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Just so you know, and its not OT, but some DD to back the mid-Sep prediction of maybe some movement, and mayby not IMHO
BioPharmetics (BPMT) Announces Dividend Payout to Shareholders for Recent Asset Sale to Summus Works, Inc.
Company Looks to Target New Acquisition to Grow Shareholder Value
BioPharmetics, Inc. (PINKSHEETS: BPMT) announced today that on or about September 13, 2007, the Company will announce the record date and structured dividend payout of shares of Summus Works, Inc. to BioPharmetics, Inc. shareholders resultant of the recent sale of assets to BioPharmetics, Inc. Management stated that while the exact details of the dividend are currently being structured, it will be paid pro rata to BioPharmetics shareholders.
In other news, the company is actively targeting new acquisitions for the company and expects to announce pertinent material developments to that end before Labor Day weekend. Ideal acquisition targets have been identified and due diligence is underway, management concluded.
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
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HOld for a bit, I have to get ready for work at 0430--OH JOY
Yes and I figure we have waited enough "TIME", why not wait more.
Yea I had actually bought into then CWPC 5000 shares at .25/share, and sold at .75 PPS around Nov of 05 because I got impatient, I think it was Feb of 06 when it trumped up to over 8 bucks PPS, damn I could have made some serious loot, taught me the value of when to hold and when to sell, and stop being so damn compulsive at time, I could have made about 80k on PAVC last year, when I bought abunch at a penny, and then it dropped to half that for 3-4 for weeks, then ended running up past .30 cents for some time. YES Bobky I have lost money(money I would have gained), and I kick myself in the ass for it.
Well Gorb, the distribution of shares as divis in that regards, means Dan may have used them as well as cash to pay for the assets of BPMT, and they may or should be restricted, which takes those shares out of the game for at least a year. You would think that the folks at BPMT would have some faith in Dan and SMMW to make such a venture, especially if the SMMW PPS is at .0001, and they want to make a profit with-in the next year or so.
Lots of companies have been trying to get into Rusiian and alot of the old Soviet block countries to get that "black gold" you never know. Canada ahs always had oil and dimonds, but thye are hard toget to, good company to read up on is now BQI, was CWPC, they did quite a jump within a year and a half they went from >.10 to over 8 dollars PPS, they are down to 3-4 shares, but have jumped from the OTCBB to the AMEX/NASDAQ. They did all this movement without any RS.
Thats quite interesting Bobky, either he is a genious or talking out his butt, i would rather it be the genious part. There is a lot of untapped resources out there in Russia and in Cnanada yet to be discovered, just need investment dollars to ge tthe ball rolling.
FYI folks, and not OT
JUst a recap of what to expect around 13 Sep:
BioPharmetics (BPMT) Announces Dividend Payout to Shareholders for Recent Asset Sale to Summus Works, Inc.
Company Looks to Target New Acquisition to Grow Shareholder Value
BioPharmetics, Inc. (PINKSHEETS: BPMT) announced today that on or about September 13, 2007, the Company will announce the record date and structured dividend payout of shares of Summus Works, Inc. to BioPharmetics, Inc. shareholders resultant of the recent sale of assets to BioPharmetics, Inc. Management stated that while the exact details of the dividend are currently being structured, it will be paid pro rata to BioPharmetics shareholders.
In other news, the company is actively targeting new acquisitions for the company and expects to announce pertinent material developments to that end before Labor Day weekend. Ideal acquisition targets have been identified and due diligence is underway, management concluded.
Safe Harbor
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Contact:
Just thought you all should know, so I can back up my posts of something coming down the road on or about 13 Sep
Yes seems things may be shaping up, but I say that with a ear of caution, we will see come mid September
Thats the clincher, they have yet to divulge that, hopefully it will be a decent amount, and they become restricted. This in turn might galvinize some movement, but like I said before, one can only tell. So I will sit back and see how this unfolds, may make for an interestinf start for the fall trading season though.
NOt sure, but I think we will see some action on the 13th of Sep, when the SMMW divis get distributed to the BPMT shareholders. I am not saying we will move huge or at all, but it may have a decent affect. I folks are unsure, they can consult the PR, I think it was posted last week, just look under the PR history of SMMW or BPMT--the info should be there. Oh well just another day in the SMMW Saga
We started with 16 MMs today, what was the final count for today, 13?
Watch it dc, the sharks are out there, looking for promises and posts with no substantail backing. Just some FYI to CYA :)
Well then, guess if they are not foolish, you have your answer
Well either the folks from BPMT are fools,,,or there may actually be potential in SMMW and they know about things that have not been brought to light--of course this is all in speculation, and MHO
That Max, is the question of the month, why would a 2-5 cent PPS comapny sell to SMMW. I dont what kind of deal was worked, but it must have been a doozy to have Dan pull BPMT into their relm
HOOT HOOT :)
Good luck in your investigation Rich, i trust you will find out what is really hapening with out money
Well it was a t 16 this mornig, that is what I am implying, but your remark, does stand to equate to the PPS as of present and in all the past
Wow, sounds like a conspiracy theory--lets add it to the next chapter of the PRRM sage--oops I mean the SMMW Saga, keep on digging Max, I can write a book and make a killing off of all this info
Well I like to be the glass is half full person with this company without coming under fire as a pumper--lets just hope for the best and see what the Divid shares bring to the table come 13 September
They have the float in the IHUB box for the board, hope this helps
I think they were at 16 MMs this morning
Down to 13 MMs, this thing is like a roller coaster
6 @.0001
6 @.0002
1 @.0004
I agree with Bobky, we are in the dark, no doubt or argument there at all. but like I said I am not dumping my shares now. For some reason this company is still alive, even with out a raise in PPS for 3+yrs. Oh well I shall just sit here and watch the story unfold.
For some time, way back since the PRRM days, and yes 3+years is a heck of a wait, but I mise well stick it out, for the time being, to sell at market is more of a loss then just sitting on what I have now. See I am realistic, but am not going to dump my position because of the words of posters, nor do I add more becuase of the words of posters. I shall just sit here and watch how this soap opera unfolds.
No sir, thats what I read every day, so I can comfortly say thats what I know, I read your posts, and I read Gorb's Posts, I read CSBs, and I read RJ's, I read Egor, and I read Bobky--So yeah, thats what I think, how about that Max, I am entiled to post here and state my opinion as long as it is not slanderous. And so to cover my tracks, IMHO---
Seems like a lot of birds are chirping to the posative and negative of SMMW, and alot of posts being written with-out substantial proof of what is being posted, on both sides of the fence. I pretty much see them as negating each other until something comes out stating the company is going forward or going belly up. The statement is vague, but to the point, until any of you guys can come up with substantial proof, ie, articles, PRs, numbers(that are accurate), all that is posted here is optomism, speculation, negativity, and pretty much BS--unless PROVED otherwise with substantial DD. Think I covered the bases on both sides of the spectrum.
Well to be fair, it was said in a verbal interview, that 60+% was owned by Dan and/or insiders. Cant remember the date, but you could actually listen on the computer--it was last summer, perhaps late spring, April May timeframe, when Dan did say somthing about financials(and yes I know the financials did not come out, so it is hard to say that 60+% being an accurate number is owned by Dan and/or insiders.
Not neccessarily, you would not always need a R/S to lower the share count---just need one heck of a buyback and retirement, that could always be an option. Seems alot of folks are set on always posting about a R/S. Perhaps we should only post about that possibility when it occurs.
By no means am I condeming your statement, but it has yet to happen, and must be purely speculation until proven correct with company action in this direction.
And before you say it, all the posative folks are speculating about great things going to happen as well, so fo the time being we are in limbo status on the whole deal.
I would prefer the buyback much more, hey I admit I have a position in this stock and would like to see a heck of an ROI, but until my portfolio shines green, just have to sit here with the rest and wait.
Weather we see a R/S or buyback, they of course would be 2 defining factors for the future of this company.
Do you say that because of the SMMW divis to BMPT shareholders, not a bash, just a sinceree question, I did pose this before to some folks, did not get a responce. Do you think that the divi is going to have an affect on the shorts(should there be any discovered), and if so why?--I can only speculate the divis giving to the BMPT shareholders are going to be restricted, thusly tying up more of the share count in limbo and this in turn make less shares to trade. Heck for all I know, is that I know nothing at all. Have a great day, and TIA.
Well I guess, and I say this on the side of caution, perhaps Dan and SMMW is waiting for that transfer of shares, to come down on the shorts(should there be any). Perhaps they plan to do a share reduction in tamdem, guess we wont know until the time comes. These 2 things would be the shot in the arm for the share holders that have been here so long, and would, I m sure attract more attention.
You guys think that the transfer of shares to BPMT holders will put more of a crunch on the shorts(should there be any). I may be wrong, but would 'nt those divid shares be restricted regardless, so being so, would this affect the shorts? So many questions, too few answers, guess we may have some results come the 13th of Sep, I believe, could be wrong, thats when the transfer of divi'd shares is suppose to occur. Good luck to us that have waited the long ....patiently..:)
Your insight is duely noted, thanks, have a great day
Well JB, everyone needs a chance to recover from past, less then average results, Oh well September is around the corner, and MIcroCap season starts up. Mayby he is waiting for that season to start(I say this optomistically)
Still your optomistic self, this is good, oh well, we wait for a share reduction PR, if it does not come for some time, we will be hanging out in the basement PPS.
Well you have to with the law of averages on this, if there is something good PRd, then there will always be fault with it, or it will be read into for the most part to find fault or conspiracy to rob the investors.
i dont think you would get many arguments on that one
Good morning folks,,shall we have good news today, or will it be next week, month, so on---Id rather it be today. :)
Oh I know we need share reduction in a big way 30billion+