Friday, July 21, 2006 2:38:33 PM
Dan (President) is building a business and working for financial transparency.
SMMW has TV stations in ski resorts…
SMMW has the US distribution of Stockli Ski’s
SMMW has the US distribution of Lisker Clothing
SMMW owns N’East Magazine
SMMW owns High Angle Media
SMMW is working on creating retail centers called Summus Centers
SMMW has a LOI for SkierShop.
The OS and AS has always been available to shared holders because the TA has not been gagged.
SMMW is working towards full financial transparency and we expect the 2005 financials soon.
SMMW is committed to a higher exchange they looked and the higher pink sheet exchange, but that has been delayed so SMMW is looking to go the OTCBB.
SMMW has stated on least four occasion no Reverse Split.
SMMW management has been committed to purchasing and retiring shares. They have personal committed 750K to purchase and retire shares out of the open market.
Dan stated officers and insiders currently own 56% of the outstanding shares.
Dan stated 2005 revenues are around 2 Million and expects
2006 to be between 8 to 10 Million.
All the above are positive, but with all stocks we have some negatives….
The OS is approximately 69.6 Billion. Restricted shares are slowly being unrestricted and added to the size of the float. I think at last count we had around 22 Billion restricted.
We have had a tremendous amount of volume with no movement in pps.
Also I think a lot of people expected the financials last week, but we are still waiting on them.
Feel free to add to this…
JB77
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