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Want to know WHAT'S GOING TO HAPPEN within the next week, month, year?
Look at the past...
Take a look at Management's Background – Who runs the company? Have they made money for investors in the past with this company since the intial BMG run-up?
Are current investors happy with management and their investment?
Would current investors invest with this managmenet team again if they were to start another company?
Take a look at the consultants-
Have any of them violated the law, including any of the federal securities laws, and/or basic investor relations ethics?
Mgmt & consultants - have any of them been known to spin a good tale about future PRs, revenues etc. over & over again without them every coming into fruition?
If you've been honest with yourself in answering the above questions then you know the future of this stock & co.
My condolences to myself & everyone else whose ever been involved with this company!
IMO
~ii2
"maybe this week" After years of this fiasco isn't it hysterical that any long holding shareholder would use the phrase this week or next week regarding something positive occuring with SCMI or MMXT.
After years the only thing that continually may occur this week or next week is the share price plummeting!
Not even worth a penny that says it's all!
Gregg99, No merger & Accountability! Way to go!! Major kudos & showers of blessings your way!
Let me know if we can all join in "class action".
~ii2
Bleu stated that Scott was the one that brought KC...not me:
"Scott that brought the BMG deal and KC through his knowledge and acquaintances with the industry"
What BMG Deal? The one that was sold before Scott ever worked at SCMI? The one that propelled our pps up to .30-.40 range before the shift-key fiasco? The BMG deal that is dead? Is there a new BMG revenue deal that has been announced that I missed showing that BMG is still on board with SCMI and deploying again?
Wow if so, that would be awesome! And if a BMG/Sony deal is pending ink, IMHO our pps wouldn't be at .01 and trading at under 10mill.
I haven't seen a PR stating such a deal, nor have I, and other shareholders I know, been able to confirm any such thing with BMG.
ii2
P.S. BTW, are shareholders to be impressed that Scott brought KC onboard with us, when per your post he ended up being "terminated with cause"?
"I am fairly certain that it will pan out that he in fact did not resign and that there was a special board of directors meeting to vote him "terminated with cause". "
Very revealing! You tout a nice sentiment of verifiable results but don't give any when asked. Instead of just providing some good results for us to all review, you choose to go on the defensive.
Meeting Scott face-to-face has absolutely nothing to do with his sales results for shareholders thus far. And for the record, I have talked with Scott numerous times...and nothing he touted, like other SCMI/MMXT employees/consultants panned out (surprise, surprise).
The point of the dialog was to discuss Scott's sales results...of which by going on the defensive and trying to switch the topic to whether a shareholder has met him, reveals you have nothing to substantiate your nice sentiment of "verifiable" results. Just what I thought...but wanted to double check.
Thanks.
JMO
ii2
Sting pls show us some of Scott's results that you say are real and "verifiable". We would all like to be aware of them.
He was a sales rep right? Show us a major revenue deal that has panned out that Scott sold over his duration with SCMI/MMXT. Otherwise, the real and verifiable results are not impressive over Scott's sales career with SCMI...but I guess if you stay late writing a PR for Peter that's verifiable experience enough to be a CEO.
Per your own words: "He is a true believer of delivering results that are real and verifiable."
That's a very nice sentiment, but the historical facts are he didn't deliver any major revenue results as a sales rep for us...if so our pps wouldn't be at .01.
Re' taking a 50% paycut, so what?! IMO the Exec's (& consultants) have been "GROSSLY" overpaid for too many years now...oh, and by mine & other investors money!
IMO
ii2
Can this be correct? Scott, a previous sales executive (who has delivered us ZERO major revenue deals working under Bill Whitmore) has now been promoted to CEO? Please tell me it's a different Scott.
If it is, LOL Big Time!!! We have someone with absolutely no CEO experience running a ship that has been sinking (see pps historical) for years now, and has done squat for us as a sales rep. I guess if you can handle writing a few PRs that's enough qualifications to be a CEO at SCMI.
Too funny! Talk about desperation...that's the best SCMI can do?
JMO
ii2
Good post Stehvestor. eom
Bill & Al jumped ship. Both long time employees of MMXT/SCMI.
Bill MMXT CEO & Sales Manager, Al accounting.
Hmm, the employee responsible for sales has recently departed.
Hmm, the employee who is most familiar with the books has recently resigned.
Pretty strong inside positions who obviously decided that it's not worth staying on at SCMI/MMXT.
I agree, how can BK not be very far off:
no revenue
no apparent new interest from Granite or other large investors to fund this company
Class Action against Peter & Co...Collin if you or anyone else on this board finds an attorney to take legal action, PLEASE feel free to contact and include me in! I would love to see them have some accountabilty for their horrific actions.
Thanks
~ii2
Does anyone know if the new MMXT CEO has actually moved to Phoenix?
X'mas season CDs would've already been manufactured and in the stores by now. I wouldn't anticipate the labels releasing a new CD this late in the season. Probably not until next month.
~ii2
TDJ, a few questions:
1. Who did you speak to (e.g. Mario, Peter, Bill, the new MMXT Ceo etc.)?
2. I'm confused regarding the funding paragraph:
"Funding – Half of the funding is in. They are awaiting the second half. Per the agreement, they will be able to look elsewhere for funding after this Thursday IF they need to...Once the second half of the funding is in, the S-4."
It appears filing is being detained until the second half of the funding is in, but then the first sentence says "IF they need to"? If the 2nd half of the funding is not needed, then why can't they file the S4?
3. How much $$ was secured in the "half of the funding is in"?
THANKS!
~ii2
jr, do you have a link to where you saw Granite was going to invest 2.5 mill? I missed that one.
Thanks!
Happy Thx'giving.
ii2
LOL!! What investors SEE is Peter, Bill, and now a new CEO making plenty of cash, bonuses, shares while investors are down over 75% (from 2 years ago), '03 business objectives still not achieved & their QTIG & DSTG dividends taken away from them!! Overhead low?!! Not with these types of compensations going on & let's not forget about all the juicy consultant fees too!!
JMO
~ii2
RE>>"yet investors see the huge earnings potential after breakeven....similar to what SCMI offers. Once past breakeven, all new business is pretty much pure profit for SCMI. Overhead is low too."<<
"IF!" there is something tomorrow and it's news worthy, I pray it's good enough (for a change) not to drive down the pps from our recent "little" upward trend
117, WHY would you be expecting to see DVD's soon, when we've been hearing that for over a year now?
We've yet to see '03 business objectives met?
BMG full deployment
2 major label deployment
1 million revenue
SCMI fully reporting
New exchange
etc..
or '05 touts:
Apple ipod
BMG full deployment for X'mas season (touted by SCMI each season, and has never transpired)
147 million revenue
CSN partial deployment
any revenue from the Kiosks deals
etc...
or
QTIG or DSTG dividends received?
What we have seen is HUGE salaries and bonuses for exec's...with even more money going out to a new CEO, while still retaining Bill, & Peter having a nice cash bump & 10 mill shares to run the board....all at the shareholder's expense!
Oh & a major loss of their investment (down 75% for the faithful longs who have endured just the last 2 years).
& a historical record of 0 credibility!
Thanks.
JMO
~ii2
Peter gains 100K annum & 10 mill shares around 1/06 & long shareholders lose their dividend!!!
Great CEO, looking out for his faithful shareholders.
JMO,
~ii2
The Amendment also contemplates that Peter Jacobs, the President and Chief Executive Officer of SunnComm, will assume the non-executive position of Chairman of the Board of Directors of the merged company from and after the effective time of the Merger. As part of this agreement, the Company agreed to retain Mr. Jacobs as a consultant and as its non-executive Chairman of the Board from the effective time of the Merger with SunnComm through June 30, 2007. Mr. Jacobs will be paid a consulting fee equal to $100,000 per annum for his services. In addition, the Company agreed to issue Mr. Jacobs 10,000,000 shares of the Company's common stock on or promptly after January 1, 2006, which shares he may cause the Company to repurchase for $.10 per share within 30 days following the second anniversary of the effective time of the SunnComm merger, and granted to Mr. Jacobs options to purchase 15,000,000 MediaMax shares, 10,000,000 of which are exercisable at $.05 per share and 5,000,000 of which are exercisable at $.075 per share. All such options vest in full upon the effective time of the Merger. The consulting agreement with Mr. Jacobs also includes standard releases of claims and non-disparagement, confidentiality and nonsolicitation provisions
WOW! Let me get this straight. Kevin is coming in with a "base" salary of $250K, and we're still keeping Bill on as a Director. Wasn't Bill's salary around 150K & other bonuses, stock etc.? Who's going to fund all of this?
Thx 117. Has anyone had an opportunity to validate:
From December 1, all iTunes downloads will carry a new kind of Fair Play DRM, a direct negative feedback 'watermark' recognized by Fair Play earbuds and, ultimately, by other audio devices from manufacturers who sign up for the code, which was created under a joint SunnComm and Macrovision venture.
Who is Clement's regarding his relationship with Peter, previous work expereince, business connections etc..
thanks
Who is Kevin Clement? & Why would Bill be leaving a cozy 300K+ (includes his salary, bonus, stock etc.) gig where he hasn't had to deliver any deals that have currently resulted in major revenue thus far?
thx.
Pretty sad, when I am pleasantly surprised to be in the .03's again.
~ii2
Agree! VERY sad when "up" equates to a pps of .027...Which is SEVERELY down for the majority of long shareholders (who have "kept the faith")!
~ii2
Another great post NEILBOLTON! THANKS!!
May I ask what positives you are seeing that keep you invested, or is it just mainly because the pps is so close to nadda you might as well stay in?
~ii2
WAY TO GO NEILBOLTON!! Many thanks for the factual/truthful comments!!
Your posts are greatly appreciated!!
~ii2
"$9.95/mo. (when paid annually) or $14.95/mo. (when paid monthly"
What % of revenue will SunnComm receive from this?
AWESOME & Very Accurate post!!
Way to go Joe.
Now if Management & Mario would only follow the professional advice.
~ii2
Collin GREAT DD on the whole Narm issue!!!
THANKS!!!
~ii2
What did PJ have to say about where the co. stands at meeting their CD projections for the year (especially since it sounds like nothing as shipped yet for the CSN deal)? Seems like that would be a major important topic to discuss in your email threads.
~ii2
They said OUR dividends were paying for that.
~ii2
"CRYSTAL CLEAR SIGNS OF INCREASING REVENUES and shareholder value" LOL!!!!!!
Can someone PLEASE help this mgmt team comprehend what "crystal clear" is?!
SHOW investors FILINGS w/MAJOR Revenues reflecting significant achievement of their projected earnings!
SHAREHOLDER VALUE?! LOL!! Shareholders who have held, and "kept the faith" have lost over 75% of their investment during the last 2 years!!
Amazing.
~ii2
On this particular site it appears the copy protection solutions are listed in alphabetical order. Thus, the reason for F4i being on the top of the list.
IMO
~ii2
117, interested in hearing your DD on a few items (especially since I know you have not based your opinions on what you "hear" touted from SCMI & Mario):
1. Were you able to confirm any type of CSN manufacturing/deployment for August. IF so, what was the appx. number of "enhanced" CDs manufactured?
2. Why are you sounding more & more positive in SCMI being able to obtain a substantially higher pps w/ PRs stressing the continued rollout of F4i, and other competitors technologies?
3. What is making you believe that SCMI will finally be ipod compatible in appx a month? Also, if Apple is ready to open the door, are you of the opinion that they will also allow our competitors to be compatible too?
Thanks!
~ii2
I concur. Lack of performance, not meeting their own business objectives has affected the pps much more significantly than any existing shorts/MM.
JMO
~ii2
Maaarcus welcome to the board. I'm interested in hearing what made you decide to invest in SCMI at this time?
Thanks,
~ii2
The "agreement" to maybe if they want to some day use our technology? The one that after 7 months has generated $0 revenue?
~ii2
Gregg, unfortunately it's not appearing, so far, like we're going to see SCMI surpass MMXT today and gap. Yawn.
But at least we made it back out of the .03's, and didn't crash down into the .02's.
Hoping it at least holds.
~ii2
re: "if it gaps up to .07, and we see RELEVENT news, we could break double digits"
Why don't they name whose technology it is in the article?
Thx for posting it GCRox99,
~ii2
RE:
Stop at three
US record companies introduce a new technology that combats music piracy by limiting users to three burns per CD
By Shawn Woo , Straits Times
10 Jul 2005
TAKE heed, music lovers. The days of burning multiple copies of your favourite CD to give to all your friends may soon be over.
A new CD technology, known as 'sterile burning', has been developed to combat music piracy by limiting users to three burns per CD.
The technology was introduced in the United States early this year and may soon filter into Singapore.
Sony-BMG in the US has released at least 10 commercial titles using this software since March this year. EMI Music, meanwhile, will be releasing three to six albums with similar three-time burn limits this summer.
This software also prevents the songs from working on peer-to-peer networks like Kazaa, which contain songs in MP3 format. It also blocks attempts to make copies of the copy.
When a person tries to rip tracks and burn them onto to a blank CD, a Digital Rights Management (DRM) file embedded on the disc would prohibit the burning.
In Singapore, a spokesman for EMI said the label would be adopting the technology in the future.
He said: 'EMI plans to roll out this technology worldwide.'
Others are adopting a wait-and-see approach.
Mr Simon Nasser, 38, marketing manager of Warner Music Singapore, said: 'Warner Music will not be adopting this technology for now, because it is still very new and previous copy-controlled CDs were deemed too expensive to manufacture. We will only decide to bring these CDs into Singapore after observing how the CDs fare overseas.'
Sony-BMG in Singapore, however, declined to say if they would introduce the revolutionary CDs.
In Singapore, pirated sales totalled $7 million in 2002 alone, and the authorities have attempted a variety of means to combat the problem of illegal downloading.
Ms Liew Woon Yin, director-general of the Intellectual Property Office of Singapore, said: 'Efforts range from public education programmes, to investing in new legitimate distribution channels, to business models that leverage on technology to meet the changing needs of today's consumers.'
Technology to circumvent copying is not new. Since 2000, music labels have introduced CDs with various copy prevention schemes. Most of these are playback restrictions that aim to make the CD unusable in devices that can also be conveniently used for duplicating (such as CD-ROM drives in computers), leaving only dedicated audio CD players for playback.
The EMI spokesman said: 'EMI already uses copy protected CDs in many markets, it has released more than 130 million discs with such technology to date.'
He added: 'In certain markets, we have taken action, via our industry bodies in the courts against individuals that are illegally acquiring our music. We have also taken action against individuals and companies that facilitate the distribution of illegal music and profit from it via the courts.'
Not surprisingly, many music lovers feel that these CDs unfairly attack innocent CD buyers.
Ms Bella Koh, 16, a student from Presbyterian High School, used to download music online. But she has gone back to buying CDs out of respect for artistes.
When asked about the new software, she said: 'Since I paid for the CD, it should be my right to use it as I please.'
Mr Tim Misir, 21, a music enthusiast studying at the National University of Singapore, agreed. 'Similar methods have been tried before but failed. Record companies should realise that fighting against their own customers will never get them more customers.'
Worse, there are fears that such methods might inadvertently drive legitimate CD buyers to illegal downloading.
The new CDs are currently not compatible with Apple iPods, which could deter hundreds of iPod users from buying them.
Sony-BMG and EMI are reportedly in talks with Apple to try to solve the problem.
How long the technology will keep the music pirates at bay remains to be seen.
Already, members of several Internet forums are suggesting possible methods of going around the software, showing that hardcore pirates are undeterred by sterile burning.
Some believe the technology does not go to the heart of the problem. Mr Misir said: 'CD lovers would pay for a quality album, but too many mediocre artistes release albums with only one or two good tracks, driving people to download those selected songs.'
http://it.asia1.com.sg/newsdaily/news001_20050711.html