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Imo, Steve may be supporting the bid. Bid did not drop after that big block sell.
Still 3x4 after that block @ 2. Bid holding strong.
Agreed. We just need a few more on bid & ask is gonna get destroyed.
I bet he doesn't even know what a form 4 is.
Spread the word on buyback guys. I've been posting on hot boards. Soon we'll get the MOMO players coming to take it much higher.
SMAS
BUYBACK IN PROGRESS & BID BUILDING
Somatic Systems, Inc. Retires One Billion Shares
8:30a ET August 25, 2008 (Market Wire)
Somatic Systems, Inc. (PINKSHEETS: SMAS) announced today that it has completed its first round of share buybacks and retired one billion shares of its common stock. The cancellation of these shares will become effective by the end of the day, and is expected to increase shareholder value considerably.
Prior to retiring these shares, Somatic Systems had approximately 8 billion shares of common stock issued and outstanding. Cancellation of these shares brings the structure down to approximately 7 billion shares, reducing the company's common stock by over 12%.
The sizable elimination of shares comes less than 3 business days after Somatic Systems announced it would begin a massive share acquisition and cancellation program, to restructure the company's capital and grow share price without conducting a reverse split of the stock.
The company stated its intention to continue to acquire and retire additional shares. "This significant cancellation of shares is just the beginning," stated Somatic Systems CEO Steven Aronstein. "In addition to the strong efforts we are making to grow our market value by building our business through expansion and aggressive promotion and strategic contracts, we believe that removing as much as half our shares can help grow our value exponentially. We are just getting started."
Somatic Systems stated it will continue to announce the acquisition and retirement of shares as they are pending or have been completed in the coming weeks.
SMAS
BIG BUYBACK NEWS & BID BUILDING
Somatic Systems, Inc. Retires One Billion Shares
8:30a ET August 25, 2008 (Market Wire)
Somatic Systems, Inc. (PINKSHEETS: SMAS) announced today that it has completed its first round of share buybacks and retired one billion shares of its common stock. The cancellation of these shares will become effective by the end of the day, and is expected to increase shareholder value considerably.
Prior to retiring these shares, Somatic Systems had approximately 8 billion shares of common stock issued and outstanding. Cancellation of these shares brings the structure down to approximately 7 billion shares, reducing the company's common stock by over 12%.
The sizable elimination of shares comes less than 3 business days after Somatic Systems announced it would begin a massive share acquisition and cancellation program, to restructure the company's capital and grow share price without conducting a reverse split of the stock.
The company stated its intention to continue to acquire and retire additional shares. "This significant cancellation of shares is just the beginning," stated Somatic Systems CEO Steven Aronstein. "In addition to the strong efforts we are making to grow our market value by building our business through expansion and aggressive promotion and strategic contracts, we believe that removing as much as half our shares can help grow our value exponentially. We are just getting started."
Somatic Systems stated it will continue to announce the acquisition and retirement of shares as they are pending or have been completed in the coming weeks.
And then they will have to bake the DELICIOUS SMAS CAKE for all of us--lol.
mm's are gonna shake this well, before letting it go. Still 3x4
3 on bid now 3x4
AUTO on bid now 2x4
You are the only one intelligent enough to do that, since you know SMAS is a SCAM. Now just tell me ONE stock you made some nice profits in?????? Copy and paste some trades to prove it. Maybe people would start paying attention to what you say, may be.....
I think he sold them Friday @ .0000001, oops! I put in too many Zeros--LMAO
You can take that DUMP, we'll take the PUMP- lol.
Keep on saying SCAM. You will never make money in the market with this attitude. Look at the buyback news today, is this what SCAM companies do???. Where is your DD--LMAO
always in pinkyland, not this one though.
Told Ya--lol
GM,
What a beautiful way to start the day with SMAS buyback news.
You are one smart investor. We seem to think alike on SMAS. I am very bullish on SMAS, and waiting for some funds to clear up to put some big money to work to support the bid as well. The few people that have talked to Steve have nothing but praise for him. I'll let you make those judgements for yourself. Lastly just be patient, and we are going to have our day soon.
Everything I say is just my opinion. Do your own DD before making any investment decisions.
You can definitely exclude me from list of people dumping the shares. I plan on substantially increasing my holdings if I can get some .0001's. Imo, people selling @ .0001 will be extremely dissapointed.
Fwiw, I was here last year and made some small change and lost more, but I'm not bitter. We have to give Steve another chance in implementing his plan. I think there are many factors beyond Steve's control that keep the pps down. I believe he is sincere in his intentions, and no reason to doubt him. I am keeping all my shares.
Btw, congratulations on nailing BCND. I made some nice change on that as well. May get in again on some weakness.
Everything I say is just my opinion. Do your own DD before making any investment decisions.
I agree with jimmy's assessment of the past dissapointments, but things are different this time around. Buyback alone would do wonders for pps. Just take a look at FFGO as an example pps went to .0008 with 35 billion OS and buyback announcement. We just need to see cancellations and retirement of stock through the TA, which is coming soon, IMO.
Agreed.
jimmybob,
I admire your DD, and consider me a fan. I would just say this "Give him another chance". He understands the stakes now. Imo, this is almost the last chance for him to make it happen.
Gltu & best wishes.
Everything I say is just my opinion. Do your own DD before making any investment decisions.
Steve,
If you are reading, don't worry about the bid, it will be there in the coming weeks. I just can't afford to miss any 0001's if an impatient investor decides to jump ship. Good luck and I wish you great success in your SMAS endeavours.
I don't have any concerns about the PR's being released, as long as Steve has a plan and is working on it. All indications are he is already implementing his buyback plan. I am willing to put a floor on the bid side for him, for as long as he needs. Just keep showing some progress. Imo, We can't afford to let this positive MOMO vanish.
Everything I say is just my opinion. Do your own DD before making any investment decisions.
Understandable. Btw, let him know I hold substantial amount of SMAS shares, and will support him in his efforts to get the pps out of the basement (will not be selling until much higher levels).
Everything I say is just my opinion. Do your own DD before making any investment decisions.
Can you ask him on any chances of a PR on Monday?
Everything I say is just my opinion. Do your own DD before making any investment decisions.
good stuff.
Looking forward to a profitable week ahead.
Nice work 4HE. The board truly appreciates your DD.
Thanks.
Agree with your thoughts 100%. Steve has learned and improved a lot since last year. Imo, we just have to be a little patient. Good days are coming soon.
You done bashing FFGO? Welcome to SMAS now, what's after this--lol.
Knowing that it doesn't change the positive MOMO is at least very good.
I have thanked all MODS previously, and will say again THANK YOU for all your diligence and honesty. I have added more and will continue to add more to my holdings. GLTA
4HE,
I have nothing but mountains of respect for all your hard work, dedication, commitment, forbearance, patience, due diligence, truth, honesty and last but not least LEADERSHIP.
YOU WOULD BE THE LAST PERSON NOT TO TRUST ON THIS BOARD.
Thanks for everything you have done for the board.
I know we have our best days ahead of us. :)
Letsmakemoney101
Everything I say is just my opinion. Do your own DD before making any investment decisions.
Excellent update Rick.
Thank you soo much for explaining it to the shaky peeps here. Someone selling 50 million shares is nothing to worry about. An inexperienced long time holder probably got scared of very low volume, and decided to sell.
On your second point I agree 100%. Emergencies come up, and people need $$$. I sold a substantial position in another stock this week to pull out some cash. We have to give Steve time to implement his plan. Glta
Does anyone know how to post a L2 snapshot. I have no clue. I would not mind updating L2 going forward.