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He's perfectly compotent, he took all your money, didn't he? Oh, you meant at running a public company. Sorry I thought you meant at pretending to run a public company, while lining his pockets with the money of willing "investors".....Steve
Shows how much weight the Governor has with the commission...Steve
On to something more meaningful, anyone have any idea what's going on with the PUC? Is it required that they schedule deliberations, and/or making public their decision? It's been a month since closing arguments were due to be recieved. ....Steve
Even if, and that's a big IF everything in the business plan works out perfectly, we are still a long way from any revenues! This translates into creative financing, or dilution to keep the doors open and have a chance to get to revenues.....Steve
Guys,don't get your hopes up for a quick uplisting. The financials get filed, then a registration statement. The SEC usually gets back to you about 90 days later with comments. If no comments the a date is set for the uplisting, If there are comments, LLEG needs to answer them and submit them to the SEC, another 60-90 days can be gobbled up here depending on what LLEG has to answer. Then LLEG submits the comments back to the SEC, and another 90+ days can go by waiting again for the SEC's answer. By the way, in 23 years around the market, I've rarely if ever seen a registration filed that didn't request additional info from the SEC. Be patient, as long as the process is visiblely moving foward, all is good. The audited financials will answer lots of questions. PUC approval is what we need....Steve
@ .001c EPS. At a very conservative PE of 22 for a development stage company, ,02c is not out of the question.This is a good stepping stone for managements credibility(follow through). Verification around the corner with SEC filings.Further revenue producing announcements around the corner PUC decision, Ca. closing, and what's behind mystery box #2 as per CEO's comments in PR about Ca.Managements salaries miniscule. No dilution in quite some time, as per the tranfer agent. More press towards approval of Berlin this mournings Berlin paper. All in all, better then a stick in the eye....Steve
Good point King. But I'll do you one better...just about every company on the NYSE, ASE, and Nasdaq preannounce when their earnings are due to be released....It's called the earnings calendar and about every financial site I know of has one, so investors know when to expect the release of company financials.You're right LLEG is not acting like a "pinkie", but rather a normal publicly traded company....What a conspiracy Sunspotter......Steve
Or, the public release of how much we sold Berlin for to put a dollar value to the last several years of work!!!! Once the PPA is approved, there's no reason for the company to withold those details until an SEC filing.....Steve
BBF Sorry if it seemed I came off sideways with you, it was not my intention. I've been in this stock since Sept. just before the SEC decision. I have 2.45MM shares @ .0049c. My brother told me about this stock last spring when it was around .0007c but I didn't pull the trigger 'cause it was a pinkie.By Sept. I'd seen enough to get involved. I've read every post here since then. I think the DD you shared with most here who asked, is what caused the steady move from the low.003's to .007ish. The longs who seen and agreed with your DD added then. That's why I feel it was such a small pop last week,as well as more info is needed to get new investors to pull the trigger.....Steve
You were in a time out at the time, I believe. I seriously doubt BBF would've sent you his DD anyway......Steve
I beg to differ with the pop. We had it about 4-6 weeks ago when you e-mailed 20-30 board members with your DD which kinda covered this PR. Plus, we need more detail regarding Berlin and Cali.....Steve
It's simple, most here have excepted the fact that we will lose the monies we invested in this company. Myself and many others also feel we were cheated and that there should be criminal and civil charges against all involved. To see the same 3-4 players looking to start this process all over again with a new company name is infuriating.These men have proven over years the total inability to run a public company. The best that could happen at this point, IMHO, is for these men to go to JAIL, or at least be barred from the securities industry!!! Absolutely NOT to start duping a whole new set of investors with a new SCAM. They should all be working in a McDonalds somewhere......Steve
Well Howdy, the 21st came and went, the week is nearing and end, and SCMI and MMXT are tanking. MMXT is tanking on larger then avg. volume. I guess our great new product debute is not all you've been leading us to believe, maybe the music industry just missed our booth!!! This stock is a corpse that just hasn't been buried yet, IMO!!!!! Steve
Don't get too excited Randy, word is the first acquisition in the hopper is InMod. Why in the world they would do that is beyond me????? Profits through acquisition is a very hard strategy to succeed in business, IMHO, the management at SCMI and MMXT don't have what it takes to make this work!!!!!! Supposedly a lot of sales deals are in the works, lets see how many deals are announced in the next month or so, that will really tell how needed, or wanted , or good these new products are. Personally, if I don't see some sales announced in the next month or so, I'm out during tax selling season....Steve
I'm not Cuban, but I feel like I've been smoked already!!!!! Howdy, how do we accomplish 1-4 without funds????? Maybe management can forgo their HUGH salaries until 1-4 get accomplished as a show of good faith. Afterall, we investors have given up our dividends and any chance for profits on our investment in lieu of hugh losses as our show of faith in this company!!!!!! Steve
Gregg, Mario was responding to my question of " do we have investors lined up to buy the units described in the SB2" ! Not shares on the open market! The company needs cash, they don't get it trading shares on the open market without crushing the PPS.What scares me is the 2 prior financings that fell through!!!!! Without funding we're DEAD!!!!! Can't pay to finish the merger, IMHO.....Steve
Collin, you beat me to the punch!!!! Nothing proceeds here without money....IMHO! The key to any upside with this company is their ability to raise money with these units. If they can't raise suffcient funds to complete the merger, I believe you can stick a fork in this investment...... it will be done!!!!!! Steve
Just my opinion, and it doesn't seem to be talked about very much. The importance of the SB2, IMHO, is SCMI has no cash!!!!! That filing has to be effective in order to sell those 2 classifications of units specified in the filing!!!!! Those were our dividends that are suppose to pay the bills for all this merger's associated costs!!!! In my opinion, the hold-up is NO MONEY to pay the auditors to sign off on the 2 year audit, let alone the lawyers fees and fairness opinion!!!!!! It's my belief that the next things we'll see will be the SB2 is effective, then we'll see the announcement of units sold. Until we see these I believe we have no money to go any further in the process!!!!! Mario....DOSE SCMI HAVE BUYERS FOR THESE UNITS ONCE EFFECTIVE????????
So much for not shorting the stock, or pulling out of the DTC to get ll those naked shorts: In addition, a selling shareholder may enter into hedging transactions with one or more broker-dealers who may engage in short sales of shares in the course of hedging the positions they assume with the selling shareholder. A selling shareholder may also enter into option or other transactions with one or more broker-dealers requiring the delivery of the shares by such broker-dealers with the possibility that such shares may be resold thereafter pursuant to this prospectus Lets remember the selling shareholders are SCMI and Project 1000!
Stingray, I might actually believe this is going to happen IF, and only IF you could explain to me how it's all going to get paid for!!!!!!! They have shares, but NO buyers!!!!!! Out of your own mouth the last 2 attempts at financing fell through!!!!! This process will not go foward without the cash to pay for it.......How do they do that!!!!!
Not true Stingray!!!!! As per the filing:All proceeds from the sale of the 96,290,414 shares of common stock offered herein will go to the selling security holders for their own use after the payment of any brokerage commissions or selling expenses.
On October 21, 2004, SunnComm International, Inc. distributed a total of 23,879,893 MediaMax Technology Corporation common shares under this Prospectus to its shareholders of record at September 30, 2004. All shareholders of SunnComm International, Inc. that received MediaMax Technology Corporation common shares were listed at Exhibit 99.1 to MediaMax Technology Corporation's Post-Effective Amendment Number 1 filed on December 20, 2004. SunnComm does not intend to make any further distributions of MediaMax Technology Corporation shares to its shareholders.
During the first quarter of 2005, SunnComm sold 1,500,000 common shares to an accredited investor under this Prospectus for cash of $75,000. During the second quarter SunnComm sold 8,000,000 common shares to three accredited investors under this Prospectus for cash of $400,000. During the third quarter through the date of this Prospectus, SunnComm sold 600,000 common shares to an accredited investor for consideration of $30,000.
SunnComm currently holds 62,310,521 common shares under this prospectus from which it has reserved 5,600,000 of those shares to serve as collateral for its obligation to BTEK Software Inc. which is currently $240,000.
DETERMINATION OF OFFERING PRICE
The determination of the price of the shares in this offering was solely for
I was shooting a lot of questions in the begining. Another one I asked was What will the revenue be on those 145MM cd's for this year? In other words....what do we get per cd? It dose sound good over at SCMI,BUT it's sounded good for a few years now and look what actually gotten done!! The shear # of shares out combined with the fact that 145MM cd's only produces revenues of about $5.8MM has me thinking, SCMI management has a lot of delivering to do, and IF, IF they do it, What kind of PPS do you put on 720MM shares of a company doing @ $6MM in revenues????????
Here are a few questions I asked about...1) Were any or all of the 90MM newly authorized shares sold, and if so, what were the proceeds and what were they used for? 2) basically same question but regarding our cancelled MMXT dividend shares. 3) the status of darknoise,and what university is working on it with us? 4)If the 145MM cd est. looks so good for '05, what kind of growth is management looking at for 2006? CD #'s( est.)....Just an observation , but to me it didn't sound like PJ is 100% on a 1 for 1 merger!!!! Oh, another question I asked was....When will our BOD include outside members, and not just the guys from in the offices? Well all in all about what I expected!!! You either believe this management can get it done , or you don't. Since the SHM I sold 66% of my shares(400,000) I still own 200K. I believe I'll hold those 200k, and my 11k MMXT from the 1 dividend I recieved and ride it out. GLA....Steve
Correct me if I'm wrong. I would believe AAPL would have to be aware and/or approve with being mentioned in the PR! Otherwise, SCMI could seriously damage any negociations still on going between the 2 companies!!!!! Either SCMI is unbelievable stupid, or the AAPL is finally out of the oven!!!!! Steve
Thanks Lady! I guess nothing is being voted on today.....Steve
I have a question? I can't seem to find any PR regarding today's AGM. What is the agenda for today's meeting? Are there any issues's to be voted on today? Is this a true AGM, or more of an impromptu investors update? Been lurking for awhile looking to get in . TIA Steve
I wasn't, but a lot of people who were did say that!!!!!Steve
Why is everyone so suprised ????? As soon as it was first mentioned that one of the issues to be voted on at the AGM was an increase of 90MM shares( which is roughly 20%) Simple math would dictate at least a 20% drop in the price of the stock!!!! And just so no one thinks the worst is almost over, if in fact the merger doesn't get completed until late summer,say Aug., then we wont be seeing any SEC filings regarding what's really going on revenue-wise until the 3rd quarter is do out , sometime late Nov. This is at least a 6 month hold until 10Q's start flowing.You either trust management , or you don't!!!! I personally am not too trusting anymore of anything out of any employee of SCMI anymore. I'm giving it 'til the end of next week, after the AGM. If nothing major transpirers, I'm out until the merger is done and SEC filings are out( going into the 4th quarter when the holiday sales are hot and heavy!!!!Now we all know why the agenda to the meeting wasn't PR'D like MMXT's was....GLA Steve
Because they need a quorum, which has to do with the percentage participating in the vote, or the vote is no good!!!! Steve
Got a call into my broker, First Montauk, who clears through a Fidelity owned clearing agent now, waiting for the call back. All those mistakes on that recent MMXT filing, and now noone seems to have gotten their proxies.......BULLSHIT.....TOTALLY UNEXCEPTABLE!!!!!! Steve
It's green on my screen!!!
Long Island
Mr Greenbacks, I heard that exact message at 7:50AM, NY time, and then I called Cgibellino, who posted what I heard!!!! It wasn't near the end of the show! The show ended 10:42AM,EST, it was on half way through the show! Steve
For What It's Worth!!! Folks, I just sold 100K shares at .064c. This is pretty much right around where I bought the shares. I was Curious to see if we have any liquidity. The bidders took those shares in about 40 seconds!!!!!!! The sell still isn't posted. The MM are dropping this on low volume to steal shares!!!! This stock is not as weak as they are making it look!!!! FWIW, maybe that's why there is so much complaining going on here, They want your shares! Steve
I gues this is why it might have been a good idea for the company to follow through on the CC tell told people they would be having between the Open house and the AGM! If in fact BMG/Sony as well as other well known people are set to start promoting the use of MM5 I have to believe there is some kind of schedule in place by now. You just don't knock on Good Mourning Americas door and say we want to be on your show. The Howard Stern show probable has there next 30 shows booked with back up in case of no shows, So why can't the company give us a schedule of events?????? This secret plan to get shorty is a waste of time in my opinion, they mentioned this secret plan back last Sept. or Oct. in one of the companies PR's and yet we languish at .07C 8 months later, with no volume to speak of in the stock!!!!! If I tried to sell all of my position I'd knock the price down another 5-10% myself, as I'm sure a lot of you would!!!!! If there is a vote for more shares I will vote no hands down!!!! At the Open house people were told by SCMI that the monthly burn rate was around $200K a month. That's $1.2MM a year, my belief is the 90MM or so shares that they are keeping from the dividend is enough to carry this company for several years, unless the $200K/month burn rate was not accurate!!!!! Plus with the 2 companies now combining to become 1 there should be able to do some cost cutting, I would think????? Come on SCMI I wantsome CAKE!!!!!!!! Steve
according to this filing, they are not voting to withdraw from DTC, nor are they voting on authorizingmore shares. What the hell gives here??????? I'm not questioning you Howdy, but the management of SCMI who are looking more and more full of shit!!!!!!! Steve
Greg, appreciate your updates,BUT....If according to the SEC the proxies have to be mailed 20 business days prior to the meeting,which is today,then the agenda for the meeting has to be complete!!!!The proxies have to be in the mail today!!! Then WHY do we have to wait to next week to see what's on the proxy???? Why can't SCMI PR the AGM agenda, as did mmxt(QTIG)!!! More delays in sharing the great vision of management with us lowly shareholders, through proper channels.My belly barometer is going off big time with this company, I hope it's just the diet Steve
Why don't I believe that ,Greg. We were supposed to have a clear view of what was going on in January, weren't we? The May 31 date on the LOI pretty much, in my mind anyway, already sets the company up to put us off another month passed the AGM!!!!What would be most reassuring for me, would be some conformation or varification of our product from the labels!!!! I'm starting to question the viability of the business plan.If we(SCMI/MMXT) were to protect all 2.4 billion CD's sold a year, at .o262c/CD we're at @ $62MM a year in revenues.With 620MM o/s exactly how high can the price of my investment really go????? It took 5 years to get to this point, so I'm not going to even entertain the DVD market in this equation, not at this time!!!!As far as the kiosks go, I don't believe they are going to add to the total # of CD's sold worldwide, if anything they might decrease the total #.Instead of someone buying 4 different CD's to get the 10 songs they want to hear, they can now custom mix 1 CD at a kiosk and have the 10 songs they want without buying all 4 CD's from the different artists!!! Lots of questions. I hope I'm wrong as I will be leaving all the money I have in this speculative investment for at least 2 more 10q's to see if the revenues are actually coming, I just pray that come next fall we're all not praying on the 4th quarter to bail us out revenue wise!!!! Steve
Folks, I've been reading all your opinions, and all the opinions of fellow SCMI holders on the BB4 board today, and here's what comes to my mind. I have to tell you all, I'm really getting scared about the amount of money I have in SCMI!!! If the majority here are correct and MMXT will have 620MM shares outstanding. We're looking at one hell of a market cap for a company that had roughly $260,000. in revenue for '04!!!! The more I look at the house of cards that is currently SCMI,QTIG the more rotten it looks. Why the hell didn't we just hire Bill Whitmore and the other guy,as opposed the giving away 40% of our future revenues into an old shell????? Then there's all these subsidiaries of SCMI(Project 1000, et al.) that all own large %'s of QTIG. PJ seems to own large %'s of everything!?!? Then you have JTM Investments out of Nev, who is a large holder of SCMI, but they just filed to sell 2MM shares the first week of March on form 144. Yet they bought large amounts of QTIG....What the @&^%$#!!!!! Now we have a new story line....I Love This One. In order to get large orders from the major labels, SCMI has to keep all those dividend shares for comfortablity of the labels?????? Wait a minute, isn't BMG/Sony already comitted to a full roll out, it's the rumor that UMG is rolling out in the whole of Australia.....Already!!!!!!Aren't SCMI and AAPL buddy buddy and we're just waiting for a PR to be approved from AAPL????? Now bear in mind, I talk to IR a lot!!!!! These rumors are no big secret! I understand that SCMI apparently has some skeletons in the closet, and the importance of becoming a fully reporting company, but the company(SCMI) and the company supported rumors seem to change every other week!!!!! From my understanding many here believe we recieve around .04c a copy for MM, yet we have SCMI released #'s of 10MM cd's protected and QTIG who get 40% of all the revenues only reporting $105,000 for all of '04. That would be about $262,000 in total revenue, that breaks out to .026c per CD not .04c How many here feel the #'s for 1st quarter '05 are going to be blow out #'s.....I don't, haven't seen enough new CD's released with MM stickers on them...like I said, I'm starting to get nervous about the money I have in SCMI Steve
Howdy, the company didn't, an annonomus poster by the name of Mariomax made that post!!!! Therein lies the problem with him posting here, it's not SCMI authorized PR!!!! Nor does it comply with SEC full disclosure!!!! If you call SCMI IR and speak to someone you will be told 20 business days prior to the meeting is the deadline for releasing the meeting agenda!!! Steve