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they haven't taken it private, yet. what i am saying is that they could be positioning in order to take it private, shake off the bad history of the past, consolidate the balance sheet and after a year or so take it public again but with audited financials, list on the OTCBB and do very well for themselves. they pretty obviously have no need for anything we could/can offer or they would have given us much better treatment/communication/explanation. they don't care what we think or whether we stick around or not. they have been able to do whatever it is they are doing without a trading stock being in the calculus.
the street doesn't like suprises. these boys have a lot of stepping up to do to gain any credability with the street.
well, can anyone explain why we aren't being told anything by the company? normal, healthy companies don't act this way. this type of silence is not constructive. it is distructive of investor/public confidence and interest.
...and unless a company that R/S's changes course and starts to show profitability and growth, the company's pps will begin to slide again right back to $0.0001/share.
an R/S w/o a change in course by the company is simply distructive.
Maybe they are taking the company private. If that, then we are irrelevent as stockholders. They'll just make an offer to buy all outstanding shares at $0.0001/share and be done with it. Then, at some point in the future, they will go public again when the balance sheet looks good and make a killing.
it's a lock. we're rich!
nice! now we need a respected lab to certify the results and we're off and running. yeehaw!
Bob needs to get those pledged shares back for sure then start a share retirement/buyback program and get the A/S under a billion and the O/S something like $500 million, but none of that will pop the pps until he publishes audited financials. he's not that young and the clock is ticking. i'd think he'd want to move thing along smartly (not taking away what he has accomplished in the past year). the company needs professional management at this point.
anybody try powering a car w/gensing? w/oil at $80/bbl maybe we have something here. em
oil at $80/bbl and we're in the toilet. the street would have given KING something based upon prospects and the ppb today but it didn't. watch out my friends. this is not the most interesting stock in the World. stay thirsty my friends. don't settle.
mahalo Ben and howdy as it's said down here in Panther city. keep my in mind as you do DD. we appear to be on the same wavelength with the same set of questions.
by the way, ever hear "Over the rainbow" as sung by Israel Kamakawiwo'ole? that is excellent. yutube. em
i'm confused as to who owns what and who the players are and how it all fits together. i only have 10,000,000 shares so i can't question too strongly but i hope the company will step up and tell us what is going on.
news today (9/13/07). woohoo! em
it appears we are a long way away from having any idea what is going on yet. assets were acquired by BioPharm and SMMW shares are being distributed to BioPharm shareholders and Dan and Ian are off of the BioPharm board and BioPharm is changing its name to xtend...? we don't have a clue. usually companies making these kinds of changes/moves PR what they are up to. it appears more to me like BioPharm is the surviving entity and where will SMMW be in all of this?
I'd guess when people like Bob need $$$ to make a car payment, etc. they contact a MM and sell a few million shares at under $0.0001
Just a guess. If that IS the case then people like Bob don't really care what the pps is because they personally hold a few billion shares to screw around with.
RJ: "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."
I'm cornfuzzled. So SMMW buys BPMT and issues stock to BPMT which is distributed to BPMT stockholders as a dividend. This had to do with "the recent sale of assets (TO) BioPharmetics". What assets were sold to BPMT? Assets FROM SMMW sold TO BPMT? How does that work if SMMW bought BPMT?
Now BPMT is changing its name after Dan and Ian are off of the board of BPMT and all of this has taken place. I'm not getting it. Any ideas?
xtend sounds like we are in the "personal" products business. Hollywood?
Mike: You're a good guy. I appreciate your taking the time to ping me. That is one of the benefits of this board...becoming aware of the presence of good people.
i live pretty close to Keller,TX in case that becomes of value in the future. is GRSR buying that company in Keller for sure? hasn't GRSR been working on that buyout for a year now?
hay Sand, i feel good. i have put this chapter in life's lessons behind me, never to be forgotten. i still have a few turkeys in the portfolio but i'm not likely to make the same investment mistake in the future that i made with this one. great lesson.
All gone. 100% sold. Finally totally out after a year and a half of self-induced abuse. Time to move on. Now I'll try and put this POS in the past with a $19,000 loss and a great lesson learned. I'll watch what is going on but I no longer have a financial interest in what happens in the future. Bye Steve, bye PV, bye Andrew, bye Dennin...you turds. All you had to do was make good on even some of your PR's and the street would have taken this stock to da moon but you f'ed it up, imo.
Sell, run fast, dump, move on. Look for SLJB to go to $0.0001 with no bid. Bad investment. Bad investment.
Question: What is to be gained by us stockholders by putting any more energy into this stock? It appears to be a dead deal. We need some new stock ideas to move onto. I'll put RSHN into the pot as another affordable crap-shoot with some prospects i'd guess in a 12 month timeframe.
I see no future for SLJB. What possible potential benefit is there in SLJB for current and potential stockholders/investors? I can't see any. Is there an ongoing, viable business? Is the "company" acting in any way as a viable company with positive prospects acts?
SLJB is a cluster. The stock is screwed-up. Management is non-existent. It appears to be in regulatory hell. Imo, the pps is going to $0.0001 with no bid and it'll become another SMMW that has been without a MM bid since last November. You couldn't sell a share of SMMW if you wanted to unless you contact a MM and make a deal at under .0001. (yes, i am holding 10mm shares of that pos too.)
it's a pinkie so be carefull. em
i've got a last 50,000 shares i bought at $0.09/share sitting there now worth $200 on a good day. i think i might just suck it up and dump them too and try and not look back. at this point i feel this pos is DOA, never to be recesitated. it did the job Andrew, PV and Steve and Sam and zippy the chimp set it up to do. imo, they made good on zipo, none out of all of the PR's and assertions and dates certain they put out there to the gullible and the greedy (me)...nothing, not a thing i can think of came to pass by their hand(s). i would have been way ahead by putting that $19k into the principal of the loan on my home. did i? nooooooooooooooooooooooooo! what a piss-off lesson to learn.
Woohoo! I've got a final $4,560 invested in this pos as a loss. Need a tax loss? Put your $$$ into SLJB.
"The party's over. It's time to call it a day." This puppy is mort. The buzzards are done and are looking for a new meal. The bones have been picked clean on this skelleton...ahhhhh...shell. Night night. The lights are off. Nobody is home.
I must have vibed something out as I sold and took a $13,500 loss in SLJB in the past week. Only $4,500 more to lose when I finally sell the last 50,000 shares. This recent rumor should make that dream come true.
somebody could write a book. how to f-up a family buiness in a year and a half. em
when did that happen? another thing i've missed. em
i had not thought about the Dubai listing PR's that SLJB (or persons appearing to represent SLJB) put out there last year. that was a good one. it caused hundreds of posts discussing the effect a Dubai listing would have on SLJB stock. it was all part of the coolaid, imo.
very desperate and probably worthy of being placed in time-out for about a month i'd say. others won't know this is an old post and will think it is a new post. part of someone's pump.
In an operation like this, at least one principal of a holding company will be on the board of every subsidiary. if BioPharm is a subsidiary of SMMW then it doesn't make sense for Dan and Ian to have resigned from the BioPharm board altogether. that is a mystery. now, if SMMW is out of the picture and taken over by BioPharm then it would make sense to remove Dan and Ian from the board. we need a PR to straighten this all out. is there a silent period in action here or what?
that's what happened with vendors to Sears. em
well it makes sense if Dan would tell us what his role is today in the whole thing rather than just saying he and Ian resigned immediately from the board of BioP...
i assume he is at the top of SMMW and SMMW owns BioPharm...
so he and Ian were on the board of Bio for a while until the takeover was complete.
so pieceing this together, Dan sold a bunch of SMMW stuff and bought BioPharm... with those proceeds and whatever else he put into the pot?
so Dan would still have some top title in SMMW and presumably SMMW still has some other gigs ongoing besides BioPharm...?
so Dan and Ian were already on the BioPharm board and when SMMW took over Bio then the other guys took the top jobs and Dan and Ian resigned from that board and are still the big players in SMMW which owns BioPharm?
so Dan would be the Chairman of the Board and CEO of SMMW or something like that?
i can't figure out why then would Dan and Ian not be at the top of the pile and why the other guys in the takeover company end up with the top positions and Dan and Ian resign immediately from the board.
is BioPharm a subsidiary of SMMW?
I got it backwards but the point is that Dan and Ian aren't.
I am wondering if maybe Paul and/or Ben invested in SMMW and that investment having possibly returned nothing to them, they actually took over SMMW. The way it looks is they have the company and the top titles and Dan and Ian are out. Odd takeover of BioPharm assets by SMMW. Dan and Ian may have met their wheeling and dealing match and lost their company.
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Summus Works, Inc. Announces Paul Lisenby and Ben Friedman Appointed Officers
Tuesday September 4, 8:30 am ET
SUN VALLEY, Calif., Sept. 4, 2007 (PRIME NEWSWIRE) -- Summus Works, Inc. (Other OTC:SMMW.PK - News) announced the company has appointed Mr. Paul D. Lisenby as Chairman and CEO, and Mr. Ben Friedman President of the Company. Additionally, Dan Burgess and Ian Lamphere have resigned from the Board of Directors of the Company effective immediately.
digital: Wow! You done some fancy thinking there. Could be. Along those lines, I have always wondered if there has been a continuing roll in all of this by Adam S. Gottbetter, who apparently has a hedge fund in his name and started doing business in 2006. Hmmmmmmm.
HUSTLA: I guess I'm finally wakeing up. So SMMW takes over BioPharm and Dan and what's-his-name are off of the board and the BioPharm guys are on the board, President and CEO.
As someone said, all that leaves Dan is with however many billion shares he has. It actually appears that BioPharm took over SMMW. I don't get what is in it for BioPharm. I can see the advantage to SMMW to get into a defined business but it is a mystery what BioPharm got out of it from SMMW. It isn't like SMMW was uplisted and BioPharm bought it for the uplisted shell. Maybe the guys at BioPharm owed Dan in some way and he is now the silent partner with them. Anybody have an ideas?