover. This was the problem with SUNX and then STEH...The naked shorts will now be short MedaiMax and will continue to bash/hamper positive develpoments. I hope the next announcement has something to do with addressing this problem. Although MediaMax will be a fully reporting & current company -- My magic 8 ball says an uphill battle against the shorts. Reg SHO and the SEC for the moment are overwhelmed without much teeth & resources. Apparently on April 10th "Dateline" is airing a show called = "StockGate" which blows the whistle on naked shorts & their supporters. Offshore hedge funds -- terrorist groups -- foreign brokerage houses -- it's all there. This naked short issue is about to hit the fan...especially since the Bush Administration wants to overhaul social security with private accounts. The politicians will line up to put their name on new naked short legislation. Help is on the way -- Maybe next week... :)
Neilbolton -- Don't know as fact but think a lot of the CD product went cheap to the music industry past couple of quarters for acceptance/feedback & approval by the record industry--consumer--and to test the legal system. If the tech works and is accepted in the US -- it's good to go worldwide. The United States is the toughest legal & consumer market. MVSN does not have an album release as of yet in the United States...SunnComm is now on the fast track having surpassed all hurdles & expectations...
Exciting new controversy.....On Sunday, April 2nd the clocks will spring forward 1 hour per daylight savings time. However, as I recall Arizona is the only state that doesn't adhere to daylight savings. Therefore: What/Whose time our we on--theirs -- yours -- ours -- mine...? It's all a big communist conspiracy to cheat us uneducated SCMI shareholders out of our voting merger rights...We'll be left holding nothing but worthless SCMI shares. We're victums in the making....! I'm going to sue somebody -- I swear....!!!!
Before we all start getting upset--speculating--threating lawsuits--calling names--pointing fingers that some know/most don't-- etc...Regarding dividend payments or 1:1 stock swap ratio's remember that SunnComm & Project1000 own a huge % of QuietTiger. In the SEC Filing per QTIG shareholders-- that majority group and their stock are in friendly hands. They'll vote (if voting is neccessary) in the best interest of SCMI as it's in their best interest per QTIG.. There's no hostility or competition between QTIG & SCMI. The only hostile fire comes from speculating SCMI shareholders thinking their going to get screwed... Nobody is going to get screwed here except maybe the low life MM's. Peter & Bill (speculation) have more of a vested interest in taking care of SCMI shareholders cause there's more of them --and they have supported the company throughout. Plus my guess is there are some "heavies" in SCMI that stepped-up for Peter/Bill long before QTIG was around....BUT-- No matter the outcome there will be those who nail themselves to the cross claiming victum = Human nature. SCMI stock is being manipulated as a pinkie -- and will continue to trade like a pink hairball until details are announced. Don't expect it to keep up/down with QTIG. Just a few more days (maybe next week...!!!) until this unfolds. My opinion as a humble man says to own SCMI when all is said and done. If Peter/Bill & attorneys figure out a way to "get shorty" in this merge = SCMI stock price could do very well. If not we as shareholders get a 1:1 (or close too..) for a higher priced MediaMax stock--no hype/no losers. For now = Patience.....
Remember "escapado" post # 19432 on 3-14-05...? About Merrill Lynch filing to become a MM... Then my post # 19462...It's actually more like 90+% of Wall Street can't/won't get involved with pink sheet companies = because of their non-reporting status. Merrill Lynch isn't filing to become a MM on SCMI..!!! Does somebody have a link/list of MM's for both SCMI and QTIG...? My Opinion: If Merrill Lynch is filing to become a MM on MediaMax -- other quality MM investment firms may follow. This might include the MM's that currently trade MVSN as they are aware of SCMI/QTIG but haven't been able to get involved....SCMI is a non-reporting pink and QTIG wasn't current with their reporting status. MediaMax as a current & fully reporting company will be held to a higher standard and supported by a better quality group of Market Makers... No "hairballs" on this kitty. MediaMax will represent a new company when all business/paperwork/filings etc are in place. It's like the opening of a McDonald's in a particular location --watch the neighborhood take off. If the merger between QTIG=(MediaMax)and SCMI isn't taking place for a few months--QTIG is the only viable buy option for those looking ahead--wanting to get involved--but yet won't touch a pink...I'm not hyping QTIG as both a SCMI & QTIG shareholder. However as this story unfolds---Peter/Bill and company aren't going to screw the SCMI shareholders that have spported them over the years. I'm not worried about the merger ratio and will be glad when we're all on the same page--headed in one direction. This positive QTIG move will eventually benefit both SCMI/QTIG shareholders.... What's interesting to watch over the next few months will be who files as a MM in MediaMax. This tells a direction as quality attracts quality and is "The rest of the story...."
Cgibellino -- I agree with your post. SCMI/QTIG is not necessarily in a hurry to rush business through the pipeline. They have reached a turning point and any current speculation should go hand-in-hand with optmistic investing patience. SCMI/QTIG has crossed some major hurdles for an underfunded pink sheet start-up and there's no turning back. Peter/Bill & company should be given a "purple heart" for all the shots they have taken.... Including from me as I quit talking with the company end of Sept 04 -- too many missed deadlines/hear say crap....One huge acquisition that is now not being overlooked is the Darknoise technology. I didn't want to be accused of hypeing SCMI/QTIG so didn't post anything last week. However a golf buddy who is with senior tech management at Qualcomm looked over DNoise information I e-mailed him and his reply was: If they get this technology to work -- "It's all over." He does not own SCMI/QTIG only real stocks above a $1.00. I'd rather have his position/options in Qualcomm than my position in SCMI/QTIG.... Merger end of Summer...? Is there an over/under on this...? :) Again I'll state that SCMI as a pinkie with their current bottom feeding MM's aren't going to be getting any breaks. The stock trades like a coughed-up hairball....Wish I had a few more $$$ to pick-up shares as now is the time to commit...End of Story.
Just poking fun with a little to much time on my hands this morning. For the record I'm a fan of Peter/Bill as they have done an incrediable job bringing this company to where it is with little/no resources. However a few things need adjusting regarding public relations--and it starts from the top down. Am long for a long 4 plus years now....2005 is make or break and do think that it will happen = But not before we completely get off pinks.....
What we need is a little fun here...Since it's my idea I'll ask for a volunteer(s). We should have a SCMI -- QTIG -- MediaMax pool (surviving symbol) for the closing price on Friday, September 30th 2005....= End of Third quarter.... Just think of all the arguements--stock charts--rumors--questions--etc. this could generate for personal time consumption resulting in pure speculation....!!! Speaking of which: What happened to all the rumors??? GE -- Mr. Stern -- Apple -- Universal -- Sony/BMG -- EMI -- Financing -- Institutional partner -- Merger details -- Buy out -- Dividend's -- Shareholders lawsuits -- Millions of short shares -- etc -- etc... This is all now pretty boring. Don't tell anyone but I heard from a reliable 7th party that: At the upcoming sharholder's meeting Howard Stern will be broadcasting it "live" on his radio show. GE will assist by supplying the necessary watts allowing Stern's broadcast to be heard in 47 different Countrys worldwide. France doesn't count... Elvis will upstage Peter Jacobs by making an apperance wearing his "I Love SunnComm" T-shirt while listening to an IPod. Thus continueing to flame rumors about the two companies. The Institutional Partner will actually be Knight Securities announcing their remorse and promising to buy back millions of shorted SCMI shares thus forcing stock price to jump to $2.00/share the following day. Mario will be wearing plastic bags and rain gear to thart any attempted hit by way of stray eggs or water ballons..Sony/BMG--Universal--EMI top executives will be at the door giving out free hugs as thanks to shareholders for their unwavering support. And finally Bill Whitmore with pom-poms in hand will ralley the shareholders with a firery "This is once again our year" speech while the band U2 sings live their latest hit = "U2 will be rich...."
Yes, Very frustrating for all shareholders long or longer term. Sahd3g = This response is not directed at you per the fact can't figure a general comment. My thoughts (not to enter debate) if there was going to be a dividend payment--shareholders would have heard by now = NO DIVIDEND . The stock price doesn't frustrate--it's not having/knowing direction from Mgt. What amazes me is that SCMI/QTIG has done such a great job with little to no resources getting the business plan/tech to this point but yet the marketing aspect falls short of "pathetic." Our current expectations and frustrations are not self-inflicted. We believe and expect because this is where we have been led by Mgt. Unfortuantely time and again Mgt either changes the focus i.e.= GE-IPod-Universal-EMI-BMG-QTIG-Merger-Line O'Credit = "Ad to list here...." or simply drops current hot vague topics. Exciting news next week -- we should know in a month...Universal was mentioned for a couple of year's before we got that splendid marketing piece annouincing that major maybe contract...Does anybody remember Bill Whitmore's speech at last year's shareholders meeting...? "We're all going to be rich...!" For the record I'm a huge fan of Peter and Bill, I just don't agree with how they handle public relations. All will be forgotten if in the end SCMI/QTIG does make us better off $$$. We should know before end of 2005. Remember that SEC filings -- approvals --audits --lawyers, etc take forever... Even though a merger may be approved shortly between SCMI & QTIG = I speculate that it won't take place and trade as one company until year's end. QTIG will change its name to MediaMax and then soon start trading on it's own = with real MM's...SunnComm will merge later this year after all details are in place/approved. Hence the difference in price...? Again = Speculation as I haven't spoken with SCMI/QTIG in 6 months. Guarntee though, will have a few public questions at the sharholders meeting. Play tough in the playground sandbox or you won't be King of the Castle....
Notice "escapado" post # 19432: Merril Lynch filing to become a MM...
This is hopefully a positive sign of things to come....Once QTIG/SCMI completes certain filings/registrations/paperwork and the name/symbol changes to MediaMax -- the possibility exists that a whole new crew of quality Market Makers may come on board. Currently it is my belief that SCMI/QTIG is being manipulated by bottom feeders that don't have an interest in a higher share price. There is no reason why the same group of market makers that trade Macrovision (MVSN) over $20 a share wouldn't want to participate in SCMI/QTIG = MediaMax....I'm not hyping the stock that it will skyrocket to/near $20 --- but the financial industry is aware of SunnComm/QuietTiger and if/when they do come get involved there is no substantial arguement why MediaMax's overall financial picture wouldn't improve. Probably 80% (?) of Wall Street can't/won't touch SCMI/QTIG because of it's Pink Sheet affiliation. Until SCMI/QTIG rises to a higher financial trading status -- they will continue to trade in that subterranean pink sheet world. Quality Financial firms won't lower themselves to SCMI/QTIG position---therefore MediaMax will rise to their support standards. Many obstructions facing QTIG/SCMI will soon be removed via "MediaMax"....Think of it this way: The current business/stock pace is that of Spenny1's 1974 green--vinyl roof Ford Pinto in rush hour traffic--Vs MediaMax which equates to sahd3g 05 Porsche on the German autobahn....Patience: One simple man's opinion.
Wanted to point out this recent "Peter" post...3/13/05
Peter Jacobs # 19425
Thanks for your thoughts. My wife, Kris, and I are biking 100 kilometers next Saturday in the Tour de Cure Bike Run dedicated to finding cures for diabetes. Please feel free to check out my personal page. Any and all donations are tax deductible and are very, very welcome. Here's the link:
http://main.diabetes.org/site/TR?pg=personal&fr_id=2339&px=2162307
My very best to all who have taken the time to drop me a note this week. My family's postive thoughts and prayers go out to each and every one of you.
Sincerely,
Peter
My opinion: It would be great if SCMI/QTIG shareholders were to rally behind Peter and support him in this charitable event. Donating a few $$$ towards diabetes research is a small jesture of "Thanks" for all that Peter has done & will continue to do for shareholders -- despite the criticism/odds...What goes around -- eventually comes back.
Peter...Is there a charitable organization that your mom worked with/donated to---- as I would like to make a donation in her name..? We're all sorry to learn of your loss...
Waxie Jr. = Don't beat-up on Spenny1 to bad -- as that's his fist time meeting/speaking with Peter during the open house. Peter gave him a "timeline" answer to his question regarding merger details...Com'on--Timeline with Peter/Bill should be more like an under/over bet in Vegas...I'd take the "over." Great to see SharonB back -- I'm a new poster but a 4+ year investor. Thanks as always SharonB for the informative link as I signed the Naked Short Petition at both www.investigatethesec.com and info@faulkingtruth.com. Per the faulkingtruth website -- uper right hand side under Random Bushism will be the petition link. Although under "Bushism" this link has nothing to do pro/con with regards to President Bush...Investors should take a serious look at signing these petitions...My personal opinion....
Nothing "substantial" will happen to sp of either QTIG/SCMI until SunnComm gets off the pink sheets....Or at least until shareholders are informed of merger/stock details. We have been banging our heads against the same market makers for how many years now...? Do I believe/think/assume/hope/pray/guess that this same group of pirates are finally going to lift the lid & give shareholders a break..? "Maybe Next Week"....? Give me a break. We will be held hostage as long as SCMI continues to trade on the Pinks. For now I'm not "Uncle tick" watching this stock trade and getting excited/drpressed every 1/10th of 1 cent. Any announcement other than merger and/or stock swap is a waste. We are trading against a loaded deck...Set business up in proper order = First merger details -- then business/technology developments. This will have the greatest positive affect on share price. I don't care if we close today @ 7 or 9 cents. If SCMI/QTIG=MediaMax is anywhere near 10 cents 6 months from now, I have made the wrong investment decision. Patience & Perseverance.