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Skewing information is easy to do but what numbers are most important when comparing to the chart is :
What was the Float as of 3/31 and what was the price?
And what is the Float today.
In other words, any implication of dilution being the cause of these prices are not supported by any factual information.
I go by the difference of 3/31 to today 5/27
Which shows the float as exactly the same.
That's what's important. Especially when comparing to the chart.
THATS FACTUAL INFORMATION
Awesome - NO DILUTION HAS OCCURRED FOR AT LEAST 2 MONTHS!!
Have you noticed that since the TA got ungagged, how the heat got turned up in here !?
Was the float before or after 3/31?
Yes it's important because that's the only number that if changes, shows evidence/proof that ongoing dilution is occurring. IF that number remains exactly the same day to day to day .. then what that means is that absolutely no dilution or shares added to the Float (that are tradable)
But yes I do agree that the float isn't important in the fact that it's very tiny.. 3.5m is nothing.. but it's important to filter out the accusations of the recent prices being due to company dilution.
Have you found factual data supporting that dilution has occurred since 3/31
Everyone here knows that if the float remains the same then no dilution is occurring.
Is Apple diluting too?
FACT is that the float remains the exact same.. they can issue all the stock they want but if it's not hitting the float for the next year.. then why would myself or anyone worry about that now?
Not every stock is for everyone, if people don't like the 3.5m Float and the NO DILUTION since at least 3/31 then they don't have to invest.
There's plenty of hot potato musical chair stocks out there for everyone!
Thanks everyone! Moving up on the Beeakout Boards!!
"Is taking place" would imply that today, yesterday or in the last few days that shares being added to the float via dilution is taking place
That is not occurring
Yes I called SMCE TA today Cleartrust 813 235-4490 and was told the float remains exactly the same..
so the comment.. "Dilution is taking place" is incorrect.
The float is 3.5m, it's not like we are talking about a 1 billion, 2 billion or even a 500m float.. but 3.5m! and there's been no selling for almost 2 months
We know people collectively who own more than the 400k shares.. In fact, we've heard complaints from one fund in particular that I know that said the float is too small!
30k shares can be very significant as bhonda has pointed out
Everyone cares because if the float was exactly the same on 3/31 when the stock traded .97 as it is today. Then there's absolutely no way to blame or accuse the company of dilution or these share prices
I really not interested what the did at the beginning of the year considering we are almost at June.
However if they were diluting during the downward trend. Then would be completely different story
Yet the Float remains EXACTLY the same since at least 3/31
And on 3/31 we traded as high as .97.
In other words, dilution has never been an issue with the recent share prices.
Not currently at the computer but on Friday before market Interactive Brokers showed 30,000 shares available to borrow.
Without factual documentation that the company is diluting shares since 3/31 then it's not true
What was the Float as of 3/31?
Yes it is sad how this has been heavily manipulated and shorted
But thankfully (and very rare) it's not of any of the company's doing
NOT ONE SELL ALL DAY!
I can draw circles all day long but that doesn't make me an architect
Plenty of documentation and history points to this company as realistically being a buyout candidate. However yes, it's mine and many others honest opinion based on the fact that history tends to repeat itself in these situations
Doesn't get any clearer that between the TA and the 3/31 filing that the Float remains exactly the same thus meaning that no dilution whatsoever has taken place since 3/31
Is there any factual data that the company has sold any shares since 3/31?
There is multiple groups of us that own over a few hundred thousand shares collectively (if not more) that have not sold one share and have no desire to until multidollars.
We all share the same "opinion" and facts.
That is why we are invested and not going to let go of any shares.
If anyone has different opinions about the company, then they dont' have to invest. There is nothing wrong with that.
But our shares are locked up and not gong anywhere.
Agree, fact checking on our end has proved that the company hasnt diluted any shares for at least 2 months which throws out the reasoning that these prices are due to company dilution.
Fact checking with the filings, otcmarkets, the Ungagged TA has proved that the company has not been selling shares.
However, with them being super transparent. We can now call the TA daily to find out if the float is changing on a daily, weekly or monthly basis.
It's an absolute beautiful thing that we have such a transparent company that we can all feel at ease knowing if they are diluting on a daily basis.
$SMCE DD
They have told us via this year's PR's and their website that they have a NEW BUSINESS PLAN as a One Stop Shop for Artist and becoming a "DIGITAL DISTRIBUTION PIPELINE" which appears to be focusing on India and Latin America (HUGE UNTAPPED MARKETS FYI)
Below are a few links to previous DD within the past couple days discussing INgrooves, Kurt Heidolph, Fontana and the recent Ungagging of the TA (and what it means)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113978003
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113986830
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113987718
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113986054
Charts tell everyone a completely different story.
And they don't lie.
Ok back to some REAL DD! DD about what the company is actually doing and planning!
$SMCE BUYOUT PLAY? Read Why that's a REALITY :
TWEETS FROM SMCE FRIDAY MAY 22ND TOLD US THEY WERE IN MEETINGS WITH INgrooves!
https://twitter.com/SMCEUSA/status/601807766940966913
https://twitter.com/SMCEUSA/status/601829763859230720
Earlier this year via PR's, and written throughout their website as clues- SMCE is telling us:
• They are pursuing a new business plan
• Strive to be a One Stop Shop for artist
• Digital Distribution "Pipeline"
• Targeting India and Latin America which is "untapped" for digital distribution.
• Added Music Legend Russ Regan (a legend) to their advisory board.
• Acquired a Digital Film Distributer
• Added Film Mogul Mike Marangu as Advisor
NOTE: there is significant similarities between $SMCE and Fontana (which INgrooves bought out) as it appears the same business model Fontana had is what SMC is doing, also former management from Fontana is now a part of SMCE, see below
First we have the connection from the filings in place alongside a material contract with INgrooves already in place
As the issuer moves into Quarter 2 of 2015 management plans to expand its operations into ownership and control of certain digital content distribution outlets for both music and film. Management believes that as the entertainment industry trends towards more and more on-line distribution of content, the real revenue growth is in ownership of on-line content distribution “pipes.” If the future of the entertainment industry is in streaming content, I want our company to direct those streams rather than have to negotiate with companies to stream our content. The Company is currently negotiating the acquisition of a music distribution company
Prior to working with SMC, Mr. Heidolph managed business analysis and reporting for Fontana Distribution, Universal Music Group Distribution’s independent label division, from 2008-2011. During this time he automated nearly every reporting process and increased the division’s financial efficiency by 100%-150%. Additionally, he created forecasting models that could accurately predict physical and digital sales which had not been possible before.
Quote:
www.billboard.com/biz/articles/news/retail/1098611/ingrooves-to-purchase-fontana
INgrooves, the digital aggregator launched in 2002, has purchased Fontana, the indie distribution company owned by Universal Music Group, the company announced today.
The deal gives the digital distributor a full array of services to offer to indie labels and at the same time provide capital to build up Fontana's capabilities in marketing music to brick-and-mortar merchants.
INgrooves itself already has a relationship with Universal Music Group, which bought 51% of the company in 2008, sources say. That stake was reduced to about 40% when Shamrock Capital, a unit of Shamrock Holdings, bought a majority interest in INgrooves in 2010. With the latest deal, Universal's stake in the company will be reduced to about 15%-20%.
In addition, sources say Shamrock is paying UMG about $5 million to $10 million for Fontana, which has annual sales of about $90 million and earnings before interest, taxes, depreciation and amortization of about $5 million to $7 million, Billboard.biz estimates.
INgrooves Makes Updates to Its Client Console
While Fontana's EBITDA would normally value that company at about $25 million -- based on the four-times multiple that distribution assets have traded for in the past -- total valuation for the deal is difficult to estimate because even though UMG's stake in INgrooves is being reduced, it now owns a portion of a larger company.
Billboard.biz estimates INgrooves' revenue at about $45 million, which means the company will now have revenues of about $135 million, making it the fourth-largest U.S. indie distributor behind RED, Alternative Distribution Alliance, and eOne Distribution.
Backbeat: Fontana Hosts Event for NYC Labels
Moreover, UMG benefits by being affiliated with an indie distributor that plans to grow with the backing of the deep-pocketed Shamrock Capital. A bigger, complementary INgrooves/Fontana operation with a revitalized game plan could benefit by the changing indie distribution landscape, with the Warner Music Group's ADA further integrated into WEA, and with the fate of Caroline/EMI Label Services Group up in the air due to its pending absorption into UMG.
While UMG is required to unload music assets in order to help finance its acquisition of EMI's recorded-music division, which is pending regulatory approval, sources say the deal for Fontana was in the works months before the major even came up for sale.
Universal Music Group Distribution provides some shared services with Fontana, and sources say some of those services will continue, while other backroom/office functions will be assumed by INgrooves. On the flip side, INgrooves plays a role in the digital pipeline for UMG, helping it to ready and deliver music to digital service providers.
"Through this acquisition, we are now able to offer the independent music community a fully integrated physical and digital distribution marketing solution in North America," INgrooves CEO and found Robb McDaniels said in a statement.
In the announcement, the company said the deal will allow for the expansion of the Label & Artist Services group. This unit, which currently provides product management, online marketing & PR coordination, sync licensing, brand partnership marketing, sponsorships and advertising for the respective companies, will be a core focus of expansion in the coming months. The company said the value-added services will be available to INgrooves Fontana clients on a per project basis.
McDaniels also said the deal will provide the company's "client base with a larger sales force, more marketing resources and a one-stop global retail network that maximizes opportunities in this dynamic, challenging environment."
As part of the deal, Fontana president Ron Spaulding, who plays a key A&R role in bringing labels to Fontana, will stay with the company as president and run it, sources say, while Dave Zierler, recently promoted to president of INgrooves, will run that side of the company, with both reporting to McDaniels.
Why would INgrooves want to buy SMCE? Well as you can see they bought Fontana and they are executing the same business model.
INgrooves Music Group is comprised of 3 service divisions: Distribution Services, Artist Services (“INresidence”), and Rights Services. All three divisions work in alignment to provide each of our partners with a solid customized solution that meets their business needs. Like our technology, we are always developing our comprehensive menu of music distribution, marketing and rights management services so that our label and artist partners will have the tools and resources they need to succeed today and tomorrow.
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Some More DD Links
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http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113986830
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113987718
Rising on Breakout Boards!
I think we know some groups that own at least 400k shares.
If the float hasn't changed then the reason for these prices is absolutely nothing to do with the company selling shares as accused.
That's the most important variable here
Ok, I just looked at the chart and guess what.. most the loading here took place at .60+++++++++
Again, proving that there is extreme manipulation and shorting.
Very few shares actually traded between .10 -.60 before all the volume and loading (is that the front loading) at .60?
AND BTW: I KNOW PEOPLE THAT HAVE LOADED few 100K Plus in shares above .60 that have never sold 1 share.. so Not sure where the dump part comes to play..
So now the discussion is that the people that loaded .60+++ were front loaders who dumped for a loss down here?
Absolutely ZERO DILUTION HAS BEEN TAKING PLACE since AT LEAST 3/31 which is verified, documented and supported as a fact via the filings, otcmarkets and the ungagged TA
The discussion has purely been about "why are we at these prices" Many have assumed and accused that it was due to Dilution. The discussion is also about if they company has diluted or are diluting etc. THE OS or AS plays absolutely no part of the discussion because it doesn't matter unless the company or some outside note holder actually sold shares to increase the float.
However, it's factually, verifiably and (documented) Impossible to be due to Dilution because on 3/31, the stock was trading as high as .97..
So the downward move since 3/31 can not be attributed to the company because the Float has remained the exact same.
However, if we found out the float was changing daily, weekly, monthly since 3/31's float numbers that documented/verified on 3/31..then that could be an contributing variable or explanation of the downward move..
But the 10000% FACT IS ABSOLUTELY NO SELLING HAS BEEN OCCURRING BY THE COMPANY OR ANY OUTSIDE NOTE HOLDER SINCE AT LEAST.. AT LEAST 3/31
That's documented, verifiable, proof via the TA, Filings and otc markets.
CALLED TA TODAY- FLOAT REMAINS EXACTLY THE SAME
I've provided nothing but actual proof, evidence, documents, charts and ungagged TA to back up our statements.
Charts, TA's and Filings don't lie.
The damage occurred AFTER 3/31!!!!
SMCE WAS TRADING AT .91!!
SO if the company was not/has not been selling shares since AT LEAST 3/31 then the damage is not done by dilution/company selling..
It's been done by SHORTING AND MANIPULATION.
The Company becoming transparent on this matter is what proved what we all speculated for a long time.. That the company has absolutely NOTHING TO DO WITH THESE PRICES as they were accused of.
Yes, it is my honest sincere opinion that the company hasn't sold (Diluted) and shares to the float for closer to 3 months!
However, as far as documented, verified information concerning the float numbers via their 3/31 filing, OTCmarkets and the TA..
The float has remained exactly the same since at least 3/31.
The downward trend started occurring AFTER MARCH 31ST!!!!
We were trading at .91 at that time!
And the company has been accused repeatedly of diluting shares after 3/31 causing the downward drop that we are at today.