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Toot their own horn?? What do you think Peter et all have been doing for the past three years. The trouble is when you consistently sling bullshit your credibility suffers and that's what has finally happened with Sunncomm... ironically enough at the very moment when most of the hype is actually becoming reality, nobody is left that believes.
Patience grasshopper.. this too will change and yes the merger is necessary step one as we can then begin to book the new revenues and a few people might even believe us once we're fully reporting.
Meanwhile, if you want to make some quick $$, take a hard look at Spatialight (HDTV) and do your own DD... here's a link to help get started:
http://gom5.com/hdtv_info.htm
Fwiw there were buyout rumors being floated over the weekend and while I don't usually put much credence in rumors, the eventual fate of Spatialight as with Sunncomm, is to be gobbled up.
MVSN would be the only logical candidate imo and woul do so only to protect their turf which I believe they see as DVD's... enter that market with some success and you'll see an offer for Sunncomm or MediMax or whatever they call it by then, moments later...
Now you understood why my level of frustration rose to a level where I could no longer stomach the prozac pills the company was handing out every day... the trouble is, once you've lost your credibility, it's exceedingly difficult to ever gain it back.
Peter is his own worst enemy in this regard. He is wildly optimistic and visionary and truly believes the things he says WHEN he says them, however I've come to understand that anything he says needs to be taken as if it were a promotional feed on a Radio station.
On Sunncomm the only thing I will believe will be actions... BMG has begun their rollout, this is easily verifiable at any music store.
Apple is working closely with MediaMAx5 on ipod code... while I can't tell you how I know this, I am confident enough in my sources to consider this as a completed "action".
Most of what you ask I can't comment on as it's privaledged info, however suffice it to say there were some contractual reasons we were able to obtain what may be worthless anyway.
I agree that with DarkNoise we would command a much higher multiple, but MediaMax5 alone is compelling enough technology (especially with the ipod code) to entice the labels... just look at the success Macrovision has had with DVD's with a much less than perfect copy-protection scheme.
I am not counting on DarkNoise to make my investment worth what I paid for it...
1st4Internet is dead... period.
Apple ipod code is in MediaMax... period
Universal & EMI will be on board shortly.
As to BMG... lets just say I have better sources than speaking to Mario...
Nothing quick here but the stock is stupidly oversold at these levels. Once the corporate stuff is resolved (August) the rest of the pieces will begin to fall together... patience is the order of the day, that's why they call it "investing"
BMG has enough correlation now with MediaMax to not be blaming it for the dropoff in sales... in fact the effect is the opposite. Filing things on time has never been Sunncomm's strong suit.
Don't look for any comment from Apple that they are working with us even though they are... it's a cruel world gang.
Speaking of cruel, cgibellino is making exactly the same points I was making all last year when you guys wanted to tar & feather me for not being just another cheerleader... so how come you're not running him out on a rail too?
The corporate structure remains a nightmare of epic proportions but thankfully will eventually be resolved... I'm hearing August so figure Nov/Dec time frame to be safe.
BMG loves us so be grateful for small miracles... once the corporate stuff is done we will be able to show real (and growing) revenues and that's the metric that drives stock prices. I doubt that this is ever the "homerun" some were/are hoping for but from these levels I still think a 10 bagger is realistic eventually... patience grasshopper
Shameless plug... CNHC, HDTV
Hey gang... as I last told you, things are a lock in scummeee land as they're about to take a bite outta the big Apple and BMG is finally serious about ramping now that MM5 is done to their liking...
Here's the next play, Spatialight (HDTV) trading around $5 and you won't have to wait long for the move coming... here's a link showing one of the LG Electronices LCOS based TV's using the Spatialight LCOS chip to generate the display... very very impressive.
http://gom5.com/hdtv.htm
Nope but you will know when it does and I don't expect they will keep you waiting much longer...
Thanks for the kind words, Sonus
correct
Many things are not as they seem and will initially appear confusing or even contradictory until all is revealed in due course. I am currently satisfied that we are tracking an inevitable course that will reward shareholders 4x to 5x from these levels using realistic metrics.
F4N is dead in the water
Most of what you only dreamed about is in fact either happening as I write or about to.
Kudos to Peter... while I am not in agreement with the path he chose that brought us here, we have nevertheless reached our destination on his watch.
This will likely be my last post as things should begin to fall into place rather quickly and yes I am buying back the shares I sold and more. Good luck to all and I apologize to any here whose feathers I may have ruffled from time to time.
sahd3g, this is one reason I cautioned you on your enthusiasm. Sunncomm has made such a mockery of shareholders and violated so many corporate covenents for so long that now the stock is in a show me mode. Worse than that, the only ones buying are nutcase bulletin board freaks like us, with essentially little to no buying power, while on the other side, the people shorting this are powerful Hedge Funds who have nearly unlimited capital.
By over promising and under delivering they have destroyed much if not all of their credibility with Wall Street and the corporate structure remains a mess.
That is why, the earlier poster was correct when he said it will probably take a major event such as Apple/Universal etc to drive the cockroaches away and then they will have to fix the corporate mess before they can draw in institutional money, which is what will likely push the stock higher.
However, it now appears to me that we are finally at a point where much of the former sins will be exonnerated due to circumstances.
Still waiting for the second of three events to transpire
>> Am I safe to assume that this PR WASN'T one of the other 2 items that got you excited about SunnComm again? <<
Correct again!
>> Would love to be wrong and see the pps rise, but IMHO we need something bigger like Apple IPOD compatibility, GE affiliation, major short covering, and/or BMG & Universal rolling out! <<
Correct
lol.. and here I thought it was "next week"
I don't run this board and I'm not deleting your messages
Sahd,
I agree completely with your post... I'll even give management the benifit of the doubt here as I truly believe they have always tried to make things work out for shareholders even if misguidedly or far too promotionally.
I still think this is going to take a little longer than most are expecting and another reason to try and keep the expectations in check... but I am the most excited I've been in years.
Does anyone have any insight into DarkNoise? Is it still being pursued or was it quietly stuffed in the drawer? The technological promise of DarkNoise would have set us apart in such a huge way as to be nearly incalcuable and was certainly a factor in my earlier optimism when I was being told the technology was a lock... sigh
Hey, I seem to recall apologizing to you in private and public at the time... you were completly correct and I was wrong... my sin it would seem was in believing management at the time. The only difference is that I never attributed any of their hype to bad motives ie a scam... I still believe Peter actually believes everything he says, when he says it. He is very convincing when you speak to him one on one as many here know.
I sent you a private email to this effect but you may not know it exists, I did not until tonight so I apologize to those of you who sent me emails in the past that I did not respond to, including sahd. One thing is odd, when I try to access these emails and some sent just a few days ago, all I get is an error mesg. If I can figure out how it works I'll respond to all emails already sent.
In the past I was unwittingly repeating hype and so perhaps, like a smoker who has quit, I am overly sensitive to it now, however that doesn't change what is happening now and I do think it is in all of our investment interests to dumb down the expectations/hype somewhat... at least from a boil to a simmer. Anyone who has been here long enough can attest to the effects of failed expectations...
We all know this could be a goldmine if the right things fall into place. I remain hopeful they can pull it off.
I don't disagree that it's possible, but not sure realistic is the correct way to describe setting projections well in excess of the companies... recall not so long ago, Sony was inexplicably looking to go with F4I. That was certainly never contemplated and there could be numerous other shoals to contend with, not presently expected.
Don't lose sight that this really is a David vs Goliath story and as such the odds makers aren't betting on us... why else do think the Hedge Funds had targeted us so aggressivly in the past?
Merlyn,
It would only be logical for them to announce something, assuming they have something, prior to the meeting... given that they've moved up the schedule dramatically, one might conclude that there is a development of some import that has accelerated the schedule and therefore one would expect to hear about it timing wise, right before the meeting... reasonable conjecture imo and consistent with what I am hearing.
>> I hope for closer to a billion this year with Univ Music Group.....PLUS DVD's.
DVD Media Max. Q2 '05?!?!?! <<
Why do you not simply accept what the company is forecasting?
As to DVD's, it's taken us 3 years with a working product to get to the point where we are selling any... with DVD's we don't even have an announced product at this time nor do my sources confirm that we are even working on a DVD product AND we have to unseat the existing provider of copy-protection, Macrovision who I am sure is not going to simply roll over and play dead.
Do you really consider your comments to be even remotely realistic?
>> Do you think 1 will be substantial enough to get us at least to .10 again? <<
Yep
>> What do you think of the pending Howard Stern investing rumor, and a Kiosk deal? <<
Howie baby would bring in new buyers no question, so I hope so... as to kiosks, this has been part of the plan for a long time now. I'll believe either when I see a press release to this effect.
>> touting F4i landing a major this year <<
I heard they had some traction at Sony and then blew the opportunity with playability issues... any competitor still concerns me though and the fact they were able to so easily get a place in line ahead of us seems the least bit disturbing.
>> Wouldn't QTIG need to acquire SCMI, vs a merger, to prevent carrying over any SCMI skeletons? <<
As I understand it the thought process leaves Qtig as the surviving company for obvious reasons.
One of them, yes... not certain on the other
I view this as a decided positive that they are moving up the schedule
Basically you don't want this to end, so I'm up for it. So far you have posted nothing of any value whatsoever besides pure speculation and conjecture and your behavior in this forum is boorish, snobbish and insulting.
There you go again...
So if I don't subscribe to a good news only agenda, constantyl hyoping only the positives, then in your mind that is apparently fair & balanced?
The F4I stuff came out of left field and should concern any rational shareholder. It may prove to be nothing but amazing how someone as savy and astute as you obviouisly are, could ignore any potential threat to his investment, regardless of how tiny it might be.
Of course you've only been around for 2 weeks, but there was a time we were being told that we were buying F4I and then the party line was that their technology had nothing to offer after all... that press release from Dec would seem to indicate otherwise or wasw the journalist just being negative against Sunncomm by reporting facts?
Doesn't it worry anyone that F4I seems to be moving so quickly and getting decent press like this and seemingly right in our own backyard?
Not sure how long you've been investing but I've been doing this for 30 yrs and while you sound quite confident in your statements, and make them as if they are fact they're just not... hedge funds mostly short. When they do go long it's usually because they have inside information... the hedgies play outside or at least skirt the laws that bind most of us and to date the SEC has mostly turned a blind eye.. who do you think is responsible for all of the naked shorting?
Name me one aggressive mutual fund who's charter doesn't preclude them from buying non-reporting pink sheet companies? Most funds won't even own a stock under $5 though there are exceptions to this, but what you are saying is simply not true.
>> Reverse splits are perceived as a negative. <<
I'll have to admit that this was my same belief before I googled the issue. This was a commonly held Wall Street "rule" that I was well aware of... only it didn't turn out to be true. I guess you're not going to bother to look it up though...
Anyway, and I can hardly believe I'm saying this, if you sell on news of a split, I suspect you'll be quite sorry. Should this even happen, it is hardly imminent however.
>> I don't think its realistic to think we can go from a pk stock shunned by retail traders to having institutional support. Retail, aggressive hedge funds, aggressive growth funds will need to carry this for awhile IMO. <<
Hedge funds are NOT long on this stock, if they are here at all then they are short. No "aggressive" mutual fund on Earth would own a non-reporting pink sheet company and not because they don't wish too, but because their charter precludes them from doing so as well as their general council that wish to protect the entity from lawsuits.
Which leaves retail. Currently most shareholders here have been here a long time and own just about as much stock as they can stomach. What the company needs is NEW investors and *IF* we are able to pull off some large event such as signing with Apple for iPod compatibility or connection to high profile individual investors etc, then there is a decent chance of bringing in enough new buyers to push the price higher.
>> If I see a reverse split coming in a few months...I would probably sell quite a few shares <<
Now it's ME that's the bullish one? Look, first off you won't see it coming, second it will only be done into a rising scenario. Seriously, if you will spend 20 minutes on google researching reverse splits you will come to a much different understanding than you presnetly have.
Again, no reverse until after the merging of the two companies and only then due to Amex requirments for share price.
>> The central point at issue in my recent tussle with StehSucker was that he continues, over and over again, to hypothesise a reverse split, claiming that there is "no other option". <<
I didn't begin the reverse thread, I was simply trying to help provide some clarity/insight as someone asked for it on the subject... then you attacked me personally.
There IS the option of remaining with too many shares outstanding, it's just not the BEST option. Management has finally seen the light but I believe it's more due to listing requirements that good sound corporate governance.
>> If I was asked to name one point on which the policy of management has been clearly defined, it is that. No reverse splits. It's a point of honour on the mental horizon of management. <<
What you say is true to a point. Check with your "sources" and I believe you will be apologizing to me. Things change, especially with this company.
If you guys want to end the war of words, that's fine by me, I'd rather discuss whats going on with the company anyway since my 250 shares I really hold are so important to me... thats sarcasm in case you missed it.
>> (most notably, StehSucker) totally and utterly fail to "realize" that "the product is becoming widely accepted <<
Thanks for posting for me, but my own posts do not agree with that statement. I have been very negative regarding management and those of us that have been around long enough fully comprehend why.
As I have already stated, it is my firm conviction that this thing is likely to work out after all, despite managements best efforts to the contrary. Sometimes you're better off lucky than good, though good AND lucky is always preferable.
I have also been very negative on posts that are simply hype or wild conjecture. We've had nothing but that for three long years and the rumors are endless and seldom realized. When things are written as if they are facts already, ie most of sahd's posts, I can't see how it is a good thing to allow that to remain unchallenged.
That I am not a simple minded hypster, yet still believe in the potential, seems to have been totally lost on you. When the company puts out a press release then it's FACT, until then it's hype/rumors or speculation. Speculation is fine and even rumors are tolerable, but we've had far too much hype on this and RB already.
>> Reverse splits have negative impact the majority of the time 12 go 18 months after they occur <<
That's simply not true, though I too thought it was before I did some google homework over a year ago on this sunject... this is one of those accepted Wall Street myths, but upon researching it, I believe you will change your stance, which right now is not based on facts.
Again, the reason you WANT to be on a real exchange is to pick up institutional support... those same folks alos like to see the corporate structure cleaned up, ie not having way too many shares outstanding. There are sometimes exceptions to this rule too, witness SIRI recently with nearly 2 billion shares fully diluted.
However, the current rage on Wall Street in to find low float stocks with rising revenues. In any event, we are a much more attractive investment when we fit all of the base criteria professional investors insist upon.
That's not saying we couldn't buck the odds, but the percentage play is to conform to Wall Street expectations AND that is exactly what is now contemplated for Sunncomm by management and believe me, this has been a long time coming.
>> Having more shares out can increase the liquidity of the stock which is very important to attracting investors. <<
That is an extremly naive statement, and would only be true if we were speaking of Sunncomm having only a few million shares outstanding, but 650 million is ridiculous. I'm not sure how long you've been around Wall Street, but try calling a professional in the market and ask them about Sunncomm... then pause for the laughter. Doesn't mean we can't make it work, it's just easier if you conform to the norms rather than try to buck the headwinds.
Btw, I was answering questions regarding the reverse split and how it might be enacted, it's effect (zero) and such... I didn't begin the thread as I view the reverse as a non-event, it's just you and sahd that are getting all worked up over it.
Last time I looked, this wasn't your personal board
>> OK, "Stehsucker", you have decided to call my name and reputation into question -- <<
Hey, you and your buddy, if not alter ego, have been taking cheap shots at me for days and suddenly YOU have your back up? Perhaps you now know how it feels, I don't like sahd's insinuations very much but why would I expect anything less from him?
If you're not the same poster then fine, I just find it curious how you both tag teamed all of my posts. Perhaps all that you have in common is a lack of civility?
Agreed... this doesn't happen till half a dozen other things are in place
Institutions like the corporate structure to be reasonable... 600+ mill shares outstanding is NOT reasonable. Soooo, if you wish to attract the big bucks into your stock, you do the things necessary to make that happen.
Reverse splits are neutral events, so I don't see why all of the angst over a benign event. We have too many shares outstanding and the sooner we fix that the sooner we are one step closer to behaving like a real company.
Makes me wonder why the alj/sahd entity is making such a fuss. Personally I would love to see this reversed back to around 20 million shares outstanding but I doubt we will ever see anything that severe.
Low float stocks are all the rage on Wall Street now and attract numerous buyers... but then, brilliant investors with genius trading acumen already know this... right?
alj, I will expect a public apology when the reverse occurs but given the class of individual you are, I won't be holding my breath... nice cheap shots between you are your new best friend
Btw, you might want to check your facts with people who have actually heard recent comments by Peter and you wouldn't be so quick to make a fool of yourself in public.
>> Its not a good idea as most reverse splits do not work out for investors. <<
Really? and what research do you have that supports such a definitive statement? Could you post us a link showing research that supports that most reverse splits don't work out?
Many reverse splits come about due to companies running into so much trouble that their stock price craters to obscene levels. In an effort to either stay listed or prop up their stock, sometimes companies resort to reverse splits which are revenue/equity neutral but reduce your total shares you hold.
Say you have 1,000 shares of XYZ Corp and the shares are valued at $1. You have an equity value of $1,000.
So if XYZ corp were to enact a reverse split of say 1:2, meaning for every two shares you have, you would now have 1 share, your total share holdings would shrink to 500 shares but now valued at $2 so your equity value remains unchanged(500 x 2 = $1,000).
The rub is that the $2 share price sometimes erodes back to $1 so you have accomplished nothing... this usually happens when a company has underlying structural problems that are so big it is difficult to support any stock price.
I did a brief study using google several years ago on reverse splits and the conclusions I arrived at were murky at best... in the end every situation was different. Companies that reversed into strength, ie rising revenues, significant news etc tended to fair just fine while weak companies generally suffered even worse share depreciation.
>> I would be wary of the motives of a shareholder with a large stake in a company posting a subject line that there will be a reverse split. <<
Maybe it's because THIS poster is not trying to hype and pump the price. Maybe THIS poster didn't show up two weeks ago. Maybe you need to do more homework or get better sources, before you post nonsense and attack the credibility of others.
I would be wary of any new poster engaged in an unrelenting pump campaign of hyping the stock on a daily basis.
Nuff said...
I thought you said you had wonderful sources? This post clearly suggests you are unaware of whats going on, but even If I had zero sources, I could have come to the same conclusions because they really have no choice... sometimes there really is only one way to skin an apple.
>> there is nothing wrong with staying on the otcbb for a while <<
Nope, nothing at all... unless you want the stock price to rise substantially, be able to attract institutional investors into your stock and to be picked up by mutual funds... but I guess a "savy" investor would already know that, right?
There will be a reverse in the future but most likely after we're one company again. The moves here are transparent because frankly they have no other options... Sunncomm has to be rolled into QTIG and the resulting mess has to be reversed in order to qualify for Amex listing.
The merger would be cleanest if there were share price parity between the two entities but that doesn't mean there has to be, just that it would be cleanest.
I also agree that moving up the shareholder meeting timing is likely significant (and positive)
Reverses are not all created equal and is not necessarily something to be dreaded, particularly if we are riding on solid (good) news and revenues are beginning to be recognized.
This cake is going to take some time to bake, as I am oft prone to post, there are numerous issues that need to be resolved and assuming they are, this has the chance of becoming a real company.