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LMAO! >>>Posted by: Crash OverRide
In reply to: None Date:7/10/2006 1:59:39 PM
Post #of 16300
Max Post Clockwatcher10's Post
Run_Crusher's Post From Jail Is Not Allowed
CENSORSHIP!!!!!!!!!!!!!!!
whats the matter COR? Cant handle me? LMAO!
truth hurts huh? DUMPIN DAN!!
P.S. where is the AUDIT??????
maxtil, I see they deleted the post of mine you pasted over on SMMW....didnt expect anything less! lmao. CENSORE THE TRUTH!!!!!
WOW!!! Someone changed their tune>>>>
Posted by: RJ Trotts
In reply to: maryundys who wrote msg# 147222 Date:7/10/2006 1:45:46 PM
Post #of 147282
Mary talking about SMMW...
here are the NEW t/a numbers for you...
Numbers as of:7/10/2006
Tradable: 49,121,232,874
Restricted: 20,533,767,126
Total OS: 69,655,000,000
RESULTS:
Tradable INCREASED by: 15,323,427,977
Restricted DECREASED by: 16,850,000,920
Total OS DECREASED by: 1,526,572,943
All Dan has done is reduce his restricted by 16 billion and transfer 15 billion of it to the tradable portion, you know those shares that have to move for you the shareholder to make money......
hey RJ, check your numbers again...lol...
why you keep deleting my posts? when you gonna admit you were wrong? chalk it up, ya cant win em all. how's shakerzzz????
p.s. figured out my new name yet? lmao......gonna be hard to do...
LMAO. Been saying this for a LONG time>>>
Posted by: maxtil
In reply to: Iron Maiden who wrote msg# 16060 Date:7/7/2006 11:51:15 AM
Post #of 16102
Maiden,ask your self this.Why would Dan want to unload a profitable company that he owns?He could have put it up for sale on the open market and buyers would have rushed in if it was that successful.But no,he wants to sell it to SMMW,where he will get it off his hands at whatever price he sets.imo
another great day NOT to be Summus Shareholder.
smmw motto( summus works getting worse day by day)
Yo Scrubdick, wuz up? how's it hangin? ooops, dont answer that..where is the little bitch? Still pouting from the loss? lol...
smmw motto( summus works getting worse day by day)
By: max11208
03 Jul 2006, 11:32 AM EDT
Msg. 4187 of 4206
Jump to msg. #
Now I am certain Gorbec is on crack.
Posted by: gorbec1
In reply to: gorbec1 who wrote msg# 15784 Date:7/3/2006 11:24:15 AM
Post #of 15789
man that ddsi company sure has taken off recently in rev wonder who gave them more business but they could be a take over for someone who knows
smmw motto( summus works getting worse day by day)
another great day NOT to be a Summus Shareholder..
smmw motto
( smmus works getting worse day by day)
interesting huh GorbyBOY and COR???>>>>
Posted by: k9narc
In reply to: None Date:6/30/2006 9:16:12 PM
Post #of 15680
I think they should change the name of this company to Sueus Works.
New court case: Collection case
Current Case Docket Information
Court record: 30044
Superior Court County of Lamoille
_______________________________________________________________________________
| |
| Docket No. 101-5-06 Lecv Veldon et al vs. Burgess et al |
|______________________________________________________________________________|
Case Type: Last judge: Dennis R. Pearson
Case Track: Not set Recused: None
Case Status: Active - Pretrial
Court/Jury: Court trial
Next Hearing: Motion Hearing, Wednesday, 07/12/06, 02:45 PM
================================================================================
PARTIES
No. Role Litigant Name Attorney Name Telephone
--------------------------------------------------------------------------------
p# 1 plf Veldon, Joseph G Jr Driscoll, Constance 253-8547
p# 2 plf Martin, Alexander Driscoll, Constance 253-8547
p# 3 def Burgess, Daniel Simon, Brice C. 253-7810
p# 4 def High Angle Media Simon, Brice C. 253-7810
===============================================================================
DISPUTES
DsptCase Name Disputants Dispo Date
--------------------------------------------------------------------------------
1 cmpl Collection p#1-2 v p#3
2 cmpl Collection p#1-2 v p#4
================================================================================
MOTIONS/PETITIONS/REQUESTS FOR RELIEF
No. Type Status Judge Date
-------------------------------------------------------------------------------
1 M/for Ex Parte Writ of Attachment granted DRP 05/15/06
2 M/to Discharge isset DRP 06/16/06
3 M/to Dismiss wait 06/16/06
================================================================================
05/15/06
875189 - partyadd
Joseph G Veldon Jr, Plaintiff.
875195 - partyadd
Alexander Martin, Plaintiff.
875197 - couappr
Appearance entered by Constance Driscoll on behalf of
Plaintiff Joseph G Veldon Jr and Plaintiff Alexander Martin.
875198 - partyadd
Daniel Burgess, Defendant.
875200 - partyadd
High Angle Media, Defendant.
875201 - cvfile - status set to asd
Collection case filed by Plaintiff Joseph G Veldon Jr and
Plaintiff Alexander Martin against Defendant Daniel Burgess and
Defendant High Angle Media.
875212 - mprfile
MPR 1) Motion for Ex Parte Writ of Attachment filed by
Plaintiff Joseph G Veldon Jr and Plaintiff Alexander Martin. Motion
for Ex Parte Writ of Attachment given to judge.Documents filed: Affid
in support (Martin); Affid in support (Veldon); Prop Order of
Approval; Prop Non Possess WoA; List of Exemption.
875227 - note
MPR 1 to DRP.
875373 - mpreo
Entry order re MPR 1) Motion for Ex Parte Writ of Attachment.
Ex parte motion. granted by DRP. See "Order of Approval" of evendate
here with.
875387 - note
Non-Possessory Writ of Attachment issued by KBH.
875390 - letsent
Enclosure of Order letter sent to Plaintiff Joseph G Veldon
Jr and Plaintiff Alexander Martin.
05/23/06
878580 - document
1 document filed by Attorney Constance Driscoll for parties
1-2: Certificate of Service.
06/16/06
881883 - couappr
Appearance entered by Brice C. Simon on behalf of Defendant
Daniel Burgess and Defendant High Angle Media.
881884 - answer - status set to aptr
Answer filed by Attorney Brice C. Simon for Defendant Daniel
Burgess and Defendant High Angle Media.
881885 - mprfile
MPR 2) Motion to Discharge filed by Defendant Daniel Burgess
and Defendant High Angle Media. Motion to Discharge to be set for
hearing.Documents filed: Expedited Motion to Partially Discharge;
Answer; Copy of Agreement Not to Sue.
881886 - mprfile
MPR 3) Motion to Dismiss filed by Defendant Daniel Burgess
and Defendant High Angle Media. Motion to Dismiss waiting for Memo in
Opposition.Documents filed: Motion to Dismiss & for Judg. on Pldgs.
881887 - document
1 document filed by Attorney Brice C. Simon for parties 3-4:
Certificate of Service re: Filings today.
881888 - hrgset
Motion Hearing set for 07/12/06 at 02:45 PM.
06/20/06 Service complete on party(s) 2: first class. Documents served: Brice
Simon accepts service of the S&C; Non-Possessory Writ of Attachment;
and Order of Approval.
------------------------------------------------------------------------------
set for
hearing.Documents filed: Expedited Motion to Partially Discharge;
Answer; Copy of Agreement Not to Sue.
881886 - mprfile
MPR 3) Motion to Dismiss filed by Defendant Daniel Burgess
and Defendant High Angle Media. Motion to Dismiss waiting for Memo in
Opposition.Documents filed: Mo
AND THIS>>>>>>>>>>Joseph Veldon Jr. was (or is) the business manager of Sugarbush TV-12...
Dan bein SUED AGAIN!!!!!!!!!!!!! and by WHOM???
lmmfao..........
HYPOCRITE!!>>>>Posted by: gorbec1
In reply to: maxtil who wrote msg# 15652 Date:6/30/2006 8:02:04 AM
Post #of 15655
well i see someone posted again shows how you can trust their word but anyway what will happen today big vol little vol news no news who knows but anyway every one have fun i will taking the kids to water park again man there a blast wont be leaving til later but got to get ready . rich today rich tommorow i can wait keep buying dan and shorts keep shorting it will make everything more fun and again i like a guy that keeps his word to
pot callin the kettle black I see there GorbyBOY!!!!!!!!!
you lost a bet and were NEVER to post again, remember???
what a loser you are........
LMAO! someone PLEASE post this on RB, SMMW board>>>>>>>>
hey JT.. FINALLY you have proven you are nothing but a dumbazz.
yes stupid azz, I am MTR.. but you are over there calling awarlock mtr??????
thank you. I always knew you were as stupid as the people that bought prrm.
and, as I recall mr smart azz, you can check location through ISP, remember????
you should know that warlock is in no way mtr.....
again, I always knew anyway, and today, you have proven it.
you now are in the gorbyBOY club...........
wow, no PM from GorbyBOY or CO on this one. Musta hit the nail on the head, eh?
Posted by: run_crusher
In reply to: None Date:6/28/2006 7:09:11 PM
Post #of 80241
lmao>>>>>Posted by: RJ Trotts
In reply to: HUSTLA who wrote msg# 15484 Date:6/28/2006 11:03:36 AM
Post #of 15533
T/A Update...NO CHANGE!!
As of today, June 28, 2006, the total outstanding for Summus is 69,955,000,000 shares.
The float is 47,921,232,874 shares and the restricted amount is 22,033,767,126 shares.
Denise Bogutski
signaturestock@aol.com
Signature Stock Transfer, Inc.
2301 Ohio Drive Suite 100
Plano, TX 75093
Tel: 972 612-4120
NO CHANGE because Dan LIED! He aint BUYIN chit back or the numbers WOULD change, correct rj????
LMMFAO!!!!!!!!!!!!
SUMMUS is a JOKE! YOU and GORB have TOUTED how the T/A is ALWAYS updated, and now I see you over there saying the opposite.
BUSTED! You are both nothing but pumping idiots.......
P.S.>>>>>>>>By: clockwatcher10
28 Jun 2006, 11:24 AM EDT
Msg. 3720 of 3765
(This msg. is a reply to 3717 by mugsy9.)
Jump to msg. #
Mugs: C'mon. Gorb?
Gorb paints his own target on his back.
It's how he validates his existance on this planet. What better way to compensate for an inadequate personal life than to hop online and see 50+ people responding to what he has to say.
It makes him feel important.
In a twisted way we all help Gorb find meaning in his life.
another great day NOT to be a Summus shareholder..
lmao>>>>>Posted by: RJ Trotts
In reply to: HUSTLA who wrote msg# 15484 Date:6/28/2006 11:03:36 AM
Post #of 15533
T/A Update...NO CHANGE!!
As of today, June 28, 2006, the total outstanding for Summus is 69,955,000,000 shares.
The float is 47,921,232,874 shares and the restricted amount is 22,033,767,126 shares.
Denise Bogutski
signaturestock@aol.com
Signature Stock Transfer, Inc.
2301 Ohio Drive Suite 100
Plano, TX 75093
Tel: 972 612-4120
NO CHANGE because Dan LIED! He aint BUYIN chit back or the numbers WOULD change, correct rj????
LMMFAO!!!!!!!!!!!!
SUMMUS is a JOKE! YOU and GORB have TOUTED how the T/A is ALWAYS updated, and now I see you over there saying the opposite.
BUSTED! You are both nothing but pumping idiots.......
P.S.>>>>>>>>By: clockwatcher10
28 Jun 2006, 11:24 AM EDT
Msg. 3720 of 3765
(This msg. is a reply to 3717 by mugsy9.)
Jump to msg. #
Mugs: C'mon. Gorb?
Gorb paints his own target on his back.
It's how he validates his existance on this planet. What better way to compensate for an inadequate personal life than to hop online and see 50+ people responding to what he has to say.
It makes him feel important.
In a twisted way we all help Gorb find meaning in his life.
Sent By: Crash OverRide Date: 6/26/2006 7:30:18 PM
WELL WELL HELLO MISSED_THE_RUN
YOU SURE HAVE A BIG MOUTH!
Gorbec Is Going To Love Reading This ( ROTF )
BINGO GORBEC
Proof Positive That Missed_The_Run Is Run_Crusher!
From Run_Crusher's All Mighty Big Mouth!
lmmfao. you have just proven how stupid you really are. You have also shown that you know nothing here. where the hell you been? EVERYONE thats been posting on RB and Ihub about SMMW ( prrm ) knows I am mtr you stupid dicklicker.
Your just like the rest of the pumpers. You TRY and make a post thinking you DISCOVERED something when in fact, your just a dumbazz.
im still lmao. I am probably the only poster who hasnt tried to hide a former alias. Ever look at the new ones I use that get booted right away? DUH!!!!!!!!!!!!!!!!!!!!
Hey crash, remember your post DENOUNCING PRRM? What happened? You were right the first time. I guess you attended one of matt's parties via an invite from Gorb, or should I say Betybe.
Did ya know he use to be betybe??? lmao...
your such a dumbazz....
Saving this>>>>Posted by: RJ Trotts
In reply to: Nubedo who wrote msg# 15202 Date:6/26/2006 1:06:42 AM
Post #of 15283
The fact is Nub, ONCE the financials do in fact come out. The investing world will be ALL over us.
nice BOLD statement there RJ..cant wait to post it again later when you are DEAD WRONG!
game, he does that to me too. I believe Matt is allowing him to harrass us. Been keeping ALL the pm's for the future, and my NUMEROUS requests to Matt to have him stop, to no avail.
Matt THINKS he's immune for all he allows, lol....he will learn..
trying to get acct. deleted.............duh........
fam, you will have to attend one of his brokebackmtn parties to get out..........I am sure you will know some of the participants. gorbyBOY, COR, shakerzzz, etc......
interesting..why did you leave me????????????? You only wiped out whoever posted up to 6/09? lol...yea, o tay....look, either admit you were wrong on BOTH cases, and let me out, or just delete the acct. its that simple.........
GF>>>>Ummmm>>>11720939 is a deleted message.???????
By: eagledriver2
23 Jun 2006, 01:45 PM EDT
Msg. 3362 of 3382
Jump to msg. #
nearly 1 billion in volume, and still at .0001 how is that possible? If you are in at that price and then sell the same you have waste your time and trade fees. how can this not be moving up with that much volume?
lmao..
billions upon billions upon billions sold...........
By: docbill23
23 Jun 2006, 02:05 PM EDT
Msg. 3366 of 3382
(This msg. is a reply to 3364 by mugsy9.)
Jump to msg. #
Mugsy9's...Something is up with this volume and the company. I can nearly promise this isn't general trading we are seeing. I would bet this past week plus has been Dan dumping the remaining...what 6-8 billion of the A/S for cash and in return he will reduce the total A/S down to 50-60 billion by giving up restricted. Still not a buy back, but a reduction. Buy-back will be last resort I assume if this doesn't work. Then shares will prob. be reduced down to 30-40 billion...after that IMO if no result...it's a dead fish. Just a thought...most likely the correct one.
Waiting,
AM I HIGH OR SOMETHING???>>>>>>>>>>>>
New York, NY, June 15, 2006 -- Pink Sheets' quote increment pilot program, announced February 1, 2006, is being further revised effective June 16, 2006.
Pink Sheets has adjusted the tier increments for securities with symbols beginning with the letters A through D based on feedback from the marketplace regarding the pilot study. The revised tiers are as follows:
For quote prices above $1, a quote tick size of 0.01
For quote prices at or below $1 but above $.10, a quote tick size of 0.005
For quote prices at or below $.10 but above $0.005 (previously $0.001), a quote tick size of 0.0005
For quote prices at or below $0.005 (previously $0.001), a quote tick size of 0.0001
at or below .005 WAS trading at the .001 increment???????
LMFAO! WHEN????????? Thats a F'IN lie!!!!
what am I missing here?
P.s. SummusDOESNTwork
for GorbyBOY and COR and RJ >>>>>>>>>>>>>>>>>>>>>>
from a poster and shareholder:
Flex fuel?? You've got to be f'ing kidding me!!
How many readers of this board before the pr even knew what flex fuel and E85 was? Yeah, that's what I thought. I own a large auto repair center in Chicago. I have a government contract for repair for an agency that has over 300 vehicle in their fleet. All flex fuel Fords. Not one of these have ever seen a drop of E85. And do you know why? There are a little over 600 E85 stations in the US and 210 of them are in Minnesota!! Sure GM has committed to building over 400,000 flex fuel vehicles. They are also fully aware that only one tenth of 1 percent of these vehicles will run on E85. It is a FACT that people frequent the same 2 gas stations over 90% of the time. There is their primary which is close to either home or work, and their secondary which is usually a little further out of their way. People are not going to drive any distance to fill up with E85 when their vehicle is fully capable of using E10 or standard gasoline which can be found at every f'ing gas station in the country.
Out of every "pr" that this chucklehead has issued, this one is the most jaw-droppingly stupid. Flex Fuel is a "feel good" technology that everyone in the automotive industry realizes is doomed to failure. Call me a basher, but I have been in this industry at every level for over 26 years, and I own 30 million shares of SMMW and am absolutely amazed that this company has issues such a ridiculous pr.
At this time, I have given up all hope of SMMW going over .0002. This stock has officially jumped the shark.
SUMMUS is a joke..........
Sent By: Crash OverRide Date: 6/22/2006 11:06:11 AM
Because We Knew You Would Be Stupid Enough
To Post A Themountnman Partial Post For Us! ( ROTF )
P.S.S. I noticed how YOU didnt post it on the SMMW board Crash, WHY NOT? lmao....
LMAO..So YOUR DD answers for highwayman were ACTUALLY plagerized!!!
Yet you told him to do his OWN DD!!!
BUSTED!!!!!!!!!!!!
what a JOKE you are!!!!!!!!!!!
P.S. ALL posts saved for future posting at SMMW board under whatever alias I have to use. Thats up to matt..
WILL be seeing you later and REPOSTING this conversation...
Sent By: Crash OverRide Date: 6/22/2006 10:52:07 AM
Try This Math ( lol )
Bet You Won't Post This In Jail!
And so, re Steamboat TV-18…
RSN programming commitment = 330 minutes per every 24 hours.
And advertising rights…
330 / 30 (half hour) = 11 x 4 (advertising spots per half hour) = 44 every 24 hours.
And each 30 second advertising spot generates for the station approx. $8 gross. And so…
44 x $8 = $352 per day gross revenues via RSN programming.
And the balance of each day’s programming?
The OTHER 18.5 hours?
Well that’s non-RSN and so the door is open to broadcast inventory and CPM rates and so on. And with facilitated advertising spots ranging from thirty seconds in length to minutes it’s readily discernible to any reasonably intelligent person that Steamboat TV-18 is positioned to potentially bring in annual ADVERTISING revenues (gross) in the 100’s of thousand$. And that doesn’t include co-branding nor sponsorship nor product placement and so on. So the OVERALL potential is TRULY to smile about.
And the information provided is OFFICIAL. Is entirely verifiable.
UMMMMMMMMMM, we came up with the same $352 a day..
WHAT IS YOUR POINT? LMMFAO AT YOU......The other 18.5 hours? THERE ARE NO OTHER HOURS! They said it themselves! 5.5 hour commitment!!!!!
wanna try again COR???????????????
Thx for backing me up on the numbers, was greatly appreciated.
P.S. Hey Matt, have you noticed how GorbyBOY and now Crash follow my postings and PM me?? They want me out also........
P.S.S. I noticed how YOU didnt post it on the SMMW board Crash, WHY NOT? lmao....
P.S.S.S. If you dont want PM's posted, DONT SEND THEM TO ME!!!!!!!!
for crash and GorbyBOY>>>>>>>>>>>>>>>>>
We are only committed to 5 and half hours of programming from RSN. In those five and half hours we have 4 spots we can sell every half hour. The rest of the time we can sell either the standard 30 sec. spots or we can customize longer format soft sell segments. We average approx. $8 per 30 sec. spot we play.
ok..notice it says 4 spots they CAN sell every half hour, NOT that they ARE selling 4 spots every half hour.
But, lets say they ARE selling ALL 4 spots every half hour.
Thats 8 spots an hour x $8 = $64 an hour.
$64 x 5 1/2 hours = $352 a day MINUS EXPENSES
again, notice he doesnt say spots are SOLD, just CAN BE SOLD.
so if ALL spots are sold daily, for a year, thats 128k GROSS, MINUS expenses.
To Summus it up>>>> LMMFAO............That aint CHIT!!!!!!
Thx for the info COR......
P.S. LET ME OUT MATT!!!! I am needed at SMMW!!!!!!!!
talk about the pot calling the kettle black>>>>>>>>>>
By: GorbyBOY
notice someone always has ? but no answers what an investor hehheehehhe he aint
and it will be all Matt's doing......why do you think I wont pay for this Ihub chit? it's a one sided site...part of the overall stock scams going around.........
OMG, LMAO! Matt, let me out!!>>>>>>>>
THIS IS THE KICKER: “Our target customer base is already frequenting high traffic gas stations that do, or will inevitably carry alternative fuels in the not-so-distant future.
SMMW IS A F"IN JOKE!!!!!!!!
Now their customer base is people who get gas????????
from sports and media to that????????????
Matt, you must see whats going on there...
Let me do my part.........
UNREAL........Summus DOESNT Work!!!!!!!!!
Posted by: gorbec1
In reply to: dc_320 who wrote msg# 14678 Date:6/20/2006 10:09:30 AM
Post #of 14680
maybe so but the bashers here keep getting proven wrong so they reach for something else and in time it will be proven wrong
LMAO! Bashers have NOT been proven wrong yet at all. In FACT, they have been RIGHT.............
what a crock of chit>> The "SqueezeTrigger" report released Thursday, June 15 utilizes Buyins.net's proprietary algorithm to indicate an expected "short squeeze" to begin when shares of SMMW close above $0.00017
It HAS CLOSED above .00017 NUMEROUS times...lmao
Company has been selling RESTRICTED into the float and screwing shareholders.
TRADEABLE has INCREASED over 40% while O/S has REDUCED like 2%..
By: Highwayman
Just heard the interview,
What sticks out in my mind was Dan stating, "We have purchased common shares as well as RESTRICTED"
To me that means the company had money to spend to buy shares and used it to pay.....themselves.
WHY would Dan sell his/their restricted @.0001 when the pps is going higher. WHY, if all his hard work is going to move the pps, not wait for a HIGHER price? It's going up right? No R/S "of any kind" right? Obviously, somehow the resrictions ware lifted, right?
I am totally "amazed" that during this P/R parade that Dan and company have been using the buyback money to put hundreds of thousands of dollars in "their" pockets selling their "free" shares, all the while the common shareholders have had NO chance to increase "their" value.
This statement went "un-noticed" by the faithfull?
And this is OK?
IMO, Dan and company "got their money first"
Why?
*******and you allow gorbyBOY and his brokebackmountain club to MISLEAD and DECEIVE with their postings*****
matt, yes, he is totally nuts, so will you please stop him from private messaging me. As you can see, he still stalks me...
lol. The company is dumping restricted shares and cashing in before the R/M...let me go back to post the facts, as always..
matt, are you going to let GorbyBOY continue to mislead at SMMW? Someone tell him and the others that the 56.2% ownership is in PREFERRED SHARES!!!!!!! NOT COMMON! The pumpers are trying to mislead people there.....
see this Matt??? yet you let GorbyBOY talk his chit day after day after day. Yet you put me in jail for posting FACTS and let him post about his DREAMS. what a moron you are. This is BS! and you wonder why people call you a prick. Just like with shakerzzz, YOU ARE WRONG AGAIN.............
check it out:
By: clockwatcher10
15 Jun 2006, 08:16 AM EDT
Msg. 2820 of 3002
Jump to msg. #
Update: New numbers from the TA:
This is a repost to correct a formatting error in my first post. Everything was in bold text. This version is a bit more readable.
Totals on 5/23/2006:
Tradable: 44,507,805,817
Restricted: 28,233,767,126
Total: 72,741,572,943
Totals as of 6/14/2006
Tradable: 47,507,805,817
Restricted: 22,033,767,126
Total: 69,541,572,943
Tradable increased by: 3,000,000,000
Restricted reduced by: 6,200,000,000
Overall OS reduced by: 3,200,000,000
What do the numbers say?
To start with, Dan took 6.2 billion out of his restricted portion. Then, from the 6.2 billion shares, he took 3.2 billion and retired them. The remaining 3 billion ($300,000 @ .0001) were either cashed in or spent on projects unknown.
Mugsy, so you wont think me a total waste of human DNA, I'll give this scenario a positive spin. Dan spent the $300,000 on worthwhile projects that in the future will guarantee a rise in the PPS.
For those who want to dig a little deeper, it should be clear by now that the PR's of reducing the OS are not what they appear to be. According to the numbers, since all the shares came from the restricted portion of the OS that means nothing needed to be purchased on the open market. So, all the talk of the volume relating to Dan purchasing shares on the open market are suspect. The recent volume may, in fact, have been SMMW selling the 3 billion shares (dumping) on the market to raise funds for undetermined reasons.
So, Highwayman, to answer your question. Yes, it is possible for Dan to reduce the OS and dump at the same time. He just showed you how to do it. JT, your assessment was dead on.
What is the end result? Well, retail investors deal with the tradable portion, not the restricted. Dan just added 3 billion more shares, to the tradable portion, that have to be moved before any PPS increase is possible.
In addition, one has to reconcile the above information with the PR's. Note in several of the PR's where it's mentioned that the shares will be purchased b That phrase makes it sound like we have the eyes of lenders and large institutions who are waiting in the wings to help us out.
In light of the TA figures, however, it begs the question of what funding, if any, was needed to realize the above results? The simplest way to interpret the above is that Dan took 6.2 billion from his restricted pile, shares he did not have to pay a dime for, and converted 3 billion into cash or deals and the remaining 3.2 billion he retired. If the simplest answer is the explanation, then where does all this talk of cash and institutional lending come in? Smoke and mirrors?
As always, these are my opinions. They may be right or wrong. Let the reader make up their own minds.
June 5: "announced it is initiating a share buy back program and will buy back up to four billion shares of Company stock."
June 7: "announced it is funding the Company's share buy back program through a combination of cash and institutional lending."
June 8: "announced the Company has retired six hundred million shares of outstanding common stock, to be returned to the
Company's transfer agent and cancelled."
June 13: "to increase shareholder value through share buy backs and the cancellation of outstanding common stock has
reduced the total of shares issued and outstanding by 700,000,000 shares."
June 14: "announced the Company retired and cancelled five hundred million shares of outstanding common stock."
STOP CENSORING THE TRUTH MATT!!!!!
- - - - -
why are you still allowing the little prick to private message me?