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Thank you Bull.....
The abrubt dissolve of this business relationship lends many assumptions to investors. I too share the innocent until proven guilty sentiment. To see a smoking gun throught the web of deception will most likely prove impossible. There is only a cloud a smoke awaiting investors behind those closed doors.
Perhaps its my own negative experiences in the penny market that has spawned my pessimistic view of this issue. A matter of fact is that Attorneys on both sides of this will certainly bleed both of these organization dry. ONYI or USSE simply cannot afford a lengthy legal dispute and maintain the capacity to become profitable.
Therefore dilution must follow to satifsy legal expenses. Should a lawsuit be awarded in months or years to come neither of these organizations contain the capacity to pay. Their just not worth anything and end result would of course be Bankrutpcy.
It is immaterial from an investor perspective who is innocent or guitly. We should examine the leadership values that are the real issue. Chris, Taylor and whoever else may have been involved effectivley just destroyed both companies with this dispute. Quality leadership contains vision and the ability to facilitate it. Who did what to whom makes no difference; it doesn't take a genius to see this is a power dispute. Excellent leadership would have afforded all of us the ability to "fish for a lifetime" in a manner consistent with a postive direction. This matter clearly states selfishness, greed and poor decisions.
Hey, I can take a schiznit in a box and call myself CEO, CFO or whatever I want. Self appointed titles are less than admirable from my perspective.
Good luck to you and all as well.
I hear you bull......
I'm not out to taint Christianity with my slander. I really have no business hanging around here slamming the scam brothers other than the fact I'm pissed they stole my money but it's not the first time I made a poor investment decision. I respect spiritual choices. I only take issue with two people who tout spiritual values then rotate those same values in vain.
Simply put, if you're going to make a lifesyle of scamming innocent investors out of their money don't use god to back to your evil. I'm only a mildly spiritual person myself but this is as low as two people can go.
My slander is only meant to be directed at those individuals who blatently slaughter appropriate values. I only have ONYI spinoff shares now as I sold JMCP for what it was worth last Friday. It looks my spinoff will be disappearing too.
"The Christian Value Brotherhood"
It was only a matter of time.
haha.....
Tried that too elcheepo; there's just nasty.
Oh common Billy....
Taylor and Chris "The Christian Value Brotherhood" They could never lose credibility. Remember? They're Values dicated it was OK to stick you with 2 years worth of Restricted shares and dilute it to death. They're values also dicated that they could line their pockets with a fresh supply of new suckers from a slush fund replenished with your money.
Don't forget Billy....THE BROTHERHOOD DID YOU A FAVOR by not reverse splitting JMCP and your ROI has increased right? Did the brotherhood tell you what's it's going to cost to covert those restricted shares? More than they'll be worth in 2 years buddy.
Oh but not to worry bcuz ONYI will take off and be worth $190/share in a couple of years and we'll all be millionares becuase the whole world will be running on Ethanol; that must be why the brotherhood is investing in Oil.
ppptttthhhhh........NOT!!!!
I'm with you Billy.....this deal stinks worse than my Cat's litter box after a bowl of Fancy Feast. I'm gonna get some flippin free Corn out this deal if it's the last thing I do.
I may be able to help with the AMEX debate here. Just browsing through this thread last week I recall someone stating $3/share minimum for PLNI to uplist and RS is a must bla bla bla.
If you have time take a look at the history of American Water Star. They started as AMWS and uplisted from pinks to AMEX as AMW then were de-listed for late filings so they are once again AMWS back on the pinks.
There's of course a lot to the whole American Water Star story but my only point in bringing this up is that AMW was NEVER $3/share while they were AMEX listed. In fact in their best day just after Hurricane Katrina they barely made it to just over $2.
Of course this is a great example of another one my lousy pink investments but I think serves a purpose as an example.
Any CEO named Frank may not pass GO or collect $200.
Worthless Securities Form (2)....
Some folks on the board asked that I post the results of sending in the Worthless Securities Form through ETrade since QBID cannot be sold even @ Market.
I mailed the Form in to ETrade on 12-13 and recieved a confirmation of Sale this morning via email. I verified in my Acct Records that QBID has been reliquished. Per my original message there were 2 requirements to declare a security 'worthless'. THE STOCK MUST HAVE NO BID "AND" (not or) NO AVAILABLE MARKET.
The details indicated that the stock was sold @ .01 but obvioulsy this was a bit inaccurate. I think ETrade's Sell Form just doesn't accomodate ALL the extra zero's...haha :) Please note I'm not encouraging anyone to Sell with my posts nor am I attempting to discourage anyone from buying.
Hypothetically if I were a prospecting investor I might take note of the FACT that QBID currently has no bid AND no available market; at least according to Etrade.
Thank you and good luck to all who are still in. I wish you success. Happy Holidays
What's next!!!
Just when I thought this couldn't possibly get any more ridiculous. Here's a message from another virtual board:
From: A fake group [mailto:buthead_investors@ nearlystupid. net]
Sent: Monday, December 19, 2006 6:27 PM
To: xxxxxxx
Subject: QTN Nigeria
**Rumor has that Ron Jeremy will be producing a Rap Video with Ice Pick and 80 Cents for QTN Nigeria. Also there may be a road stand selling special ink to restore counterfeit money in case anyone is interested.
This is EXTRMELY hush hush stuff. Now, go to the store and buy an oversized pump action bottle of loob for ur pooper cuz your gonna need it.
No problem,
I'll post as soon as I recieve a reply.
Worthless Securites Form...
Been trying to sell this one @ Market for quite some time with no luck. ETrade has a very short and simple 'Worthless Securities Form' on their website. It's located in the Tax section of the site. I filled it out and mailed it in yesterday.
The Form inicated ETrade would relinquish or sell the security on my behalf for a $5 Fee. The Stock must have no bid and no available market. Obviously the no bid part is not a problem but I'm not too sure about the no available market part. I'll see what happens.
Dear Santa......
I've been a good shareholder all year. For Christmas I want a structured debt repayment program to send to Frank Olsen and Lloyd Fan.
thanks
jc
I survived being Burgessed
LOVE IT!!! LMAO!!
K9Narc....you are correct
I have thrown in the hankie for sure....
I only owned 350k shares from PRRM + now I'm stuck with the BPWW divi from way back when too and it's going to cost me about $50 bucks to unrestrict and get rid of those. I've held since 05' and waited around to see if anything would happen in 06' for SMMW but obviously not much.
I bought 350k @ .0002 I think the sell was at .00002 (extra zero). I hate to sound negative but it was just time to dump this turd. My situation is a little different in the fact that I'm probably just going to get out of the penny game altogether. I'm considering holding one last penny through 07' but I doubt I'll even do that. Just to let everyone know how dumb I really am here's a list of the final stocks I'm dumping:
PLNI 35k(considering hold through '07)
QBID 100k(try not to laugh too hard)
JMCP 1.1M (the latest scam that was the icing on the cake for me)
End of the Year......
Decided to throw in the towel on SMMW and take the loss folks. Sold it all today. Good luck to everyone. I hope I'm wrong and Dan comes through! Time to move on for me.
- Mote
Really??......
I don't pay much attention to it anymore obviously. I've gotten past being bitter and angry and moved on to the acceptance stage of my loss...haha!
A very small part of me wants to hang on and see what happens next year but I can really use that loss for 06 taxes too. Actually I've done so poorly in the penny market I'm considering throwing in the towel altogether and save money the hard way like smart people do.
Rich735....
I'm looking to do the same for end of year. I didn't realize QBID was technically de-listed. I located the Worthess Security Form on ETrade. I guess since it's really not possible to even sell at Market this would be the only way to get rid of it??
I still see volume for the stock on my streamer every once in a while so I thought it was still "technically" tradable? I guess I'm just a little confused but thanks for the info.
All I want for Christmas...........
Is a copy of Frank Olsen's mug shot!
Email response from Taylor Moffitt
Sent in a general suggestion and recieved this response from Taylor Moffitt. Obviously I don't know a lot about Business but I like the response and it was prompt. See correspondence below:
Thanks for the note! The dividend is 100% stock, no cash. It's restricted so we can't sell it. Aside from that, it is part of our greater plan. We'll have more news soon.
God Bless,
Taylor Moffitt
-------- Original Message --------
Subject: Divend Announcement: Suggestion
Date: Wed, November 08, 2006 10:44 am
To: <info@jamesmonroecapital.com>
Long term shareholders very much appreciate the proposed Dividend of ONYI announced today 11-8-2006. A popular suggestion from various message boards submits James Monroe Capital to consider alternate business tactics for the 16 Million Dollar funds. Long Term shareholders would much rather see these funds directly invested into the growth of James Monroe Capital rather than hold a restricted dividend of considerable risk.
Probably true bobky.....
I was reading through some very old PR's and PRRM made several supposed attempts to catch shorts without success prior to becoming Summus Works. I do of course try to remain optimistic as a long term shareholder that the latest attempt will be met with success. The SMMW business growth plan as it pertains to the dividend is far to complex for my amateur investing skills.
A second cost inhibitive dividend does not constitute a "continued committment to shareholders" as Summus continually suggests. If AHDG is truly a benefit for all shareholders then Mr. Burgess would of course gladly except my free shares of such a valuable company correct?
I have remained committed shareholder for over 2 years and the time has come for Summus Works to demonstrate their committment to me. I will not accept a second abysmal bribe. Summus WILL hear my voice this time. I'm sure Investor Releations is falling out their chairs laughing over my message at the moment!
AHDG Divendend: Message to Summus from Website
I just sent this in a few minutes ago:
Please DO NOT distribute the AHDG dividend to:
Jeremy Contreras
Shareholder of Record
I continue to hold the former share dividend distributed to me by Prime Rate Investors (PRRM) orginally NHGP to later become CMSI and currently BPWW. After 2 years (PR Dated Sept 24, 2004 below) the costs associated with conversion of these restricted spinoff shares continues to outwiegh the value by 2x.
Please inform Mr. Burgess I hereby formally offer to surrender my AHDG share dividend directly to him in exchange for a one time cash value dividend. As a long term shareholder I appeal to the confidence of Mr. Burgess' recent business dealings with AHDG to find my exchange proposal beneficial.
As stated in the Press Release dated Sept. 28 2006 "Preventative Costs to Shareholders" was not considered by Prime Rate Investors at the time of the original NHGP dividend. I hereby request Mr. Burgess to approve good faith payment of no less than $100 to each beneficial shareholder in reciept of the original NHGP dividend. This request is in consideration of costs associated with the coversion of restricted shares, broker fees and paralell with Summus Works continued shareholder committment.
STOWE, Vt., Sep 24, 2004 (BUSINESS WIRE) --
Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that Richard Astrom has purchased certain assets of Tampa Bay Mortgage Services, Inc., a wholly owned subsidiary of PRRM in exchange for all of his common stock in PRRM as well as the common stock of other majority interest shareholders in PRRM.
PRRM completed a share exchange and purchased a television station, Stowe TV-10 in exchange for 15 billion shares of PRRM paid to the shareholders of Stowe TV-10. Stowe TV-10 is now a wholly owned subsidiary of PRRM. PRRM then sold its wholly owned subsidiary, Tampa Bay Mortgage Services, Inc. to National Hospitality Group, Inc. which is traded on the Pinksheets under the symbol NHGP. In this transaction, each shareholder of PRRM on record at close of business
on September 24, 2004 will receive one (1) share of NHGP for each 100 shares of PRRM owned on September 24, 2004. Damian Guthrie, president of Tampa Bay Mortgage Services, Inc will remain president of Tampa Bay Mortgage Services and is now the president of NHGP. The present officers and directors of PRRM have resigned and the new President is Daniel Burgess, the Vice President is Ian Lamphere and the Secretary is James Morris. Burgess, Lamphere, and Morris are also new directors of the Company along with Pierce Williams.
Im always the first to say I'm no expert (obviously) but in the 4 years of being an unsuccesful trader everytime I sit and watch 9mil share blocks go through on the Marketcaster it's been total dilution and that's what I viewed today in the last 30min of SMMW Trading..
I hope it's not since I've been sitting on this stock since it was PRRM.
Someone call the TA:
9mil share blocks falling from the sky to the tune of about 200mil approx. I smell dilution...
I bet Dan just renewed for more "coverage" of Summus. Expect your Inbox to fill up and nada PR in the near future...
Sorry I'm just frustrated!
Here is a blurb taken from Pinksheets:
SMMW -- Summus Works, Inc.
Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
StockTargets Inc.: Investor targets increase on Summus Works, Inc. stock (Pink Sheets: SMMW) following a recent analyst recommendation
Oct 12, 2006 (M2 PRESSWIRE via COMTEX) -- Geneva, Switzerland, and Dover, Delaware, USA - StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past few days on Summus Works, Inc. (Pink Sheets: SMMW), following a new recommendation.
Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by TTS Zurich. Investors now forecast the stock rising to US$ 0.0007 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.0005 recently.
The 12 months target by TTS Zurich for the stock is US$ 0.01, which represents an upside of 9'900%. These different targets can be reviewed by clicking the following link: http://www.stocktargets.com/cgi-bin/ticker.pl?command=smmw.pk. Targets indicators on stocks are an aggregate of all the news, sentiment and forecasts available on the company at a given moment in time, as perceived by investors. Summus Works, Inc. website is http://www.summusworks.com.
Summus Works, Inc. (OTC.PK: SMMW) is an outdoor sports and multi-media holding company. Its subsidiaries include RSN broadcast affiliates Stowe TV-10, Adirondack TV-33, and Steamboat TV-18; as well as High Angle Media, a video production company; the outdoor adventure television series BCTV; and Stockli Ski USA, the exclusive U.S. distributor of Stockli Skis.
About StockTargets, Inc.
StockTargets, Inc. (http://www.stocktargets.com) is an investment banking and investor relations firm. Its Web site records all participants' sentiment, expressed as targets by its users. The StockTargets system, by building an investor sentiment indicator, attempts to gather and determine an measurement of all entries of users. The user's consensus target can be compared to targets provided by professionals, such as brokerage firms, analysts or fund managers. StockTargets Inc. was founded in 2005.
This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. All trademarks mentioned in this text are properties of their respective owners.
CONTACT: Sean Kelly, StockTargets Inc. Tel: +41 22 700 7648
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD
NikkiBaker...
Speaking of small investors I am one of them. I wrote Summus this morning and asked them specifically NOT to distribute their worthless AHDG dividend to me.
I'm no investing expert by any means but there are costs invloved with these share dividends. I assume each shareholder will recieve a small amount of AHDG 'Restricted' shares which will be off limits for 1 year. When the restricted shares technically become tradeable there are costs invloved with the TA and your broker to 'un-restrict' the shares (it's not free or automatic). The costs almost always outweighs the value...
My experience was with a 500 share BPWW dividend I recieved a couple of years back. I don't recall who I recieved them from but they are still sitting as restricted shares because it's going to cost me at least $50.00 to 'un-restrict' them.
BPWW is currently at .05 and barley even trades similar to AHDG. So my BPWW 500 x .05 = $25.00 assuming I could even sell BPWW for .05 in the open market and not even considering the commission fee. Well..there you go. Summus can keep my shares and have a nice trip to the Dollar Tree to fill up everyone's Candy dish in the Corporate Office.
I'm with you Cabo.......
I doubt it would ever come back from the dead because there's too much water under the bridge with Q. Sick as it may be; I'm actually only holding on to my shares to see if someone accidentally files some kind of Law Suit or something and maybe I get to see a couple of bucks or get another stab with some free shares to another POS pink stock. Either way if nothing is said or happens by end of the year then I'll go ahead and declare them worthless. I know..........my attitude stinks.
Worried or Excited?
I'm not sure which one I should be right now. I'm seeing 18/19 on the Pinksheet L2. Was this a big sell off??
Wow!
I haven't been phucked like this since grade school.
It's with my Bank. Union Banc of California Investment Services. I still have the acct but I don't use it anymore; I moved over to ETrade in late 2003 and transferred all of my equities but the BPWW spinoff shares went into my old Brokerage Acct (a timing issue).
I only started trading online with my bank because it was really quick and easy since I already had other accounts but soon found out their services were not very favorable in pennyland.
No problem STRIPER.
The Customer Service rep I spoke with this morning also informed me that he started first by contacting the TA for BPWW and was told they could not assist him with my request for information.
The Rep was then directed by his manangement team to request information directly from BPWW and request Paper Certificates for the restricted shares on my behalf; this was all of the information that was communicated to me.
Hope to have more info for everyone by the end of the week. I'll post to the other board. Thanks.
BPWW spinoff shares?
Anyone know details? Originally it was supposed to have been restricted for one year which has long passed. Do they become restricted again because of the name/symbol changes??
I contacted my Broker this this morning and they said they could find out the details but it's about a week long process of formal written requests to Big Apple, certificate copies etc. which all has to be done through their corporate office. The customer service rep said he would call me when he recieves answers, I'll post the info.
I've always been curious as to the what the 'Criteria' is for a startup network to recieve Carriage especially from Comcast, Brighthouse, Time Warner, Verizon etc.
I found a little information on the subject today and apparently you DO have to prove that you have funding before anyone will consider a new network. It's dated June 2004 but I found it an interesting read.
Here's a blurb:
By virtue of its size, Comcast has become the diginets' kingmaker, with the power to make or break a digital network. Without a carriage commitment from Comcast, it is difficult for start-ups to raise the investment capital they need. That's "at least $3 million, but more like $5 million" to get them started on the road to $100 million with "very deep pockets of their own," estimates Rasenberger.
Here's the link:
http://www.cableworld.com/cgi/cw/show_mag.cgi?pub=cw&mon=062104&file=attentionnewnetworks.ht...
My Dog meter is barking.
Ask and you shall recieve..
Dang! Thanks so much......really appreciate the information. I'm updating my bookmarks.
Thanks for the quick reply.
Scared me there for a second!
Website for PRRM??
I may be a little behind on my reading/research but I was attempting to pull up the website for PRRM and it's not there?!
I was using http://www.prrm.us and nothing, only shows. Has it changed or is it gone?
Quote from Josh Fountain in US NEWS September 19 issue:
Hi everyone,
I don't post much but I was just doing some reading about Katrina in the September 19, 2005 issue of US News and happened to stumble across a little blurb on Page 10 under OUT LOUD. I'm looking at it right now and here's how it reads:
"I want to be the gay Dan Rather, except better-looking"
Josh Fountain, the new anchor for the gay-oriented Q Television Network on cable TV
I agree with you gorbec1; just from a general perspective it would seem that a company involved with mutliple projects would have a lot of information/updates to continuously report to their shareholders. I remain optimistic in my thought process even though I'm a bit frustrated at the moment. IMHO no news can be good news and my thought is that there are likely quite a few updates they want to release but need the timing and information verified/reviewed by all parties involved to accuratley reflect the progress of the company. I've always read and heard that the end of the year is the most productive for the market in general and I would expect good things to be forthcoming in the near future.
At this point I would take a PR that read:
"Yes, we are still here"
Yes I have a whole 500 shares from the spinoff that I've been trying to get transfered from to Etrade from another Brokerage acct and the transaction has failed several times. I too thought it was about time for the restriction to be lifted but the shares still show up as restricted in my acct. Does anyone know who to contact regarding the restriction status??