Another divy never took place? And looks like Scott Stoegbauer teams with Pete Jacobs in Quiet Tiger..and likely something went quite wrong with Stoegbauer at helm of ERBB subsidiary CANX..Scott refuses to file financials for over 2 yrs...Ahh,the many faces of ERBB over the multiple name changes keep reappearing like a bad penny.
PHOENIX, October 22, 2002 – SunnComm, Inc. (OTC: SUNX) President and Chief Executive Officer Peter H. Jacobs announced today that all eligible SunnComm shareholders will be receiving a new replacement SunnComm stock certificate and a property dividend in the form of Fan Energy, Inc. (OTCBB: FNEY) common stock, the distribution of which is subject to a registration statement being declared effective by the Securities and Exchange Commission (“SEC”). The record date for the property dividend has not been set.
That was two-and-a-half years ago and they haven’t been distributed either. That merger with Fan Energy never went ahead.
In the meantime, Fan Energy changed its name to Quiet Tiger and morphed into the so-called international marketer of digital content security products for the music and entertainment industry.
This re-incarnation of Quiet Tiger then entered into the marketing agreement with SunnComm that was discussed at length above. It also completely wrote off the value of the second hand floppy disk manufacturing equipment, which had been carried in its books for most of the time at $4M. It later changed its name to MediaMax Technology Corporation and it is planned that SunnComm and MediaMax Technology Corporation will merge and go forward as MediaMax Technology Corporation.
So when you hear the name MediaMax Technology Corporation, think of SunnComm International.
It may have a new name, but it's the same company that issued the press release on a $20M deal with Will-Shown Technology, a non-existent company.
It's the same company that issued a press release on a $4M deal with Dstage, Inc that resulted in actually no revenues to SunnComm and a promise of dividends to SunnComm shareholders that were never delivered.
It's the same company that told its shareholders it was going to merge with a floppy disk manufacturer that would product 5% of worldwide demand but never produced a single commercial disk.
It's the same company that said it would develop an experimental CD and DVD manufacturing facility but never did.
It's the same company that promised to distribute 96M shares in Quiet Tiger to its shareholders and then decided to keep the majority for themselves.
It's easy to see why SunnComm isn't a name they're proud of
