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are you thinking he separates the companies to keep the good stuff for himself? that's what i think.
it could also be that he separates them in order to gain partners.
we lose out evertime he does a deal that has nothing to do with RSHN on a 100% basis...imo.
it never was about us. it was always about you-know-who. em
maybe restricted shares were not subject to R/S?
that would be great for Dan.
so, 80% off of $0.0001
we knew it would happen.
they are taking our investments down to zero or close enough that it will feel like zero.
so, 8,334:1 R/S takes away investor leverage.
then run the post R/S pps back to $0.0001
that should translate into $0.0000001 pps pre-R/S.
right up the butt.
had 10 million shares, now have 1,201. leverage is gone. glta.
Paul, I'm confused. In reading the following it appears that SMMW (Dan and Ian) bought the guts of BioPharm in the SMMW shell and are renaming the resulting company Xtend with you and Ben on the SMMW board. Is that it? Dan is still the CEO and president of the SMMW board? What is Ian's title?
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Summus Works, Inc. Announces Paul Lisenby and Ben Friedman Appointed to Board of Directors
SUN VALLEY, Calif., Aug. 22, 2007 (PRIME NEWSWIRE) -- Summus Works, Inc. (Pink Sheets:SMMW) announced that due to its recent acquisition of BioPharmetics assets and business operations, Paul D. Lisenby and Ben Friedman of BioPharmetics have been appointed to Summus' Board of Directors.
About Summus Works, Inc.
Summus Works recently closed an acquisition for the assets and business operations of BioPharmetics, Inc. Through this acquisition the company will have the ability to market and sell a myriad of healthcare, anti-aging, and cosmeceutical products to healthcare companies, retail and wholesale companies, as well targeting certain sectors of healthcare, biotechnology, and cosmetics
bobky: what does the share structure look like to you now? it appears that Paul bought the SMMW shell and renamed it. is that right? leaving Dan and Ian as minority stockholders in Xtend and SMMW as we knew it has gone away?
Bob then probably doesn't have the $$$ yet to push the product through the BIG's (advertising/promotion/incentives) and doesn't have enough product recognition/demand to pull it through the BIG's either. Maybe he needs to take somebody out to lunch or take another look at his gross profit margin and what it is worth to the BIG's to carry his line(s). If the public isn't going to pull the products through the retailers then Bob has to push it through by making them appealing to the BIG's and the distributors. Any idea where the hang-ups are?
With 20 years in it, Bob isn't probably the best salesman for the company based upon sales performance. Something is holding up his progress. Is it funding? Is it product line? Is it mark-up/profit split with wholesaler/distributors? What has been holding Bob's progress up?
lurking. em
am working that angle. have stuff in the self-directed ROTH too. tks for the input. picked up another 25,000 shares @ $0.0045 just now.
tks for the input. i'm still holding 25,000 shares in a taxable acct and may add a few more then. Tuslog28
i think ammerman was approached by andrew first. it appears that they hatched a plan whereby sulja bros would buy the loftwerks "public" shell thereby taking the loftwerks assets private and presumably to be developed further by dennis and andrew and ???, if anyone else.
i believe it was said dennis was holding 100 million sljb shares at some point but other than that i wouldn't be suprised if dennis had nothing else to do with what we know as smmw.
i inherited Dan when he bought the Rocky Mountain Ginseng shell. who has the shell now, i'm not too sure.
I've been trying to sell all my SMMW at the market for 2 days now w/no results at all. What an anchor. em
Sold part of KING today. Tired of waiting. em
I sold and I'm a true long. There is no hope and other companies to invest in.
I wouldn't say targeted but rather from what is available on the web, Andrew, while at NANNACO developed an interest in the building trades. That was about 2003, I believe. That may have been the connection that brought Andrew and Dennis together and I may recall that LoftWerks owed the Suljas (or the Suljas and PV) something like $10mil and it was PR'd that LoftWerks was taken over to "protect" that investment. Something like that may have been how they all ended up in bed with each other.
(had to use this link...gave up my subscription)...i owned most of it in a IRA so taking a tax loss is not impossible but difficult to do in an IRA. $7k+ is a loss I took on it in a taxable acct. though and I'll be writing that off over a couple of years.
Post of the day. em
Get as far away from anything to do with Dan and friends as humanly possible, imo. Nothing but bad news for stockholders/investors. That's my opinion.
imo, the Suljas and maybe PV may have been blindsided by outsiders, i.e. Andrew et al. i doubt that the Suljas approached Dennis and Andrew on their own with a plan.
It's all about Dan. He doesn't give a rat's a.. what happens to our investments in his company. imo.
blue: i think the SLJB era is over. i sold my 200,000 shares over a week ago and at least got out with something while taking a $18k+ loss. without Mideast prospects and one heck of a plan, SLJB is just a very small, troubled Canadian building supplies company and the street doesn't pay much for that.
good point. i don't expect to get $0.0001/share. i just want out w/anything. i only have $1,100 invested in this. maybe some MM will execute my sell order. i don't really care what i get for these shares. i'm doing a little house-cleaning and this is definitely trash to be tossed out...just on the principal of how the company has been managed all along.
the appeal of this stock was getting a million shares for $100. that is being taken away so our leverage is gone. imo, once the R/S takes place it will look like a jail break of sellers getting out. the pps will drop back from the $0.83 or whatever someone projected and w/o VERY positive PR's, not only will our leverage be taken away but the market value of our holdings will revert back to zipo. it's going to take a while for the pps to stabilize after the R/S and after any positive PR's are put out there. the street on this one will be looking for confirmable performance. All the goodwill is gone.
If you see 10 million shares sell at the market, that'll be me. I don't anymore give a rat's patute what goes with this so-called stock. It has burned me out and I put up with all that happened with Rocky Mountain Ginseng. This is worse than that. At least China had some pinache. This simply stinks.
Paul had to take the lead to make a R/S look like Dan had nothing to do about it since Dan had promised soooooo many times there would be no R/S, imo.
my 10,000,000 shares will be 1,200 after the R/S. i'd need about $1/share to have after the R/S what i have in pps now. that an't going to happen, imo.
The MM's must have a sense that Bob's profitability isn't that good, or worse.
Don't believe it until you see the filing in Edgar.
How many shares are you going to have after the R/S?
If they wanted to protect the common stockholders, they would form the new company, complete an audited financial, then R/S while applying for an uplist. R/S'ing now will put us at risk of the pps sliding downward again w/o very positive, verifiable news. I predicted the R/S last week when Dan was out of the picture thereby removing his promises of no R/S from the equation. The new guy could then do whatever including an R/S w/o appearing to be breaking promises.
My 10 million shares are now 1,200. Yippee! That's the big advantage of the R/S to me. Loss of leverage. Yippee! I had way tooooooooooooooooo many shares before. What a great payoff for staying with the stock since it was Rocky Mountain Gensing. Very nice. Smart, smart investing.
if SMMW bought some assets from BioPharm, there may be no connection now between SMMW and BioPharm. do you know anything about a possible connection or no connection between the companies now?
i agree. i have held this stock since inheriting it as a Rocky Mountain Ginseng shareholder. i suppose i could pick
up the phone and call BioParm and see if anyone there can
shed any light on what is up. has anyone tried that?
since it appears Dan isn't in the management picture any more, that may be their strategy to R/S. a decision to do that could then be said to be out of Dan's hands. slick!
that's how this board and the pinks work. i learned that in the past year and a half. expensive lesson. em
SurfinJj: you're right. the street has written this one off and doesn't think about it much, if any at all. that is the hill Dan or whomever has to climb if he wants to grow SMMW as a public company. i have a doubt at this point that Dan is including SMMW stockholders in the future plans for this company.
ok to parce words...if you don't know i am speaking figuratively when i refer to the street with regard to this stock then i'll explain that i regard the street as the professionals and institutions that trade/follow stocks and informed investors. all of those folks and entities haven't had an interest in touching this stock for months Dan and Ian or whomever is in charge of SMMW now will have to walk the walk way before investors will toss another dollar their way. that leaves the present with those like us who are bag holders who have a stock for which there is no bid so we basically vent on this board as an alternative to getting hammered or showing up on Dan's doorstep.