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thanks for the input steve!
i'm on the verge of buying some more. if it goes to the 6s i will.
ok, we have a sunncomm board, a quiet tiger board, and two mediamax boards. let's form a consensus on where to post!!!!!!!!!
not much on the agenda. i hope that the sunncomm proxy is more interesting.
is everybody here attending the meeting? i don't think i can make it. shouldn't we be receiving proxies very soon?
this is weird. zero volume for scmi?
alj14 where are you from?
me too. i've been here 2 1/2 years and i'm not going anywhere. going to watch this play out, for better or for worse!
mario, do you have a link for that quote please? thank you.
let's keep it civil folks, we're all in this together.
howdy, the way i read it, mario was being sarcastic toward those who consistently fault management. imo
i have received nothing in the mail.
where is everybody? we're within 2 weeks of the name change to mediamax and maybe more. let's get excited!
i don't know yet. things that were supposed to be 2 weeks back in 2003 still haven't happened yet! patience.
we should all know by now that 2 weeks does not mean 2 weeks. patience.
i just submitted a buy order for .065
Hebrews 11:1 says that "faith is the substance of things hoped for, the evidence of things not seen." never were truer words spoken.
don't forget that 2004 was to be the "year of the long"
it looks to me like that dividend is not coming. it is due within 10 days.
keep the faith.
ask sunncomm:
Q: Let me first ask if any insiders are purchasing or selling shares of SCMI. If so who,when, and the reason for buying or selling.
Also if purchases are made are these shares purchased on the open market or are they options that are given out to the management..
Who do you use for financing? A Lot of companies that I have seen have equity agreements with lenders which dilutes the stock tremendously. It is referred to Toxic Financing. One such Company that does this type of financing is Cornell, Are you affiliated in any way with them.
How do you feel the Naked Shorting by the Market Makers has affected your Company and what do you plan on doing to counteract this shorting?
Thankyou,
Wayne mercier (3/2/2005 5:48:10 PM)
A: Hello Wayne,
All good questions. First, even though SunnComm is not a reporting company yet, insiders selling stock must file in order to sell shares they received directly from the company. I´m not aware of any significant selling by insiders. There have been some debenture conversions from loans made to the company in the past few years. Without exception, these conversions were all at pre-agreed fixed rates, thus not of the "toxic" financing category.
SunnComm employees all share in the company´s option plans where most options are priced at 20 cents or higher. There are some exceptions of lower priced options for early employees, but the majority fit in the former category.
SunnComm´s position on Naked Shorting is that it is an illegal activity carried on by organized criminals who should be prosecuted and punished under Federal Rico Statutes. Naked shorting, along with its symptom, failed certificate deliveries, put more shares in the marketplace than are authorized and, by doing so, place continual downward pressure on the company´s share value.
Soon, SunnComm will begin its transition into a fully reporting, major exchange company and expects to soon be in a better position to deal with the possibility that counterfeit shares of its company are being traded. SunnComm has formulated a plan that enlists the help of some of the most knowledgeable people in the world on the subject of countering naked shorting and failed deliveries. We expect to actualize that plan as we head toward fully reporting status and a major exchange. The plan must be kept absolutely secret by its architect´s until the time is right.
With all this talk about illegal shorting, it´s important to mention at this juncture that the company´s #1 goal is, and always has been, the growth of its products and its revenue base. Naked shorting has always been a nuisance to the company, but, in the end, it will be the acceptance of our MediaMax product line and our expansion of products around the world that will make our company great.
Hope this answers a few question for you. Thanks for taking the time to ask.
Regards,
Peter
peter, all the best
still looking for news today?
i'm right here! i'm lovin' it!
you've got to love these punks who think it's their right to download music and not pay for it!
perhaps this is why this stock moved today?
thank you cgi!!
what a day!
time now for the 2nd quarterly distribution!!
what's happening today? to quote a popular ad campaign, "i'm lovin' it!"
i believe things are simply running slower than anticipated, as always seems to be the case! i am ecstatic at the progress that has occurred during the 2+ years i've been involved with steh/scmi/qtig
will someone please explain how a 1:1 works when the two companies have different amounts of issued/authorized stock? thanks
open house closes in 30 minutes. i'm looking forward to updates!
the open house winds down in about 90 minutes. i look forward to hearing from people who are attending. and please peter, don't release a pr about the open house. even I might accuse you of fluff LOL
so i assume that "open" house means that we can just wander in any time during the day friday? is anybody here going? i'm contemplating it.
OT: buy and hold is the proven winning method. period.
that sounds like the phantom talking.
thanks tbb!
where is everybody? it's happy hour!
here's the key sentence at the bottom of that pr:
"We caution the reader that such forward-looking statements are not guarantees of future performance."
i believe that mediamaxdvd will succeed. i also believe that progress will be slower than anticipated, as is the case with everything else involving this company. our patience is being rewarded and will continue to be rewarded.
thanks cgibellino. keep the heads-ups flowing. thanks again.
did they mean feb. 18, 2005 as record date?
my mistake. thank you.